Ok thinking of going live, i am looking at a $100 (US Dollar) micro account, with 1% risk which i think is 0.01 (micro account) per trade.
I am only looking at having one trades live at any time, but just for my thoughts, is my money management looking good like this?
I just don’t want to go too risky. My plan is once i do well at running this small account, i will add maybe $100 to it per month and build it up slowly?
Starting with a small account and putting on small positions (maybe even risking less that 1%) is definitely the way to keep your trading education tuition as low as possible.