I have to say that forex trading is very complex for beginners. Some researches even illustrated that most of the beginners lost when they started trading for the first time. That’s the reason why forex trading beginners were recommended to start with forex demo account and practice with it many times before investing real money. From my point of view, I don’t say this is a wrong thing, but I think this isn’t the best way. Because some researches showed that: the more you win with demo account, the more you lose with real accounts. Because brokers want you win with demo account. That’s the reason 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. However, they should know the fact that real account is very different from demo one. So, it will be better if after several months of practicing with demo account, they have to continue practicing with real account again. It takes time and money to learn to trade again. For some beginners, it takes more time to study real trading account because of this first wrong approach.
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Thus, in my opinion, I highly recommend that you should start the right trading approach, which is starting real trading account from the beginning. And after many years of trading, I have to admit that Cent account is the best real trading account for beginners because of some following reasons:
– Cent account is not similar to other accounts, it is a real account. In other words, trading Cent account means you are trading in real trading conditions: real spread, real prices, real volatility, slippage… So, once you win with Cent account, you can win with other kinds of real account.
– It can’t be denied that when you trade with Cent account, you will be more disciplined. Because if you don’t follow risk management, you will lose all of your money instantly.
– Cent account is actually the best account for beginners because you are trading Cent Dollars. You can deposit 10$ and get 1000 USC later in your account. From this 1000 USC, you can open hundreds of orders to practice trading. And because this is a real account, you can withdraw all your money and profit whenever you want. Actually, you may lose your 10$ deposit. However, 10$ is not a big deal, you can waste this amount of money to practice 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 enhance your trading ability faster.
Why do I believe that Exness Cent account is the best for forex trading beginners?
Big forex brokers usually don’t offer Cent accounts. In contrast, only small ones offer Cent account but it doesn’t mean that I recommend you trade with this brokers. As I have told you before, brokers who are famous offer better trading conditions and they are obviously more reliable. However, Exness doesn’t follow this rule. They are one of the biggest retail forex brokers in the world and still offer Cent account.
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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.
Of course, beginners aren’t the audiences 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.
– Next, Exness Cent account don’t ask for minimum deposit. You can completely deposit as low as $1 or whatever you want. This is really important because most beginners don’t want to deposit too much money in the beginning.
– Thirdly, you can open positions at as low as 0.01 Cent or 0.0001$. 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.
– Last but not least, 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 a lot of questions and it is lucky that only local language speaking supporters of Exness can help you to handle this problem. Moreover, Exness support many countries in their local languages such as: China, Thailand, Vietnam, Malaysia, Saudi Arab, Iran, and English-speaking countries… So, it’s very good for you if you speak these languages.
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How to open Exness Cent account?
You can open Exness Cent account on their website. The way to open Exness Cent account is very easy for everyone. All you need is an email and a phone number. One more important thing that you just need to spend less than one minute to complete registration.