Hi there,
I wish to demo my strategy before going live.
As I do not want to put too many eggs in my Fx account "basket", I am planning to open a "cent" account.
From what I understood, these micro accounts allow for trading with 100x what is deposited. Ex: I make a 100USD deposit, considered as a 10.000 US cent account. This allows for trading with1 or 10 US cent / pip, depending on the broker.
Yet, I couldn't find any "cent" account for demo.
So here is my question. If I plan to trade with a 500USD "cent" account, I would in fact trade with a 50.000 UScent account.
Could I use a 50.000 USD demo account as a good mirror of my future 50.000 UScent account??
thanks!
I wish to demo my strategy before going live.
As I do not want to put too many eggs in my Fx account "basket", I am planning to open a "cent" account.
From what I understood, these micro accounts allow for trading with 100x what is deposited. Ex: I make a 100USD deposit, considered as a 10.000 US cent account. This allows for trading with1 or 10 US cent / pip, depending on the broker.
Yet, I couldn't find any "cent" account for demo.
So here is my question. If I plan to trade with a 500USD "cent" account, I would in fact trade with a 50.000 UScent account.
Could I use a 50.000 USD demo account as a good mirror of my future 50.000 UScent account??
thanks!
Slow & steady