Which account should be preferred for a forex beginner?

You will never get over emotions if you money management is not proper. Emotionless trading can be done only when you are not worried about trades going in loss.
 
As for me, you should not pay attention to cent accounts. This is a waste of time and you will learn nothing about Forex. For beginners it is better to use micro or standard accounts. The minimum deposit must be no less than $ 100. But in general, I wish you good luck and constantly improve your knowledge of forex.
 
At the same time on the micro account you do not feel the psychological pressure but if the market moves well opposite your direction, you can lose everything.
In this case, it is better to trade with a leverage of 1:30 and feel the constant pressure for your money, but you will not go into a minus.
 
One psychological benefit of micro account is that trader knows he is investing just some dollars to do live trading in this account. He can bear big loss because even account blowing will not a great disaster for him. He is relax mind to get real trading experience , develops more confidence to go to some iger investments.
 
At the same time on the micro account you do not feel the psychological pressure but if the market moves well opposite your direction, you can lose everything.
In this case, it is better to trade with a leverage of 1:30 and feel the constant pressure for your money, but you will not go into a minus.

I am seeing quite a few people these days recommending smaller leverage.
 
I am seeing quite a few people these days recommending smaller leverage.
Smaller leverage because many new traders were falling victim to high leverage provided by some brokers. High leverage allows you to open more trades on smaller accounts and when things turn against you, account blown is observed.
 
Smaller leverage because many new traders were falling victim to high leverage provided by some brokers. High leverage allows you to open more trades on smaller accounts and when things turn against you, account blown is observed.

So you only use small leverage?
 
The common mistake newbie trader makes while starting their live trading is to start with the standard account. For all the new traders, my advice is to start with cent accounts that will give you more margin and lower lot size for your funds safety.
 
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