Profits
and losses are easy to calculate when trading on The
Online Trading Company MINI Platform. In the EUR/USD
and many other currency pairs, a one pip (or tick)
movement in the exchange rate is equal to a
one-dollar gain or loss in the account value per
lot. Since many of our clients are new to online
trading, Online Trading Company wanted to develop a
product that contained the excitement of online
trading without the risk of taking on positions in
excess of $100,000. Our response is The Online Trading Company
MINI.
With only
a few hundred dollars, you can open a Online Trading Company
MINI ACCOUNT . With
a Online Trading Company MINI ACCOUNT, you trade
using the same platform as our regular traders. The
difference between the Online Trading Company MINI
ACCOUNT and the regular trading account is the
trading sizes, which are 1/10th the size of a
regular account. On the Mini Online Trading Company
trading platform all trades are executed in standard
sizes of 10,000 base currency per one lot instead
of the 100,000 in a regular trading account.
The
Online Trading Company MINI ACCOUNT enables clients
to make trades for amounts significantly less than
inter-bank sizes. As a result, offsetting these
trades requires more effort by Online Trading Company
than for a regular account. To compensate for the
additional effort, Online Trading Company has
slightly larger spreads on some currencies and adds
a small commission charge.
Currency
trading involves the use of greater leverage than
equities/futures/options trading. Profits and losses
in currency trading can be much greater than in
other markets. Although the Online Trading Company
MINI ACCOUNT provides as much leverage as a regular
account, clients have the opportunity to take
smaller size positions, taking on less total risk.
Until clients are completely comfortable trading
foreign exchange on a highly leveraged basis,
trading smaller amounts on The Online Trading Company
MINI is highly recommended.