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Which is the best account for a beginner and why? I am confused between the cent, micro and standard account.
Asked by Efrain A. on 9/7/2024
2 Answers
Vicente F.9/9/2024
I understand your confuson and I would recommend the Cent account for a beginner. My reasons are listed below:
1. No minimum deposits
2. Spreads are low with no commissions
3. No requotes
4. Swap free option
To avoid these problems, trading goals and instruments should be determined to also help with decisions.
1. No minimum deposits
2. Spreads are low with no commissions
3. No requotes
4. Swap free option
To avoid these problems, trading goals and instruments should be determined to also help with decisions.
Rayan V.9/8/2024
Oh, it seems you're a total noob according to your question. Welcome to the trading industry and I would like to congratulate you with the right decision to start earning money on financial markets.
If you have never traded before, then I would definitely recommend to you to use a cent trading account because it is a good opportunity to trade with a small amount of money and real conditions. You can find out how exactly everything works on the forex market and it is a good opportunity to hone your trading skills and implement different strategies. You are losing not much but learning a lot!
If you have never traded before, then I would definitely recommend to you to use a cent trading account because it is a good opportunity to trade with a small amount of money and real conditions. You can find out how exactly everything works on the forex market and it is a good opportunity to hone your trading skills and implement different strategies. You are losing not much but learning a lot!
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