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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
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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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    Demo acconts are good for understanding platform you are trading on. If you want to put your real money on line, you need to know more than just a platform. I will suggest have some strategies, back test them in different market situations. Have proper trading plan (stop loss, profit target, etc). Also don't bet more than 5% (higher end, lower will be better) on one trade. Stick to your plan, don't get greedy and maintain your fear. also try to keep 2:1 or 3:1 for your profit target/stop loss.

    Hope this helps, these are just guidelines, once you get in to water, you can tweak your swimming style

  9. #59
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    I'm a beginner, and I find micro accounts the best way to experience live trades with minimum risks and the invested capital is also lower than other normal trades.

  10. #60
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    If you are a beginner venturing into forex for the first time, then the micro account is the best for live trades because it has lower risk involved and gives beginners to experience live trades.

    For traders looking for higher profits, I suggest moving to a high account with leverage of 500:1 for better profits.

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