To be honest, forex trading is very hard for beginners, and it is demonstrated by some research that nearly 100% beginners failed when first started trading. Therefore, some people strongly recommend that beginners should start with forex demo account. They are also suggested practicing with this demo account several months before investing by their real money. In my opinion, I don’t think that this is a bad advice, but this is definitely not the best one. Because it is shown that the more you succeed with demo account, the more you lose with real accounts. Best forex brokers are the people who want you win with demo account so they usually offer better trading conditions for demo account, such as: lower spread, lower volatility, better execution and prices… Most forex trading beginners will become over confident when they win a lot of money from demo account. Therefore, they will think that they can handle with real account but they don’t know that real account is very different from demo account. So, they have to restart practicing with real account after several months of working with demo account. Actually, it takes time and money to learn to trade one more time. For some beginners, it even takes more time to study real trading account because of this first wrong way.
So, I really think that you should start with the right trading approach, which is using real trading account in the beginning. Besides, from my point of view, 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 make you disciplined. 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.
Why Exness Cent account is the best for forex trading beginners?
Big forex brokers usually don’t offer Cent accounts. Conversely, only small ones offer Cent account but it doesn’t mean that I recommend you to trade with this brokers. As I have said, brokers who are well-known offer better trading conditions and they are obviously more reliable. However, it is not true for Exness. It is one of the biggest retail forex brokers in the world but still offer Cent account. In order to know their trading volume, click here.
Please be aware of the fact that their report was audited by Deloitte, which is the most famous and independent audit company. So, you can obviously trust these reports. Click here to see more
Of course, beginners aren’t the people they want to target at, so they restrict the number of orders, but it’s still enough for you to practice within 1 to 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 are very famous and they have the best reputation. Click here to see more.
– Next, Exness Cent account don’t ask for minimum deposit. You can completely deposit as low as $1 or whatever you want. This is really important because most beginners don’t want to deposit too much money in the beginning. Click here to see more
– Thirdly, you can open positions at as low as 0.01 Cent or 0.0001$. You should know that this is the lowest minimum position value in the market. The lower the order’s value is, the better, because you are just a beginner and 90% chance that you will lose. The purpose of this stage is practicing. So, it can be understood that the lower the order’s value is, the more orders you can practice with. Because of this low minimum order value, you can practice from 1 – 3 months with just $10.
– Fourthly, Exness Cent account offers the highest leverage. It is true that the higher the leverage, the lower the margin. So, you will have more free margins to keep your orders open.
– Fifthly, you can deposit and withdraw from Cent account by local payment methods or by banks immediately. It’s very easy and convenient. Because you are just beginners, so the easier, the better.
– Finally, Exness will help you with local languages, which is very important for beginners because forex trading is very hard and complicated. I know that you will have loads of questions and it is lucky that only local language speaking supporters of Exness can help you to solve this problem. Moreover, Exness supports many countries in their local languages such as: China, Thailand, Vietnam, Malaysia, Saudi Arab, Iran, and English-speaking countries… So, it’s very convenient for you if you speak these languages.
How to open Exness Cent account?
You can open Exness Cent account here.
Opening Exness Cent account is very easy for everyone, all you need is to have an email and a phone number and you just need to spend less than one minute to complete registration. So, why don’t you give it a try?