How to Begin with Cent Account
There are many different types of trading accounts available to anyone who wants to invest in the market. Market is a highly trading leveraged market for speculating on xauusd price valuations. Traders can buy big amounts of trading units using leverage. However, trading on leverage is very risky & there are different types of trading accounts available to help traders to better manage their trading risks.
It's therefore important that the trader consider what they want to get out of their xauusd trading account, before deciding on the trading account type to open.
Cent XAUUSD Account
These xauusd trading accounts are often appropriate for a beginner trader. The risks for this trade size are low and these accounts can sometimes be registered with only a $10 dollars minimum account equity balance.
A cent account is in general used by new traders who wish to experience a real trading environment without risking a large amount of money. Cent trading accounts allows the trader to trade in cent lots. What is Cent Lot - 1 cent lot is one - tenth of a mini lot and one hundredth of a standard lot.
Cent accounts are in general best suited for account balances which are between $100 and $1,000.
