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Account set up
Jan 29, 2019 at 07:58
902 Views
11 Replies
Member Since Aug 05, 2016
19 posts
Jan 29, 2019 at 07:58
It is useful to trade with cent Accounts.
Member Since Feb 22, 2011
4573 posts
Jan 30, 2019 at 13:29
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.
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.
Member Since Aug 05, 2016
19 posts
Jan 30, 2019 at 14:46
i agree
Member Since Feb 22, 2011
4573 posts
Feb 06, 2019 at 10:01
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
Member Since Aug 05, 2016
19 posts
Feb 07, 2019 at 13:02
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.
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.
Member Since Jul 23, 2020
816 posts
Sep 06, 2021 at 15:25
Cent account is good for surviving. If you are a new trader, should try.
Oct 15, 2021 at 19:33
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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