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Hi, If you in australia might i suggest that you Open a Learning account with Go Markets. They offer a Nano pip volume (one tenth of a micro), and can only open a Max of 1 Mini ($10,000)
The account allows max of $500 deposit. which is equal to 20:1 at full Leverage.
this allows you to be in the market and practise but not to lose out a lot when starting.
The best Management system (Especially for noobs) is to place a Percentage risk on your account each time. (2% Max) risked with position sizing technique.
a good place to get a calculator is Babypips.com .
And to learn about the management that im talking about.
