Switch to a cent account.

If you've successfully mastered all the technical aspects of trading on a demo account, it's time to move on to trading with real money. Don't linger on the demo account for too long, as this can only harm your understanding of the forex market.

Working on a real account will help you develop a feel for the market, teach you to manage your emotions, and resist psychological pressure.

Obviously, you shouldn't start your trading career with multi-million dollar trades right away—such experiments often end in failure. A cent account is specifically designed for beginners.

brokers offer the opportunity to trade on a cent account , although reputable brokerage firms have recently also launched similar platforms.

A cent account is like trading with real money, but everything is scaled down by a factor of 100: 1 lot is now equivalent to 1,000 units, not 100,000. The deposit is also calculated in cents, not whole units.

The advantages of this approach are obvious: with just $10 and 1:100 leverage, you can open a trade of 1 micro lot.

Furthermore, trading on a cent account is a good opportunity to test the stability of your broker's terminal and how quickly orders are executed.

Despite the small amounts, micro accounts are typically traded with deposits of $10 to $100. You'll already start making money and gain an understanding of the importance of psychological factors in Forex trading.

Beginners often ask: is it possible to make money on a cent account?

Yes, it is possible, if you use high leverage and scalp , but then the whole point of using this type of account is lost. After all, if your trading volumes exceed 10,000, it’s better to use a standard account with more favorable trading conditions.