micro or cent account?

Discussion in 'Trading' started by charlotte_daily, Jul 3, 2023.

  1. Is trading on a micro or penny account recommended?
     
  2. maxinger

    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.
     
    Last edited: Jul 3, 2023
  3. TheDawn

    TheDawn

    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.
     
    Nobert likes this.
  4. virtusa

    virtusa

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

    traider

    penny account trading on penny stocks
    makes sense
     
  6. rb7

    rb7

    What the hell is a penny account???

    Like an account with less than 1 dollar??
     
  7. 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.
     
  8. Junos

    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.