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  1. #51
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    Micro-trading offers many advantages one of which is the fact it is particularly appropriate for individual investors who do not yet know the basics of online trading and the foreign exchange market.

  2. #52
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    ECN is the way, for professionals

  3. #53
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    In my opinion micro account is better than demo account....

  4. #54
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    You dont need micro account to start with. The best way is to establish profit on demo account for at least 3-6 months and then go on live with standard account...

  5. #55
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    A micro account caters primarily to the retail investor who seeks exposure to foreign exchange trading, but doesn't want to risk a lot of money. A micro account's smallest contract, also called a micro lot, is a preset amount of 1,000 units of currency. The minimum volume that a trader can transact is one micro lot, while the maximum volume will usually vary with the amount of equity in the account.

  6. #56
    Silver Member Array moomic999's Avatar
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    Quote Originally Posted by Siyan jheel View Post
    A micro account caters primarily to the retail investor who seeks exposure to foreign exchange trading, but doesn't want to risk a lot of money. A micro account's smallest contract, also called a micro lot, is a preset amount of 1,000 units of currency. The minimum volume that a trader can transact is one micro lot, while the maximum volume will usually vary with the amount of equity in the account.
    Yeah interesting opinion you have there. It's interesting that investopedia said the exact same thing, word for word.
    https://www.investopedia.com/terms/m/micro-account.asp

    Bark Bark! Terminator, Terminator!
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     https://www.youtube.com/watch?v=U5b92SoEGO8#t=3m18s

  7. #57
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    Quote Originally Posted by trading123 View Post
    ECN is the way, for professionals
    Yeah ECN is the best choice due to liquidity which is especially important for scalping. You have to keep transaction costs low especially if you make 200-300 trades in a day. Currently test Hotforex and results are good so far, looks like they are genuine ECN lol

  8. #58
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    Most people use a micro account to stop them from blowing off their money this way.

    You can make only a small investment, as low as $5 if you want to, and still be able to trade live. Traders mostly use it to test strategy under REAL market conditions.

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