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Use a Micro Forex Account

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Noviarini

Trading instructors often recommend that you open a micro forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
Trading small will allow you to put some money on the line, but expose yourself to very small losses if you make mistakes or enter into losing trades. This will teach you far more than anything that you can read on a site, book, or forex trading forum and gives an entirely new angle to anything that you'll learn while trading on a demo account.



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#1 - February 05, 2019, 03:32:21 AM
« Last Edit: August 04, 2024, 11:43:29 PM by Admin »

Rudi

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yes, it's true that using our micro account is more flexible for trading because micro accounts are very small and also easy to find lots of lots, micro accounts are often used by traders with small capital of around $ 10 to $ 100 because this micro account is an economical account for middle-class traders
#2 - February 05, 2019, 12:07:18 PM

Tahajud

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in my opinion using a micro account is a bit of a waste of time, because after we have been able to get away and successfully learn and practice on a demo account, you should immediately use a real standard account, so that we mentally and psychologically trained and accustomed, so that this can accelerate our process



#3 - February 06, 2019, 06:22:24 AM

Rendy94

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until now I am still confused about the difference between a micro account and a cent account. and determining the standard lot 0.01 is equal to how many cent accounts or micro lots?
#4 - February 06, 2019, 06:30:37 AM

ariezz

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Quote from: Noviarini on February 05, 2019, 03:32:21 AM
Trading instructors often recommend that you open a micro forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
I agree, micro accounts also allow us to make small deposits, trading with large leverage and suitable for novice traders. But one thing to keep in mind is that in trading the risk level remains with the trader itself not from the type of account.
#5 - February 07, 2019, 08:24:42 AM
« Last Edit: March 03, 2020, 10:40:41 AM by Mikser »

Black_Koujee

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Quote from: Rendy94 on February 06, 2019, 06:30:37 AM
until now I am still confused about the difference between a micro account and a cent account. and determining the standard lot 0.01 is equal to how many cent accounts or micro lots?
So far I still don't really understand the difference between cent accounts and micro accounts.
Can anyone explain it to me?
#6 - February 08, 2019, 09:46:32 AM

Sahal Ma'sum

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Quote from: Black_Koujee on February 08, 2019, 09:46:32 AM
So far I still don't really understand the difference between cent accounts and micro accounts.
Can anyone explain it to me?
I also don't really understand it, maybe some of you want to help us understand it
#7 - February 08, 2019, 10:02:40 AM

Kirinkato

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Quote from: Noviarini on February 05, 2019, 03:32:21 AM
Trading instructors often recommend that you open a micro forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
I agree with what you say. it's better to use a micro account than on a demo account to train our trading.
#8 - February 08, 2019, 01:28:31 PM
« Last Edit: March 03, 2020, 10:42:19 AM by Mikser »

zhamal andreal

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Quote from: Noviarini on February 05, 2019, 03:32:21 AM
Trading instructors often recommend that you open a micro forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
I have read your suggestions and I strongly agree, because one has to open an account according to the capital, and if the capital is small using a micro account and if the capital is already hundreds of usd it is better to use a standard account, because to be successful in the account must also be noticed.
#9 - February 08, 2019, 03:21:54 PM
« Last Edit: March 03, 2020, 10:42:32 AM by Mikser »

turtlegain

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Quote from: Noviarini on February 05, 2019, 03:32:21 AM
Trading instructors often recommend that you open a micro forex trading account or an account with a variable-trade-size broker that will allow you to make small trades.
really, bro, the micro risk account is smaller than the standard, because using different size contrax, the cent account is safer because 10000 times smaller ...

all the traders return to themselves, they want to gamble or learn from micro engineering
#10 - February 09, 2019, 05:01:45 AM
« Last Edit: March 03, 2020, 10:42:44 AM by Mikser »

Bintang

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For me, trading with a small value can indeed help us who have little capital, but what you say is true, it has a small level of profit, but also, behind that sometimes we often fall asleep with that small trading system, we often forget about risk management, trading management where we will feel lighter, even though it can become a hunerang for us because we often underestimate. Also supported by the presence of large laverage. This is really a trap for those of us who have forgotten management in playing trading ..
#11 - February 09, 2019, 05:16:51 AM

Ariyudin

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Quote from: Tahajud on February 06, 2019, 06:22:24 AM
in my opinion using a micro account is a bit of a waste of time,
I think to learn in an account demo is just a technique with the trading system but to practice mentally it takes practice in a real account I think micro accounts are better than jumping into bigger capital.
#12 - February 09, 2019, 05:56:42 AM
« Last Edit: March 03, 2020, 01:46:50 PM by Mikser »

aizafx

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Micro account very suitable for the retail trader and also beginner trader, this is one advantage forex trading right now if not always small trader can't start trading, with micro account we can start even with 1$, but indeed this is not sufficient amount capital to start trading, so this type account is very good and help for small or poor trader that only having small capital
#13 - February 09, 2019, 06:22:47 AM

Peterix

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In my opinion, a micro account is more suitable to use if we are already proficient in trading on a demo account or it could be the first account for us to practice trading on a real account.
#14 - March 02, 2020, 04:35:31 PM

Khoirul

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the use of a micro account is perfect for novice traders who still don't have the capital and confidence to trade on a real standard account, besides that a micro account is quite safe because it can deposit in small amounts.
#15 - March 03, 2020, 09:59:26 AM
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