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Account set up

Trademinster
Jan 29 2019 at 07:58
21 posts
It is useful to trade with cent Accounts.

Luke (ronliu27)
Jan 30 2019 at 07:54
2 posts
i dont like cent accounts
cus im trading by myself
not EA

niceGLer
Jan 30 2019 at 08:23
168 posts
Any other brokers with cent accounts than Oanda?

Ansel
Jan 30 2019 at 12:56
10 posts
Most broker allow trading in 0.01Lot . Is that good enough for you?

vontogr (togr)
Jan 30 2019 at 13:29
4862 posts
In general.
Cents account could be good for training.
Be it is the most important to find suitable broker and account.
I have wasted many good strategies that would otherwise work great just by using bad cent account with high spread and lot of slippage.
On the other hand if strategy survived even such terrible conditions it was indeed robust one.


Trademinster
Jan 30 2019 at 14:46
21 posts
niceGLer
Jan 30 2019 at 18:40
168 posts
Ansel posted:
Most broker allow trading in 0.01Lot . Is that good enough for you?


I am currently trading with microlots. That's what I need but occasionally I have been thinking of testing with nanolots.

Teejy88
Feb 06 2019 at 06:47
36 posts
I personally wouldn't use a cent account for my trading. Don't know why, just don't really like them.

vontogr (togr)
Feb 06 2019 at 10:01
4862 posts
togr posted:
In general.
Cents account could be good for training.
Be it is the most important to find suitable broker and account.
I have wasted many good strategies that would otherwise work great just by using bad cent account with high spread and lot of slippage.
On the other hand if strategy survived even such terrible conditions it was indeed robust one.



Just recently I got closed position 100 pips after stoploss :) on cent account of course

So it is good to use such shit broker to make your strategies robust
it is bad as it kills average strategies

jamesgwyther
Feb 07 2019 at 07:08
289 posts
togr posted:
togr posted:
In general.
Cents account could be good for training.
Be it is the most important to find suitable broker and account.
I have wasted many good strategies that would otherwise work great just by using bad cent account with high spread and lot of slippage.
On the other hand if strategy survived even such terrible conditions it was indeed robust one.



Just recently I got closed position 100 pips after stoploss :) on cent account of course

So it is good to use such shit broker to make your strategies robust
it is bad as it kills average strategies


Good to learn on real account for the emotions side.

vontogr (togr)
Feb 07 2019 at 12:25
4862 posts
jamesgwyther posted:
togr posted:
togr posted:
In general.
Cents account could be good for training.
Be it is the most important to find suitable broker and account.
I have wasted many good strategies that would otherwise work great just by using bad cent account with high spread and lot of slippage.
On the other hand if strategy survived even such terrible conditions it was indeed robust one.



Just recently I got closed position 100 pips after stoploss :) on cent account of course

So it is good to use such shit broker to make your strategies robust
it is bad as it kills average strategies


Good to learn on real account for the emotions side.


Yes indeed. Trading on demo is much different in terms of emotions

Trademinster
Feb 07 2019 at 13:02
21 posts
Example.

you have 1000USD on a standard account

and 1000 USD = 10.000 Cent on a Cent account.

if you set your EA with the same settings you will have a much lower DD . Mor Margin and most likely the cent Account will survive in a worst case scenario.


Tremblay
Jul 05 2021 at 06:15
330 posts
Trademinster posted:
Example.

you have 1000USD on a standard account

and 1000 USD = 10.000 Cent on a Cent account.

if you set your EA with the same settings you will have a much lower DD . Mor Margin and most likely the cent Account will survive in a worst case scenario.


Proper planning is very important to survive in this risky market.

LyudmilLukanov
Sep 06 2021 at 15:25
733 posts
Cent account is good for surviving. If you are a new trader, should try.

RobSchiz
Sep 24 2021 at 20:15
530 posts
LyudmilLukanov posted:
Cent account is good for surviving. If you are a new trader, should try.

Yes. every new trader should try it.

Shalinara
Oct 15 2021 at 19:33
19 posts
Cents account can be a bit confusing I guess. For me, personally, it's much more convenient to trade trditionally with dollars account. Nevertheless, you're not restricted in such ability and if your broker permits trading on a cent account, then you can do it. The maind idea here is to provide you with all conveniences in order to let you be concentrated on trading activity. I think that every trader has a right to trade whatever he/she wants it. To my mind, brokers also should be quite responsible in this case and offer traders a variety of options towards account choices. You're right, that everybody trades according to his/her personal wishes.

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