New Forex Trading Accounts information

Forex Trading Scout - the best place to trade in the Currency Trading market also known as Forex.
Beginning currency traders will benefit from our excellent and comprehensive education sections.
With commmon terminolgy explanations, charts, graphs and technical analysis. All the tools to get
started in trading currencies are available to you for free. So pull up a chair and let's get started.

Standard & Mini Accounts

Select the leverage and trade size that's right for you. 

Standard Account The standard account is for those clients who feel comfortable trading forex and may have some experience trading online. Contract Size: 100,000  Max Leverage1: 1% or 100:1  Minimum Deposit US: $2,500

Mini Account

A great way to get started in a live environment, the Forex mini account offers smaller contract sizes and up to 200:1 leverage.

	Contract Size: 10,000  Max Leverage1: .5% or 200:1  Minimum Deposit US: $250

Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many speculators rely on the availability of enormous leverage to increase the value of potential movements. In the forex market leverage can be as much as 200:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, forex brokers have been able to make high leverage an industry standard in order to make the movements meaningful for FX traders.

Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand which cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.

Our goal is to provide a foundation for investors or traders who are new to the currency exchange markets. We'll cover all the basics of foreign exchange that means we'll cover from A to Z the key concepts you need to understand in order to trade in this market. Not only that but we'll cover topics such as how to start trading currencies and the different types of strategies that can be used on a day to day basis.