Which type of account you will be suggest for those traders, who's investment is not more than $1000?
- Can an EA Detect Account is Cent or Standard Account ?
- I have been losing at forex since August 2008, and I still have $0 in the bank. What should I do now it has been seven years?
- For a beginner, which method you will suggest to live in the real forex market?
It really depends on the strategy used...
Cent account without a doubt. With 100$ you can manage your lotsize (and so your risk) as if you had a 10,000$ capital.
I am also supporting my friends circle to use cent account for small amount, other choice 4 digit fixed spread account.
I don't see how a 4 digit, with fixed spread broker, or an ECN broker as most answers, will help you with a low capital.
The main thing is always to protect your capital, as tiny it can be, so you need to manage your risk.
I don't see how a 4 digit, with fixed spread broker, or an ECN broker as most answers, will help you with a low capital.
The main thing is always to protect your capital, as tiny it can be, so you need to manage your risk.
I am also surprised to see the majority vote. Personally I scared with ECN account due to some difficulties and never advised to anyone.
So far I know, ECN account, starting lot 0.10, Leverage max. 1:200, Stop out call 50% or more, spread low but have to pay lot commission.
This is why I am stay far from ECN.
ECN is always the right choice
ECN is suitable for 1000$ account?
Thanks.
ECN is always the right choice
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