Welcome to Chidhucommodity. Here we are going to see what is mean by Forex cent account and how it will be helpful for us to trade using a small investment. To open a Live Forex cent account in Tamil nadu kindly contact us. In below video we showed of how to use the Forex cent account to trade your capital using the Ea robot. Before we get into the topic, meanwhile we suggest visiting our YouTube channel.
Types of Accounts in Forex market:
Firstly the traders should know what the types of account in forex market are. Further they can decide to trade based on the investment. There are 2 different types of trading accounts the Brokers are providing. The first one is well know Dollar account, for example if you invested 1$ the balance will be shown as 1$ in you trading account.
The second once is the Cent account.1$ of your investment will be shown as 100 cent in your trading account. Interested to make a profit by martingale strategy? If yes then the traders should have minimum of $1, 00,000. Since it is not possible for all the traders, we kindly recommend investing $1,000 and converting it into cent. If you convert $1,000 into cent you get 1, 00,000 cent.
The above video could give a clear example of how to handle you investment by using a cent account. Trader invested an amount of 790$ and booked a profit of 130$ by just 10 days. It is because of cent account. What the traders does is he invested a 790$ and converted into 79000 cent. So here the conclusion is we can divide our capital to trade even with small capital. Dividing your capital could provide a better result of your investment.