Cent Account Explained

Welcome to the first step in your training. So what I'm going to do is I'm going to assist you to learn to read a forex chart and to set up your chart correctly. But the first thing that you have to do is you have to open an account with the correct broker. Now this isn't about affiliate commissions or anything like that. What I want to do is I want to share with you that the broker that we're using is probably the best broker that you can find for a couple of reasons. Now I'm the ambassador of this broker because I'm their most successful trader of all time. And I've managed to acquire, acquire certain and very specific items with this broker. For instance, we have what is called swap free accounts. Now normally when you want to swap free account, you need to be studying Sharia law. So you'd need to go to your imam, you need to be Muslim, you need to go to your imam, that is like the priest of the church and you need him to write a letter stating that you are studying and involved with Sharia law. Then and only then do you send the letter to the broker and then they can possibly allow you a swap free account. So I just want to show you my account. So as you can see, we're using the broker FPS and this is a real account. So I'll just go to my open trades currently and this trade over here was opened on the 4th, on the 7th of April 2025. And what you can see is now no swap fees, no taxes, no charges. And this is a huge rarity, okay, to be able to have swap free accounts. So what this allows you to do is it allows you to use the broker as a storage of whatever instrument you're trading. Now I love gold, everybody loves gold. And everybody wants to own gold coins like Krugerrand or the American Eagle or the Australian gold coin as well. So what I'm doing is I'm holding using the broker as a storage of gold. Now you can buy gold coins if you want to, but there are two challenges with owning gold. The first challenge is where do you store this? Where do you store your gold coins? Do you store your gold coins under your bed? If you do keep them in your home, it's a security risk. Whether it's in a safe or under your bed, it's a security risk. So then you'll have to have insurance on those coins. Now the insurance is what we call a holding fee or a swap fee. Now if you didn't want to hold the coins at your house, you can get a safety deposit box at the bank. And then you'll still have to pay a holding fee, it's a rental for owning or renting that deposit, that safety deposit box at the bank. Then you'll also have to have insurance to insure your gold coins. Now what I'm doing is I'm using the broker as a storage of value. I will never close these trades out, ever. The only time I will close these trades out is when the chart reverses. When the chart comes to. Let's try and shrink this. I can't. Let's go to the one week, the one one week chart. So if the price comes all the way down to here, I will then close these trades and that you see these little red lines here? Those are stop losses. So my trades will close $1 above those trades with where the trade opened, I'll close those trades in profit. When the price comes all the way down here, when the chart reverses, I will then buy gold at a cheaper value. And you can do this with any instrument, you know, over time. We know that gold is a storage of value. I think everybody can agree on that fact. So that is one of the reasons why I'm using this specific broker is because of the swap free account. The next reason I'm using the broker is because of the, the fact that we're able to open a cent account. Now a cent account means that whenever whatever instrument you're trading moves by 1 US cent, your account is affected by 1/100th of a US cent. So over here you can see here that the price is currently 33, 3368 and 2730 cents. So when the 30 becomes 31, your account is affected by 1/100th of a cent. So let's take an example of. I've already taken an example. We'll just cancel that.

Cancel that. And we'll go over here to this example over here, 2682. So what it means is exactly on the broker side, your account is converted. So when you do a deposit, your money is converted into cents. So if you deposit $1 you have 100 cents. If you deposit $10 you have a thousand cents. If you deposit $100, you have 10,000 cents. So in this account there is not US$1,011,412, there is $10,114.12. So when the price moves by one pipe. Let's just show you over here. Let's take another screenshot and enlarge it. So when Gold moves by one pip, your account is affected by one one hundredth of a of a cent. This is one tenth of a cent. This is one one hundredth of a cent, this is one US cent. Okay, so it's a very different risk profile when you're trading with our broker. Now normally when you trade with a broker and they give you a micro account or they say it's a central account, when the price of an instrument moves, your account is affected by either 10 US cents or $1. So the risk is a thousand times less using our broker. Now just to reiterate, a cent account is not available to the public. It's an exclusive agreement between myself and the public. You have to join our organization and be in our structure to be able to open a sent account. So we don't earn much money from the affiliate commissions from opening sent accounts. It's there to help you to have an account that has very low risk so you can start trading with $20, $10, $100 and allows you to get into the game and start trading with very small amounts of money to get your, your, your feet wet, cut your teeth in it, lose money on small, on small values instead of depositing huge chunks of money and losing money with the broker. Because unfortunately this is a game of you need to learn, you need to make mistakes and then you need to learn from those mistakes, come back and then start again. And you can't do that if you're using big amounts of money. So I mean the, the right thing to do is to, to lower your risk and start off with very small amounts of money, cut your teeth in it, get experience and then deposit large amounts of money into your account. So I hope you understand the reasons why we're using this broker. Again, it's not, not for affiliate commissions. It's for us to assist you in using the correct broker with the correct setup. So this is a, a strategy, a program. It's not a get rich quick scheme. This is a, this is get rich for sure with a strategy, systems, tools, mentors, the right broker and the right community and education. So go and open up your account. I put the link below. It's, it's the first step in on the training website below. Go and do that. Once done, go on to the next steps and then you need to WhatsApp me your sent account number or your dollar account number so that we can check if you're in our structure. Now sometimes you're not able to open a sent account, sometimes you're only able to open a dollar account or a standard account. If you, if you can't open a sent account, don't worry. Just open your standard account and then WhatsApp me my numbers below WhatsApp me and then we will assist you to get your account moved into a sent account. So let me show you on the broker what that looks like.

Right, so I've logged into my account and I'm now going to open up an account. Now on my account we've got your open sent account. You may not have that. Not to worry, okay? Just get hold of me and I will assist you to open that sent account. But before you get hold of me, you need to open a standard account. You're not going to deposit money in it, you're just going to open it. Once you've opened it, send me your account number. So let me do that with you together. So we'll just open a normal account. We'll open, the account gets opened and, and you will send me this account number. Once I've got that account number, we can then assist you to move your account into our structure so that you can then open a sent account. So I hope that makes sense and I hope now you understand why you need to open a center count and why you need to trade with us. So good luck with your journey. I'm looking forward to mentoring you and I'll see you on my next video.