Thanks for sharing and for sharing! I’m with @anon46773462. I haven’t been demo trading all that long, but it astounds me the amount of traders that start trading with no risk management as part of their plan, or any plan whatsoever! And understanding costs and expenses just seems like something a trader would want to know from the get go. Learn that stuff people!
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Many traders including me will be very successful if we didn’t have mini-sized accounts.
It’s not really a risk management problem. It’s Greed.
Many traders will make consistently 2% monthly, but many traders have less than $10,000 accounts and 2% a month is light change. Hence we over risk to maximise gains which also maximises losses.
One thing I observed, when you over risk a mini-sized account, trading without SL of course. We are often quick to close positions in small profits and slow to close big losses. You account will only depreciate.
Here I am, knowing exactly what I am doing wrong and still doing it. LOL just can’t help opening my default 1 mini lot with my $1000 account.
Oh God! What is wrong with Me?
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And there it is, in your own words! - as you rightly say: “over risk to maximise gain”. It is a risk management problem - and as you point out, greed is one of the emotions that leads to such bad risk management. And that is one big reason why so many accounts held by otherwise totally competent people, go bust! 
This is also a risk/equity management issue!
It is not going to help by calling these issues something other than what they are. In trading, one has to be systematic and consistent and protect ones funds and their progress - all the time!. Otherwise it will always collapse at some point due to greed, frustration, negligence, even a night trading whilst drunk!!!
If trading for small sums in the early stages seems unrewarding then there really are only two choices:
Give up or take big risks…
Well that’s my opinion, anyway! 
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Was a bit hesitant reading the post as I thought it was trying to sell something but this post is actually very helpful! No clickbaiting or teasing information. Thank you!
Nothing beats getting practice time in!
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This all looks good in theory but the reality is very different. Watch price for 1 month really? Add some years to that, and even then nothing is granted. Risk management is very important, but it is not everything. A trader with low experience can have the best risk management on the planet, the only thing that is going to happen is that he will lose money slowly but he will lose, he just wont do it in a spectacular way like getting a margin call 
lol.
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Nothing is ever granted in any business. Some are just easier and/or less risky than others. Forex deals in probabilities and carries a higher risk of failure and demands a lot more input from the trader.
But you guys come here and read “how long it takes to be profitable” from others and then simply believe it as inevitable. In fact, often when people say it takes years, it is only because they themselves are not learning, constantly repeating the same mistakes and generally on the way out.
In fact, it is because you are not prepared to put in the work, and as an excuse you claim that it cannot take less than years. That is rubbish. Total rubbish. It only takes years because Newbies are lazy, jump from one thing to another seeking the “easy money method”, and impatient to fulfill their dreams of being a big time trader throwing around the thousands with a flash car and a holiday home in the Caribbean and a private jet to get there in
The answer to how long does it take is “as long as it takes for you to thoroughly learn your profession and learn how to control yourself”. And in that sense the commitment, concentration and focus suggested by the OP is very sensible, even if one does not take it too literally.
Of course it is not everything! You have to have something to apply it to! No one here has even said that!
Of course you have to have a method. You guys all want your Maserati on the drive to impress the neighbours but you do not want to learn how to drive it. See how daft you are going to look when you crash into your neighbour’s moped simply because you couldn’t control it!
Your method is your car and has been bought with your hard-earned equity. You immediately want to start racing around everywhere in it - but you can’t be bothered to learn how to drive it and how to even read your navigator to determine where you want to go and how you are going to get there! Your risk/equity management is what keeps you on the “road” and, what is more important, gets you to your destination.
No, risk management is not everything - but without it you are going to crash your car and all hopes of your Maserati with it.
But I guess this will only serve to get more flippant comment from the wannabes, so I’ll leave you to it.
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Sorry man but if you or anybody think that they will be profitable in this business after one two or three months you are delusional. It just wont happen and i dont care how smart you are. You say newbies are lazy, jump from one thing to another, impatient, want house in the Caribbean, private jets, Maseratis. Well the point of my post was forget those high expectations and be prepared that if anyone wants to became a profitable they have a tremendous amount of work ahead and it will be a long journey thats for sure. For some it can take a little over a year for others close to two years and some got three ,four and five years and still not making money. Forex trading and easy dont go along, depending of the time you can put everyday into trading and learning you can shorten the time it will take you. One thing im sure off is that trading requires way more work that any newbie here thinks it does. Think its hard work? It will be the double or the triple of the work that you are expecting. I am not a profitable trader yet hope to get there one day, and this is not me frustrated that if i cant win nobody else cant either. Im just way ahead of all the bs that forex is easy, follow this simple things, bla bla bla::: Reality is trading requires hard work and commitment there is no away around this.
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Most of millionaires that i see online, they trade with someone else’s money. I know one guy in person who made a million dollar using $10K initial balance.
If you are a millionaire, you don’t even need to use leverage. Less risk, more profits.
Yes the problem is that most of us are not millionaires.
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Exactly!!! But i think catching the beginning of trend is possible. However, win-rate is still low. For example today I have longed EURUSD at 1.12823 my tp was at 1.13300
But I have closed the position at open price of the day. These but’s are the resistance of being millionaire 
I’m still profitable today. But first time in a month, i have decided to break my own rule and it caused killing my statistics…
Sucks that you closed that 12d buy eur/usd and the price reversed.But it was probably the right decision because price could of drop more from there.
Exactly… There was this trend line. However, I’m not trading trends. I use different strategy. I should ignore all other supports and resistance levels. It’s all emotional. I was planning to make at least 35 pips in this trade, maybe more!
that’s interesting, what does the different bar colors represent?
At the end what matters is that you made profits today, you will it yourself in the head for closing the trade and the price going up, but if you didn’t close and price went down you would be hitting in the head for not closing. But you are right its the emotions that sometimes makes us make this mistakes.
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Look at my AUDCAD trades. First short than long but I have chosen a wrong price (greedy?) to go long and they didn’t get filled. TP is the key here 
I know that lot sizes are very small but it’s all about my risk management. I’m still testing my strategy.
They are the confirmation bars of lows and highs. If you are using TradingView just add PowerTrend indicator i have developed. It’s this one.
Ah btw, they are confirmation bars. It doesn’t mean that bar will be painted red and it will be red till the end. If it goes up, it’s going to be painted green and if it goes down it will be magenta.
Different colors just means that the bar is the confirmation bar… It never changes. Only color changes.
So you trade with no stops and small positions looking to have TP at the right places right?