Dislikedtrue % wise, larger the account larger the percentage, but what im talking about is method of trading, micro, mini, or regular. one must not care the $ at risk, one must care of implementing our plans and following the market.
what matters at the end of the day is the equity as you said. so i got confused about your statement that 100 account was not useful.Ignored
One is when someone actually lives in a place where 100 dollars means a lot and can buy you a lot of things.. like zimbabwe and places like that.. for them a 100 dollar profit is a handsome one.. ya okay they can trade mini lots and have all the patience in their life because life is slow there..
Two is when people open it to test their their analysis and trading skills.. this is where i say a mini account is no good, coz you cannot test your trading skills unless u test your emotions, and with mere 100 dollars at stake their r no emotions involved and all the results you interpret are misleading because your testing platform is wrong, i would rather test my trading skills on a standard demo account with 'standard lots' (i dont care its 5000 demo or 10 k demo) rather than mini accounts...
The problem with number two is they say well its not my money, no real money so i would be willing to loose it as quickly as i would be willing to loose my 100 bucks in mini account, the solution to this is monetize 10% of it by giving that 10% to someone else and giving them straight instructions what to do with it depending your trading results in that demo..
Do not open a 1000 dollar account and trade it to test your skills, open a 10/5k demo, give 1k to someone close to you, and than see how you do in 10/5k account and reward/punish yourself accordingly..
Learning to trade from 100 dollar account is flawed because of absence of 'value of money' ..