Xlence
Questions & Answers

Well, choosing an essential account will be the most suitable choice for you taking into consideration your trading experience. There are no supers conditions like tight spreads or things like that but as a starting point it suits all beginners perfectly. And regarding the asset, if I were you I would have started trading XAAUSD and EUR/USD, two most basic assets in the financial world with a huge market capitalization and technical analysis always works exactly according to your prediction, at least in most cases unlike you would trade other assets.

As soon as you open the account with xlence, you will get the essential one, and i think that one is more than enough for you in the beginning. There is no need for you to run after the low fees, the essential account has competitive ones already. However, if you don’t want to risk money at all, you can open a demo account and learn trading there without any risk to your trading balance. It replicates the live trading environment, but with virtual funds, not yours. It’s great for beginners to kick things off…

When it comes to the market, i would recommend you to get more familiar with the forex market, as for the asset, just trade the major fx pairs such as eur/usd, usd/gbp and etc. It’s one of the most popular markets out there, and you can find tons of trading strategies, breakdowns, and education online.