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Cent accounts are trading accounts in the foreign exchange market with balance measured in cents instead of the US dollars. Trading accounts dealing forex account cents are handled the same way as forex account US dollar account with the only difference being the nominal amounts. Inthe LiteForex company was the first in the world to offer the cent accounts. The forex account of cent accounts was initially intended for developing and testing trading systems by working forex account real money.

Retail brokerage companies say that cent accounts can be useful to Forex beginners since they allow trading with real money without risking too much. Cent forex account balance is indicated in cents, which helps beginners get accustomed to seeing sums forex account many thousands on their accounts. Cent account is a kind of a transitional stage between demo and dollar accounts being a first step into a real trading, an opportunity to decrease the minimum available position size to 0.

There is no minimum or forex account deposit and no other specific requirements to open a cent account. The disadvantage of cent accounts is that the majority of Forex brokers offering such a service limit the maximum account and position size to keep the usage down to a minimum.

Also, the cent accounts are associated with higher quote spreads to compensate forex account. From Wikipedia, the free encyclopedia. This article is an orphanas no other articles link to it. Please introduce links to this page from related articles ; try the Find link tool for suggestions. Retrieved 8 Forex account Retrieved 3 July Archived from the original on March 1, Retrieved from " https: Orphaned articles from October All orphaned articles.

Views Read Edit View history. This forex account was last edited on 20 Julyat By using this site, you agree to the Terms of Use and Privacy Policy.

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The only data point I see that will be released is Greece manufacturing PMI for March, and nothing else. Most major markets (UK, Germany, France, Italy, Switzerland - to name a few) are off for the day so it's going to be a very, very quiet one. Liquidity conditions will remain thin as ever, so don't read too much into any moves - if we are to see any - during this time.

The labour reform that Abe is trying to pass is that which helps to boost productivity - something that he abandoned at the end of February following flawed data that was used to support the bill.