Forex micro Lot Traders

Hi to everybody,

i'm new at forex trading and i would like to test my self with real accounts.
The problem is, that i dont want to spend too much money testing myself.

So i would like to test myself real depositing about $100 and trading micro lots of 0.01.

The problem is, that i can't find (i'm not that good in surfing the i-net) any good and safe Online Forex Trader company offering me such things.

Would you please post me per e-mail or in this post any good
Micro Forex Traders, which you know that they are good.

Thanks alot for your help.

oanda and alpari both offer micro-lots, but i alpari's minimal deposit is 200$ i think.
you can also check ff's preferred brokers list http://www.forexfactory.com/brokers.php

If you are new, you will almost certainly lose your money. I wouldn't bother trading live for a while yet.

Thx alot for your fast answer.
I'm like trading 2 Month with demo accounts and loosing 200$ would be fine with me if i will lose em. 2Month went well with about 70bips a month, so i would like to try it with real money.

Ok, 70bips is as i think not a lot, but as i said, i'm new and learning . I made mistakes and i'm still making them, but i'm getting better hehe.


thx for help

pay a small fees to learn up something in real. No harm to get yourself immerse in a 3~4 feet water pool to learn swimming rather than just learn swimming by just watching video on TV right? :

Give Oanda a try. They are the best for small accounts.

Regards - Xaron

i think i will choose FXSolution.
They offer fix spreads don't they?
And the Software looks realy great.

Minimum Account Size: $250

Spread in EUR/USD: 3(!) Pips.

Alpari: 2 Pips
Oanda: 0.9 Pips

Don't get blended by fixed spreads. That doesn't mean anything. Some market makers widen the spread others give you requotes....

Regards - Xaron

i see .

and what do you think, is the best software to use?

That depends. I don't like Metatrader very much but that's my opinion. If you really want to start with only $100, I'd give Oanda a try. If you want to use Metatrader as charting tool, you could create a demo account with any market maker and use Oanda for placing the orders.

Actually I don't know if there are any other market makers that allow a deposit of only $100...

Just create a demo account at Oanda and play with it to see if it fits your needs.

Regards - Xaron

i think i will try oanda with demo first.
i hope they trade with micro lots

can you tell me, what there conditions for an account are or post me a link where i could read them?
margin, min account, microlot ...

http://fxtrade.oanda.com/about/about_fxtrade.shtml

You don't have micro lots at Oanda but units.

1 lot = 100,000 units
1 mini lot = 10,000 units
1 micro lot = 1,000 units

You can trade down to one(!) units, so that are micro nano lots.

The only disadvantage: There is a withdrawal fee, if you don't have a USD account. If you have one, you get one withdrawal per month for free (check and paypal).

http://fxtrade.oanda.com/fxtrade/fun...thdrawal.shtml

Regards - Xaron

hm ok i see, thx. the only problem i do have is, that i get stuck with ther java software, everytime i do something.

happend now the second time.

ivo

Hmm... For me this simple java application is a real benefit. I can start it in every internet cafe if I want to and I don't need any fancy indicators, only the naked chart.

But of course there are other options. I don't want to say that Oanda is the only possible choice. But with only $100 I don't know any other market makers who allow such a small starting deposit.

Regards - Xaron

thx alot for your help

yeah oanda sounds realy good, but i have problems with working with it because it crashes and every change take very long. is this normal?

hi, i have a question,
i saw, that the prices
oanda uses are diffrent, than the prices in for example AvaFX or MT4,
Why is that so??

Just noticed that this is a somwhat active thread at the moment. I currently use Oanda as my live account and am thus far happy with them, wish they had trailing stops though. Just have a question thought someone might be able to answer. Why are Oandas daily candles one day behind? the first closed daily candle behind the currently active one is 2 days old. Just trying to figure daily pivot points by scrolling over the previous day candle. Anyone know why this is?

Henyloc

If I'm not mistaken the price you see on your Oanda chart includes their spread. Check it out

Does oanda use MT4 ?

They didn as far as I can remeber.


Regards
Seqds

Oanda's platform can be set to show either the bid or ask price on your chart, take a look what yours is and set it to how you prefer.

Not sure if you are asking or answering someones question, which I may have missed, but no they do not use MT4 and I don't believe they intend to. You can however still use MT4 for your chart analysis and place your trades with Oanda.