Forex trading is very complicated for beginners, and some research showed that over 90% beginners lost when first started trading. That’s why most of forex trading beginners were recommended to start with forex demo account. They also were recommended to practice with demo account some months before investing real money. I don’t say this is a wrong advises, but I think this isn’t the best practice. Because some research showed that: the more you win with demo account, the more you lose with real accounts. Because the best forex brokers want you win with demo account. That’s why they offer better trading conditions for demo account, such as: lower spread, lower volatility, better execution and prices… Most forex trading beginners will be over confident after they won a lot of money from demo account. They will think that they are very talented and can win with real account. But they didn’t know that real account is very different from demo account. So, it means after several months of practicing with demo account, they have to re-start practicing with real account again. It takes time and money to learn trading again. For some beginners, it takes more time to study real trading account because of this first wrong approach.
So, I highly recommend that you should start the right trading approach, which is starting real trading account in the beginning. And Cent account is the best real trading account for beginners because:
– Cent account is a real account. So, trading Cent account means you are trading in real trading conditions: real spread, real prices, real volatility, slippage… So, if you win with Cent account, you can win with other real account types.
– Trading Cent account will build your discipline. Because if you don’t follow risk management, you will lose all of your fund instantly.
– Cent account is the best account for beginners because you are trading Cent Dollars. You can deposit 10$ and get 1000 USC in your account. For this 1000 USC, you can open hundreds of orders to practice trading. This is a real account so you can withdraw all your money and profit whenever you want. You may lose all your 10$ deposit. But it’s just 10$, which is enough for practicing for a month. This low studying cost can help you practice trading in real trading conditions. Moreover, because you are trading your real money, so you tend to study harder to improve your trading ability faster.
As usual, large forex brokers don’t offer Cent accounts. Only small brokers offer Cent account. Of course, I don’t recommend you trade with small brokers. As I have told you many times, larger brokers offer better trading conditions and they are more reliable. However, Exness is different. They are one of the biggest retail forex brokers on the earth who still offers Cent account. You can check their trading volume here.
Please know that, their report was audited by Deloitte. This is the most famous and independent audit company. So, you can trust these reports.
Of course, beginners aren’t their target audiences, so they limit the number of orders, but it’s still enough for you to practice 1 – 2 month with the best broker and best trading conditions. I will show you why Exness’ Cent account is the best for you:
– The first reason is: Exness is the biggest retail forex broker. So, they get the best reputation.
– Secondly, Exness Cent account don’t require minimum deposit. You can deposit as low as $1 or whatever you want. This is important because most beginners don’t want to deposit too much.
– Thirdly, you can open positions at as low as 0.01 Lot Cent or 0.0001 Lot USD. This is the lowest minimum position value in the market. The lower the order’s value is, the better, because you are a beginner, 90% chance that you will lose. The purpose of this stage is practicing. So, the lower the order’s value is, the more orders you can practice. Because of this low minimum order value, you can practice from 1 – 3 months for just $10.
– Fourthly, Exness Cent account offers the highest leverage. The higher the leverage, the lower the margin. So, you will have more free margins to keep your orders open. Learn more about Exness leverage.
– Fifthly, you can deposit and withdraw from Cent account by local payment methods or banks instantly. It’s very easy and convenient. Because you are just beginners, so the easier, the better.
– Finally, Exness will support you by local languages, which is very important for beginners. Forex trading is very complicated. I’m sure that you will have a lot of questions that only local language speaking supporters can help you. Exness supports many countries in their local languages such as: China, Thailand, Vietnam, Malaysia, Saudi Arab, and English-speaking countries… So, it’s very convenient for you if you speak these languages.
To open Cent account, you just need one email and a phone number. It’s very easy and it takes you just less than one minute to complete registration. How to open an Exness account.