Mini account for newbie is ideal

[Decub]

As a way to start up and practice, a newbie can start up with the mini or cent account. It doesn't in any way prevent him from doing anything and that is also the more reason he needs a place to learn about how to control his account and as well control the way he trades before going fully to the real account.

[Stekin]

Mini account for newbie is real. If you are trading in the mini account and you are losing, you will know very well whether you are losing big or small because of your knowledge and the reason why the mini account is good is because when you are losing, it is only a small amount of money that you will lose and you can be able to correct future anomalies and this helps you prevent so many things.

[pepy]

I think that is because of lower lot size that mini account offered compared to the standard account where you need to trade with bigger amount of money and that is not good for them who just start their trading like newbie, with lower lot size and the nature of mini account they could survive or trying to adapt better.

[Decub]

Those who are emotional will always be emotional not minding the kind of place they find themselves. Even though the investment in mini accounts is small, it really doesn't stop someone who sees it as his best place for investment from seeing it that way because Forex as a business is something that requires you to understand the risks in it.

[pepy]

First, imagine a newbie that cannot control their emotion, they will lose and mini account is good for them. Just say that newbie has big cash in his/her hand, i am sure with use mini account he/she will spend it in smaller amount thus helping them lowering the risk.

[myregister]

@sidejob : Your example is good enough, i think most of people would understand what you want to say here. Newbie tend to be emotional and reckless without thinking first. Losing here would be finer compared to losing their money in standard account, with higher margin requirement on standard account and higher lot a trader's loss for sure is big.

[pepy]

Talking about idealism, i think that newbie account or mini account still a good account not just for newbie but for everyone, lower lot and sometimes accompanied with lower leverage make a trader able to trade with just lower risk it also helps them a lot to control emotion and keep learning.

[myregister]

@sidejob: This thread is valid then, well not just for newbie because big traders can invest small sum of money directly from their pocket to this mini account. But the one that would get much more benefit for sure newbie. Small starting capital, quite high leverage, and smaller lot size are the characteristic of this account and it matches with newbies

[pepy]

Of couse this thread is total valid for us, newbie is ideal when they use mini account. Mini account offers reachable lot size like micro lot which actually many newbie can afford because of their small capital. As long as newbie able to manage their risk then they will be able to survive with this account.

[myregister]

Of couse this thread is total valid for us, newbie is ideal when they use mini account. Mini account offers reachable lot size like micro lot which actually many newbie can afford because of their small capital. As long as newbie able to manage their risk then they will be able to survive with this account.

Mini account with its low minimum deposit is pretty good idea and according to me it will give a newbie more flexibility to trade and the most important one mini account will attract newbies attention. Micro lot size is pretty good idea offered by lots of brokers out there, so we can still trade with tiny capital.

[Irina Malcova]

To practice in a real account is indeed better dnegna small capital, where learning to manage capital should begin from that little much better so there is practice raising capital in a way that has been owned, so when managing large capital being accustomed to

 

 

 

[pepy]

 

To practice in a real account is indeed better dnegna small capital, where learning to manage capital should begin from that little much better so there is practice raising capital in a way that has been owned, so when managing large capital being accustomed to

Yes you mean with small capital, right? That is good if you have small capital but you cannot make much and your earning through forex won't be much effective compared to when you have a lot of capital in your account where you can grab bigger lot size and make much money from it. But for newbie, mini account still good for them.

[uncle gober]

little or much capital is important, but the important thing is to focus on how we can manage trading in a good and right way. because it will be useless if we join the forex trading with large capital but less good management.

[gaban]

We are in the running forex trading is important where we should be prepared with everything to improve the ability of good trading. Businesses that are very big risk, will not be able to succeed if traders who do not have the skills of trading ability. So try to learn with us take advantage of demo account to practice good trading on the run

[uncle gober]

I really agree with that. because it is very important for traders to be better and more leverage in improving their trading skills, it will be necessary for traders to become better to survive in real forex trading account.

[Sininfinity]

 

little or much capital is important, but the important thing is to focus on how we can manage trading in a good and right way. because it will be useless if we join the forex trading with large capital but less good management.

 

You pointed out a good thing. It won't matter how much capital we have if we can not keep that to our account. So before we think about investing money we better be ready for any outcome. And in the process a small testing amount would not be a such a bad idea.

[uncle gober]

little or much capital is important, but the important thing is to focus on how we can manage trading in a good and right way. because it will be useless if we join the forex trading with large capital but less good management

[gaban]

little or much capital is important, but the important thing is to focus on how we can manage trading in a good and right way. because it will be useless if we join the forex trading with large capital but less good management

all we have to control well, because as long as the ability and effort we better understand it will be very easy for us to understand every obstacle and risk properly, so trying to the maximum possible that should be able to do well for us later plunge with real trading easy to manage trading account and can survive in forex by bringing the benefits

[uncle gober]

good self-control must also be owned by the trader. traders should be able to have a good level of patience and strong mental, it is necessary for traders to be better in controlling the existing emotions in the trading system it has.

[gaban]

 

good self-control must also be owned by the trader. traders should be able to have a good level of patience and strong mental, it is necessary for traders to be better in controlling the existing emotions in the trading system it has.

 

For that emotion we have things to be managed well, because with that emotion we will destroy more everything, which is good trader for routine where in learning in level of trading ability. Forex trading is probably not an instant thing, but a very big risk business. Traders to always be routine in learning which makes it easy to run good trading

[uncle gober]

very well, the emotions that we have indeed have to be managed as well as possible especially when it is running trading activities in real account, that's why a tarder will need a good level of patience and a strong mental in order to continue to stay in the forex.

[gaban]

very well, the emotions that we have indeed have to be managed as well as possible especially when it is running trading activities in real account, that's why a tarder will need a good level of patience and a strong mental in order to continue to stay in the forex.

Emotion is what we have to control well, because maybe that emotion will be more destructive of everything. And so I with instaforex to in the stage where to learn in advance with discipline, increase the ability in good trading management to later understand the more profitable trading performance

[uncle gober]

because as a trader we will really need a strong level of patience and mental, it will be needed by traders to be better and more leverage in managing the emotional that we have especially when we are running trading activities in real accounts.

[gaban]

 

because as a trader we will really need a strong level of patience and mental, it will be needed by traders to be better and more leverage in managing the emotional that we have especially when we are running trading activities in real accounts.

 

To jump in the forex business, traders must be in the stage of stages of preparation and readiness. Forex business with a large available risk. So it is necessary to keep up with the ability to understand the better and profitable trading management. As we learn there will be results we can get.

[uncle gober]

I really agree with that. a good understanding should be done by the trader before going to actually trading by using a real account, therefore traders should be able to maximize more in utilizing the Tickmill demo account as a place to practice and learn.