Hi all,
I’m relatively new to this but am starting to get a grasp. I’m a Marine Engineer from South Australia and started learning to trade in the hope I can build up a secondary income over the coming years which will enable me to eventually stay ashore and spend more time with the kids. Well that’s the plan anyway…
I’ve blown out about a dozen demo accounts in the last month or so but since I found this sight and the school, I’ve managed to break even with one demo account and even show some slight profits with another. Once I start to show some consistent profit, I plan to start with a small live account and work from there.
Working at sea is a problem trying to trade, I put in an order yesterday and the internet dropped out before I could set a stop loss. By the time I regained an internet connection, my account was empty. Oops 
I look forward to meeting others and sharing experiences. It has really piqued my interest and I am fast becoming a sponge for information.
Happy trading 
Welcome!
It’s unfortunate about losing your connection before placing a stop loss. I’m pretty sure you should be able to enter a stop loss AS you open a trade?
Welcome.
Keep your position sizes low versus your balance. Maybe even try using 1:1 leverage. If it takes you all year to make 5-10% un-leveraged you will have given yourself room to see if you really can trade because it’s the leverage that kills most people. They advertise leverage as a tool but it’s more like a bomb in inexperienced hands, and it’s a bomb you don’t need to handle.
You will have saved the huge tuition fee that most new traders pay the market.
I agree with Black on the leverage issue, yes it IS helpful to build your account quicker than you could do so without it, but, as said, it can also empty your account quicker than you can blink if not managed properly. Since you stand the chance of losing your connection, a high leverage account is not the way to start out.
The best way to trade your demo account is as you would trade if you had real world resources. If you are only going to start with a $300 account for real, set up that amount in your demo account. You blow it out in 2 days, that is fine because it is a demo account, and as long as you learn at least 1 thing from it, it is not a lost cause. Better to blow out 20,000 demo accounts to learn to trade a live one properly, than constantly blow out live trading accounts.
Hi Gday
Nice to have you here, welcome to the community!