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FX / Forex, with a smaller budget?

April 16th, 2010

Hi, Everyone! I am a FX beginner.
I am now taking a FX online course, and learn how to trade without making too much risk (definitely day trade). Right now, I am practicing with a Demo account.

This online course is introducing us a website for our practice, which has a contract of 100,000 of the base currency . With my budget, for me to be qualify for this, i have to use a high leverage, I was hoping to use only a couple of thousand dollars to start with (like a mini account). I dont want to use a high leverage.

Do you know and recommend any reputable/reliable online websites which you have actually used, and where someone like me can start (with
smaller amount money ) ?

Thank you in advance.
I did not know that Anyone knows a site called Oanda ?

I could not find a mini account service at FXCM ..
Thank you very much for all your feedbacks.
I am still reading your posts, so please add more information if any. Thanks!
Oh, also.. What currency combinations do you recommend? I will be starting with USD as my base. I have practiced with my practice site, with Australian, New Zealand, Euro, & Pound.
Thank you so much for all your input.
I only can choose one best answer. ;-(


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