One of the major reasons i have noticed why 95% of new traders (who start little) loose almost all their cash(if not all) is because of the amount they demo trade with. I remeber when i was demo trading with $10,000...making the money with simple trading methods were quite easy. I had no psychological analysis affecting me then because i knew that i had enough money to trade with. So loosing 10% of my account per trade wasn't that bad.
I now chose to start a demo trade with $300, and right now its really not easy coz those methods are not just as helpful as i thought they were. From a combination of MA crossovers, to MACD, RSI etc. Now i trade very carefully and i'm learning quite a few tricks.
But the point is that all i notice is that, if i gain about $70 today, by tomorrow it's gone in just one trade. So i keep moving up and down around my $300. There's no steady progress.
I even made up my mind to open only 1lot per trade instead of my normal 2lots/trade inorder to minimize the loss per trade
I was only hoping we could get someone in this forum who started with about this same amount of $250 -$300 and increased his/her a/c steadily over a period of time. I know money management skills are required here, but this only works if you also has a few good trading system skills to match or even better, override the losses when you start with a little.............or who has a different view? Can anyone be kind enough to help? Thanks
I now chose to start a demo trade with $300, and right now its really not easy coz those methods are not just as helpful as i thought they were. From a combination of MA crossovers, to MACD, RSI etc. Now i trade very carefully and i'm learning quite a few tricks.
But the point is that all i notice is that, if i gain about $70 today, by tomorrow it's gone in just one trade. So i keep moving up and down around my $300. There's no steady progress.


I was only hoping we could get someone in this forum who started with about this same amount of $250 -$300 and increased his/her a/c steadily over a period of time. I know money management skills are required here, but this only works if you also has a few good trading system skills to match or even better, override the losses when you start with a little.............or who has a different view? Can anyone be kind enough to help? Thanks