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  • David

    I think that microlots are a great alternative to demo. At 10c/pip it can give the trader a feel for trading real money, without taxing him too much either financially or emotionally. And it ensures that trading conditions (spread, slippage etc) are 100% realistic. So for me personally, the question is not so much “when to go live” but when to move up from microlots to something more substantial. The beauty of forex is that it’s completely scalable, hence this transition can be made gradually. The trader can deposit additional funds and increase trade sizes as his experience and confidence grows, and his performance justifies it.

    • Hi David, Thanks for your comments. I agree that micro lots can be a great way to start when trading live. Even now I enjoy the ability to trade in micro lots as it allows for very accurate position sizing.