The forex market is one of the most popular markets for speculation due to its enormous size, liquidity, and tendency for currencies to move in strong trends. An enticing aspect of trading currencies is the high degree of leverage available. GFM allows positions to be leveraged up to 100:1. Without proper risk management, this high degree of leverage can lead to enormous swings between profit and loss. Knowing that even seasoned traders suffer losses, speculation in the forex market should only be conducted with risk capital funds that if lost will not significantly affect one's personal financial well being.
The GFM Mini account was designed for those new to online currency trading. There is a smaller deposit required to open an GFM Mini account and trading sizes are 1/10th the size of a regular account. The smaller trade size enables traders to take smaller risks. The GFM Mini is intended to introduce traders to the excitement of currency trading while minimizing risk.
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