Forex in a micro account

Beginner Questions
1

Hi guys! So, i’m climbing my way in PipsSchool, currently on lesson 49 and learning from another sources as well. I am trading demo to test the things i’m learning, but i have a few questions so far.
In the future i will enter in forex market with 250€ and i have some questions. It is a micro account right? What advice’s can you give me that are “GOLDEN” rules to not burst my account, as well as the best tips to start with a low money account.

Thanks in advance and good trades!!

2

To start with a small account you have to be…

  1. Very good in identifying trend direction
  2. Very accurate in your entry so you could place a tight stoploss that will not deplete your account fast
  3. In order to master point 1 and 2, you need to spend time to read charts in different time frames and master the chart reading skills that nobody can teach you except yourself.