100% true! Losses can sometimes make you negative. But this is the time when you have to stay strong and accept them positively. Traders should try to find a lesson in their losses.
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Yes, of course. They are quite useful for getting experience. You won’t lose much and won’t even make much. Moreover, you can get exactly the same experience of emotions involved in real trading by trading with a micro account instead of a big account.
Traders must learn to manage their stress levels if they want to stay for long in the market. In case of a loss, one can take a break to figure out what went wrong.
A micro account is a great way of training yourself at minimal cost. Demo trading is also good but is ineffective for actual trading. You can just get familiar with the trading platforms. This is the reason why I demo traded for around 2 weeks with fxview and forexcom and then opened my micro accounts with them for actual trading experience. Had I used a bigger account, I would have definitely gone bankrupt or something.
If you are just starting your career as a trader, it is better to start with baby steps. You can deposit a thousand dollars in the beginning just to see it go down the drain. That’s why you have micro accounts to stop you from blowing your money this way.
I think beginners should, without any doubt, opt for micro accounts after trading through demo accounts. They still have to learn first once they are in live markets and should start with low deposits only. Like I started with few hundreds on instaforex and today I’ve come a long way man!
You can try meditating to keep your mind stable and at peace. This way you will be able to handle profits and losses, normally.
A micro account is the best way for a beginner to gain more experience in live trading, and there are minimum risks and loss involved in it. Mini account has lower benefits, and most brokers do not provide mini accounts.
Traders should analyse their previous trades and figure out where they went wrong or what led them to do good. You can do technical analysis of currency pairs through Pepperstone as you are getting access to MT4 and MT5 without paying any extra penny for that. Also fxview is swell for that, and also for its tie-up with myfxbook, which I use for recording my trades.
I don’t know why people don’t want to spend some extra dough on commissions. Like what’s wrong in getting good services in return.
Micro has even lesser benefits than mini, isn’t it?
Because giving extra money for those features which you can easily get on low fees, is not something many people will prefer. This might happen if you are ready to sponsor some of us. 
I go by every word you said! You don’t always have to pay extra for what you need. There are many other brokers that offer what you need at low fees. Loyalty is one thing and to take advantage is another. Out of these two, most people would choose taking advantage for sure.
Micro trading can be an effective way of speculating on the currency pairs. But if you think that you will also be able to make profits, then it is not going to happen because brokers pay a specific rate if your positions remain open, apart from outside of the market opening times. I keep speculating on different currency pairs using my micro accounts with Oanda and XTB and when I see something that I can take advantage of, I switch to larger accounts.
Gradually work your way up to trading for big money. When I am using a new system, if I go 20 trades with 1 or no mistakes, I increase the size and if I make more mistakes, I decrease it.
I think micro accounts are a great way of mastering your emotions, losses, drawdowns, strategy, risk-sizing. I like the idea of having a lot of trades without having any kind of serious drawdown.
You won’t reach your goal by jumping to the top. You will have to take steps to move ahead. A standard account is like jumping high while trying to reach the top. By doing this you will only hurt yourself. But micro accounts are the little steps that you take to reach your goal that has better chances of making you a profitable trader.
When trading with micro accounts, you experience the same set of emotional swings that a live account generates. ■■■■■■’s micro account helped me understand what I am capable of doing. After somewhat gaining the knowledge and conditioning I needed for a better chance at winning in the forex market, I grew my account size to improve results and get closer to profitability with ■■■■■■. As my knowledge, skills, and experience grew, I created new accounts with pepperstone and etoro and moved step by step. These all are the steps I swear by and wouldn’t suggest anybody to do otherwise. There are really no shortcuts for profits in the market.
Well, yes. Losses are part of trading. We should know how to manage it along with our emotions. That is why journaling is very important for a trader.
Well, I say if you want to get a fair idea about the market, go with micro accounts. They kind of act like a bridge or a stepping stone for the actual market.