After two weeks of using a demo account with a 0.01 lot size, I was making around $40–50 per day on average. So I tried increasing the volume, but when I did, my psychology changed and I often exited trades too early. Then last Friday, I removed the hedge because I thought the price would go down and increased the volume significantly — and I blew the account.
Next week, I’ll start over on a demo account again. With this method, I only make money during the Asian session. When it comes to the New York session, I usually end up losing, so after one week, once the Asian session ends, I close all my trades and secure whatever profit I have.
Next week, I’ll start over on a demo account again. With this method, I only make money during the Asian session. When it comes to the New York session, I usually end up losing, so after one week, once the Asian session ends, I close all my trades and secure whatever profit I have.
3