Beginning with a micro account does not mean that you can skip the demo stage. It’s very important to start to know both of your system and your broker’s platform in demo mode prior to going live. This means that any loss is probably going to have a big impact. So you want a system that only makes tiny losses. Don’t select a system with a very high win rate because it is probable the losses, when they do happen, will be heavy. This could wipe out a trader using maximum leverage in a micro account. Naturally, no currency exchange system is totally predictable, but statistically a small account balance will have a better chance of surviving that way.
Once you are making steady profits with a micro account you can steadily add more funds to your balance and increase the number of lots that you commit in each trade, until at last you are prepared to go to a mini currency exchange lot size which is 10 times bigger. Used in this way, a micro currency exchange account could be the best way to get started with noob fx trading..
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