I tried to demo trade with a small account as that is what I can use for trading if I will go live one day. with a us$500 account I use a leverage of 500 and using lots of 0.1. How did you manage when you started with low capital? I'm trying to figure out if I can use volume profile to predict the lines and direction. No success until so far
for me
large leverage = short duration or even scalp
small leverage = long duration
i am not saying you should always use large leverage,
but if you are just doing demo, maybe you can try with much smaller amount of starting capital i.e. HK$500
and trade with 0.2 lots in which 20 pips will blow your acc
you don't trade all the time, but you only have one chance then you have to be very accurate
this can train my nerves and also my accuracy
if you are holding long from 1220 level, just wait and see, and pick an SL on one of the sword-line in case of something go bad if you are not holding long from below, not recommended to add now it's too risky given the unemployment claim data is coming soon but as i said last night, if 1234 is safe, this wave we should target on 1250 level 1225.8/1227.6 1229.7 1231.4 1234 1236.7 1238.9 (we are stuck here) 1240.9 1242.7 1244.8 (last high) ... 1253.5 EDIT: USDJPY: 113.87 113.60 113.15
