Free Forex Lessons

When you open a Forex brokerage account, or any brokerage account for that matter, your main goals should be consistent profits and low risk. With this in mind, if you open your brokerage account with $1,000, a 3 percent risk factor would be a very reasonable risk for this account. It would not be a good idea to open a Futures Brokerage account, hoping to not risk over $30 of the $1,000 account on the first trade, since the minimum trade size is usually $10 per tick. In this case if there was a 2 tick spread and the market went 1 more tick against you, you would lose your $30. This problem is solved by trading Forex.