A micro account is one of the best starting points for beginners who want to learn with minimal pressure. Traders often prefer micro accounts because they allow small trade sizes, making them ideal for experimenting and learning without risking large amounts. You can open one from the main trading accounts section of your dashboard.
After selecting the option to add a new live trading account, you can choose a micro-friendly profile. The platform will ask you to create a password specifically for this trading account. This keeps each of your trading profiles secure and organized. Once the micro account is created, it appears alongside your other accounts, and you can fund it whenever you are ready.
Micro accounts are especially popular among young traders who want to explore different strategies without financial stress. You can test ideas, learn market behavior, and build confidence before trying larger trade sizes. Since Deriv provides a smooth transition between demo and micro accounts, the learning process becomes natural and steady rather than rushed.
Even though demo money is virtual, it is still useful for learning discipline. Many beginners make the mistake of placing random trades in demo mode simply because they cannot lose real funds. This destroys the learning process. Instead, treat the virtual balance as if it were real money. This helps you build good habits early.
You can create a simple plan for your demo practice sessions. Set goals like testing a certain number of strategies, exploring specific chart movements, or practicing risk control. By doing this, you will notice your skills growing steadily. When you eventually move to live trading, the experience you gained in demo mode will become extremely valuable.
how to create a deriv account and link to mt5
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