dragon33 wrote:...but you need to know that trying to trade doesn't need to cost much.
Only $28.95 a week tman!
Of course it's not planned like that, I'd deposit $100 into my Micro account and work my way up and down from there, noting/adjusting the trading plan, and noting/confronting the different emotions that would come into play; from elated that account went up, neutral-but-hopeful that it was back at starting deposit, worried when I lost %20 of original, upset/vengeful when I lost %50 of original, desperate/wondering if I should continue FX career when I lost %80 of original deposit.
I would grind the account down to the last "even-with-only-1-lot-gives-me-a-15-pip-margin-call." And I would still fight for how long I could keep that going, building it up and down from that one, stupid, 1 lot until...
Then I'd wait a week or two, let my head cool off, review things (trades, trading methods & psychological), and start again!!
<clearly illustrated here>
But that is only one philosophy for method of learning.
I guess it is safer to only open a real account when you KNOW that your account will mostly be going up, but personally, there's no way I could demo long enough through the all the trials and tribulations to find that day out.
My thrill / 'sense of self-motivation' comes from, "Maybe THIS trial deposit will be THE ONE where I prove that I've LEARNED my lessons, that I now SEE!" {either that, or I grind it down again and note the further lessons.} After [highlight=violet]several[/highlight] weeks of successful confidence, I will then proceed on a plan to match market profits with outside deposits again. No need to rush with my outside deposits tho, I don't want to add to my initial trial deposit when [font=Comic Sans MS]there is still the chance[/font] that I could grind it down to zero; after each initial trial deposit, I'm ONLY trying to extend my learning off of other people's money.
[highlight=black]~Krane [/highlight]