Guys, I need a helping hand here. As, I am going to start out on just $500, I need to get a feel at trading.
So, any ideas which company gives out $500 demo accounts cause all I can see is huge sums being offered viz 10k, 5k, 100k etc. and that wud just whet my appetite for risk and that wont be any good once I get trading with real money.
what i do is intentionally reduce the 50k demo to about 5k hope that helps
If you use a MT4 demo, you can simply backspace the automatic account size and put in what you want - eg 500$, yos can also change leverage if you’d like.
I’m not sure this works with all MT4 brokers, but I know for a fact that it does with Alpari and IBFX - probably with the rest as well.
as stated, when you are downloading MT4 from your broker, there will be a box with the equity amount in it — simply change it to $500 and continue. Its over there on the bottom right side !
or as tex says, if you have (and you can delete it and start over) an account with large numbers, simply enter a HORRID trade for as much as you can and let the losses reduce your equity.
mp
tried doing that reduce the amount thing…that even dint work…
guess youre just lucky in love ---- if working with an MT4 platform, just download another one, reset the equity to what you want, and delete the old one and you will now be in “honest” demo trading land !
mp