Forex Micro Trading Account "Crude Oil"?

[Syed Kamran]

A long time passed... I am searching a company which is providing
1 Micro Forex account to trade.
2 Crude oil must be in its products.
Can any body tell.....????

Moreover,
can any body tell me what is leverage means. Some companies provide 200:1, 400:1, 500:1 ...... i am still unable to understand... Please make me clear .
Thanks you all

Kamran

[Xelam]

Forex and Oil does’nt mix. You have to trade forex in one platform and oil in another. Leverage is the ratio of investment to actual value or vice versa. Meaning, in forex trading, you can buy and sell currencies that represent more value than the capital in your account. For example, a leverage of 200:1 means that with a capital of $1,000 you can trade up to 200,000 (1,000x200). The $1,000 is all you invest and all you risk, but the gains you can make may be huge, however, there is also a greater risk of incurring large losses if you don’t know how. It is not advisable then to maximize your leverage as the risks can be very high. To profit in forex means you have to buy currency pairs at their low rate and sell them high, of course. The profit potential comes from the fluctuations or changes in the currency exchange market. Refer to this site below for more information. Register and download a Free Ebook for you to read and enhance your understanding of Forex trading. Should you wish to try trading, you may deposit a minimum of $100 and they will provide you a personal Account Service manager with whom you can speak live over e-mail, chat or phone as you like. Your ASM will answer all your technical questions and will guide you live on your first trading activities until you get familiar with the system.

[jsforex.blogspot.com]

I'm not sure what you are looking for is available. Either you trade foreign exchange market or futures/commodities market. Crude oil is not a traded instrument in the forex market.

I'm not sure what you mean by micro account. is that smaller than the mini account? Or did you mean being able to trade units instead of lots?

If you wish to trade units in forex, try oanda. You can open a live account with them for only $1 and can trade units instead of lots.

hope this helps.

http://homeruntrades.blogspot.com

[Crux]

Check out Forex-Metal.com
They trade both Forex and CFD. The position in oil can be opened starting from as little as 0.1 lot.
Hope it helps.