micro or cent account?

[charlotte_daily]

Is trading on a micro or penny account recommended?

 

[maxinger]

micro - very small
nano - very small
penny - very small
cent - very small



Assuming you have passed the demo trading ...

None of the above accounts is suitable
if the trading loss is painless for you.

 

[TheDawn]

Is trading on a micro or penny account recommended?

Maybe try it in the beginning when transitioning from demo trading to real trading because after all not everything can be tested out in demo trading but don't dwell too long in micro trading. Once you get the hang of real trading and your trading strategy has proven to be profitable, I would suggest you trade in normal size account. You can again start small but no longer in micro size.

 

[virtusa]

Is trading on a micro or penny account recommended?

Depends on what you trade.
Stocks, futures, options, forex???
For futures traders is always recommend to start with micro (MES, MNQ...).

 

[traider]

penny account trading on penny stocks
makes sense

 

[rb7]

Is trading on a micro or penny account recommended?

What the hell is a penny account???

Like an account with less than 1 dollar??

 

[charlotte_daily]

Maybe try it in the beginning when transitioning from demo trading to real trading because after all not everything can be tested out in demo trading but don't dwell too long in micro trading. Once you get the hang of real trading and your trading strategy has proven to be profitable, I would suggest you trade in normal size account. You can again start small but no longer in micro size.

Thank you for the advice, I wasn't sure whether I start with normal accounts or micro accounts, I didn't want to jump from demo to real and lose everything.

 

[Junos]

Micro or Cent account is recommended instead of the demo account. It will give you the feeling of losing real money and at the same time you won’t be able to lose a lot.
Otherwise I don’t see a big sense in them.