Account Size Timeline/Stages Advice Request

Hi all! I was hoping I could get some advice from more experienced traders
regarding a set of steps for advancement based on account size in this
business.

So far my understanding is that for account sizes of less than $25K we trade
micro-mini (or nano) accounts. Specifically in denominations of 0.01 lots
of a mini-account. I also believe I understand how to calculate the account
size needed to start trading full lots (thank you Fiji).

My main question begs what additional considerations are necessary at
certain approximate account sizes. In terms of liquidity/slippage, broker
issues, logistical issues, etc. I think I have a handle on the leverage
situation, but many large question marks remain regarding the others. I'm
basically trying to get a handle on what I should be researching along the
way that isn't necessarily needed for a tiny account.

Any help is much appreciated!

Yeah, a good idea to start off with micros.. Regarding the broker and slippage etc. I would not worry about that for now... Broker selection is often related to what kind of trading you plan to do, so its hard to make any good suggestions until you have worked out what type of strategies you wish to use. I would spend your efforts working on your trading, building strategies etc. It sounds like you are just starting out.. So I would leave your real money out of it for quite a while and practice on demo accounts, it will save you a lot of money as you will make a lot of mistakes at first, everyone does.

less hurt to be too small in position.
somehow in forex the commision is determined by the size, so frequent / less trading will not make you pay more or less commision, so start small is better, while we can add some more later on.

Thank you very much for your advice, Peter and Gwan. I guess I should
make it clear that I have no intention of risking any money until I am very
successful on demo for between 3 months to 9 months (or whatever it
takes to convince me based on number of trades and market conditions).

I guess I am actually trying to satisfy my curiosity about what issues I
would need to consider in the future as a function of my account size.

Thanks and good trading.

Micro on a $25K account? Nonsense.

Risk 1-2% per trade after demoing for a good six months. That's all you need to do. If your edge dictates that you use 100 pip stops, then you are risking:

25,000 * .02 = $500 / 100 pips = $5 / pip. So you would put a 50,000 unit trade on...

If you're new to trading, I wouldn't even recommend a $25,000 account. Start with $1,000 and go from there -- risking 1-2% per trade...

MM is not complicated... nor does it have to be.

Whoops! I think my wording is off by an order of magnitude according to your
post, MrTrend. Please ignore that, I actually have a decent understanding
of that aspect of things...it's just that I write spreadsheets to calculate
everything (set it and forget it is I guess my MO here!). My spreadsheet
shows 500 lots (in this case, 500 x .01 lot size) so in effect it's only 5
mini-lots.

Please let me try to rephrase again, I am not asking for help with money
management or asking for advice regarding whether or not to demo or
how much real cash to start trading with...I am extremely conservative
regarding these topics and will go with the best current thinking when
the time comes.

I really appreciate that you guys care enough to post thoughtful advice
about those topics and you are all posters I respect. My focus was
really on what topics to research now so I don't get burned at some
"important" account size in the future. Does that make sense?