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In equities, margin is usually at least 50%, while the leverage of 50:1 is equivalent to 2%. Other Factors There are a lot of differences between each forex firm and the accounts they offer, so it is important to review each before making a commitment. Each company will offer different levels of services and programs along with fees above and beyond actual trading costs. Also, due to the less regulated nature of the forex market, it is important to go with a reputable company. For more information on what to look for when opening an account, read Wading Into The Currency Market. If you are not ready to open a "real money" account but want to try your hand at forex trading, read Demo Before You Dive In.

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The interest rate comes from an increased liquid potential you give the bank when you put your money in, and no matter how small the amount, the interest rate will always remain the same.

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Each line on the chart would cover a period of 5 minutes depicting the price range of your asset in 5 minutes.

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So, as we can now see, creating and maintaining a Forex trading journal is a key element to any effective Forex trading plan.