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Thread: demo account Vs cent account

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    Default demo account Vs cent account

    Cent accounts are also allowed by many forex brokers where trader can unveil actual market conditions with the trading of smaller amount of investment. But if anyone tries to compare which one is effective, demo or Cent, in learning process then one must recognize the fact that both have different objectives. Such as: demo trading account is the tool which can help you to get experience regarding trading world and you can access to the artificial money trading as real account.
    Thereby learning is easier here with no tension of losing capital. But Cent account related to real money trading. Thereby it will not be a favorable one for only learning purpose. There will be fear of losing money with Cent account.

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    When looking for the best broker, first of all, we the traders have to ensure their trading spreads, because the spreads can affect the result of our trading with certainly. I am using BPRIMES, they offer lowest trading spreads which is very supportive to make a profit with certainly by using any kinds of trading techniques. The forex market has also spread like all business market. It plays an important role in determining the profit of your forex trade and your brokers.

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    If you believe the proverb “no pain, no gain” then you can take risk with higher leverage and having a big deal. But, also with risk management system you can reduce your risk percentage. And to get profitable with your trades you should join FXLinked. Risk is not necessary in forex, but it will come anyhow whether you want it or not. Though it is not so important to take risk but taking risk with your trade teach you many things in forex business.
    Last edited by Angel Adams; 2019-04-18 at 01:54 AM.

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    In my small trading career I have got the best and active broker Forex4you. They always support me with their best effort. I never had seen any honest broker like them before. I know in Forex market there are many scam brokers and they don’t have trading license so for the new traders my suggestion is to choose this broker. Because they have secure trading funds, various and suitable trading accounts etc.

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    There are paid courses available online and free courses are also available to follow.

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    You cannot think of Forex without a supportive trading broker. After selecting a broker, starting trading is not everything rather a trader should keep earning more and more knowledge. And never search for any short-cut because initially you need to extend your knowledge.

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    Never yield yourself to emotion because it inspires a trader to commit wrong things. Professional traders are out of these types of qualities because they know well that these qualities are harmful for a trader. An emotional trader can never profit from the market.

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    In Forex there are some mandatory things we the traders always have to observe, if we want to ensure a successful trading life. The first thing, acquiring proper trading knowledge by learning. for that reason we can choose a broker which at all times make sure best trading environment for acquiring proper trading knowledge by providing exclusive educational facilities . it would be great to be a knowledgeable trader rapidly.

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    For consistent profit, try to have reliable and proven trading strategy, better trading knowledge, and sufficient patience. If you stick to only one strategy, you can’t generate strong signal. Eurotrader provides low trading spread in most of their trading pairs. And a trader can be highly benefited by this.

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    If you are new, demo trading is a must, and it's for six months at least, but once you complete demo trading, you have to start cent account trading. You can choose FreshForex broker, as they are reliable and give 300% deposit bonuses.

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