How Spread can change your trading career?
Most of the traders kick-start their trading careers by investing little money in the forex market due to some risk factors or being a novice and therefore opt to open an entry level trading accounts with a broker. However, they seem to be missing something very unique that is most probably the requisite feature of the forex market when trading on entry level accounts.
Spread, difference between the bid and ask price plays a pivotal role in deciding your position or fate in the market. It is pertinent to mention here that the closest the spread your broker is offering you on a trading account the more will be the chances to reach your desired prices and ultimately taking out profits using different trading strategies or orders levels. So, this is where you need to think wisely.

It is always smart to trade financial instruments on Standard, ECN Classic and above accounts on which no doubt you need to invest a little bit more 1000 US Dollars further vary from broker to broker but the best feature of these accounts is the tightest spread that you may ask from your broker. Some leading ECN forex brokers in the market like Uniglobe Markets offer an ECN account that requires an initial investment of 1000 US Dollars offering traders the closest spreads i.e. as low as 0.1 and giving them the best possible way to trade in the market.
Coming on to the lot sizes, for a standard trading account on a MT4 platform, minimum lot size or position that a trader may go long or short for a currency pair starts from 0.1 (10,000 units of currency pair) and similarly can be accessed maximum upto 1,00,000 units of currency pair. However, it is not wiser to open a position in the market with big lot sizes as it may wipe out your trading account’s money in an instant.