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  1. #1
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    is micro account the best way?

    Hi Guys,
    i heard that micro accounts can "simulate" a real bigger "standard" account, as in micro account are in cents, which for example 100usd would be 10,000 cents. and i read somewhere that it is a good way to simulate a 10k usd account for example.

    is it really wise to do so? or the micro would be exposed to greater risk in some way of getting margin call etc?

  2. #2
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    Re: is micro account the best way?

    Hi

    If You just starting in trading - first try trading on demo account and than try yourself on real account - and micro (mini) account it the best for this thing - I use oanda because I can set there as much unit as I want (e.g. 500 units)
    In my opinion this is great if You could try this type of trading because You will see Your decisions under pressure and emotions
    and account with cents is great for start

    Regards

  3. #3
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    Re: is micro account the best way?

    Micro accounts price feed probably still somewhat differs from standard accounts. But it's a step forward from demo trading.

  4. #4
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    Re: is micro account the best way?

    I use micro accounts with small mini lots I can trade live and build my account. Tradings changes from demo to live. In demo the aspects of emotion is not so much present. But when you start trading live then the emotional aspect kicks in... thus live trading is a must and therefore start with mini account. If you are profiting then you trader larger amounts is easier.

  5. #5
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    Re: is micro account the best way?

    Yes...i prefer micro account insteaded of demo account, because if you trade demo ....you will trade without complete rule.....emosi and MM

  6. #6
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    Re: is micro account the best way?

    Start using a micro account, you can open one starting from 50 or 100 usd.

    Demo account are very different from real account!!

    After some month if your strategy is rock solid you can open a standard account!

    Happy pips

  7. #7
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    Re: is micro account the best way?

    micro account is the best way for martiangle strategy especially for multiple currency

  8. #8
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    Re: is micro account the best way?

    For testing EAs, especially scalpers, a live account is a must. Things like context busy messages generally don't occur on demo.


    Quote Originally Posted by sutanto
    micro account is the best way for martiangle strategy especially for multiple currency
    I learned the hard way that you have to be VERY careful with martingale even on a micro account. Through my own ****** mistakes (failed to watch news and traded too many pairs at once) I lost $600 of a $750 account balance in a week. My initial deposit was only $250 and I chalk it up a really important learning experience.

  9. #9
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    Re: is micro account the best way?

    Micro account is excellent during the trade strategy improvement period.
    I suggest to open more micro accounts and compare the trades in all of your accounts (e.g. compare trade after news release or during volatile period).
    The real account should be opened according the comparation results.

  10. #10
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    Re: is micro account the best way?

    I should try my strategies in mini account. actually ibfx offer "nano account" and mini account . nano starts at 100 $ and mini from 1000 $ . so i got 500 i dont know which way to go . it should be nano

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