Hi people! As I’m pretty new to Trading world and I’m learning the basics for now, what do you think about this numbers? Maybe it’s just a matter of “initial time”, some sort of lucky (don’t believe much on this). Anyway… Please give me your thoughts about.
I just have one very very small account with 310 USD and I know this amount is not relevant for most of you (outside Brazil), but on January, 02nd 2025 I started a live account with Pepperstone Broker and since then (ok ok ok, I’m doing overtrading some of the days). Yesterday, I ended with 612 USD on account. Do you think this evolution is bad, good, on the path, normal?
Thanks in advance for your contribution, suggestions and improvements if you want to do so.
That’s about the same amount I have. The most I’ve seen it is +30% so you doubling it seems very good! Also that’s so much better than blowing your account lol so definitely on the good path. I can’t give you much advice as I don’t know myself but there are many others here who not only know more but are also v helpful
@Johnny1974 nice bro! Thanks a lot for your comment! You’re right! Not exactly gambling, but took over risk and overtrading for sure, but now following the risk management bible.
Indeed doubled, but to be honest, I think I took a huge huge huge amount of risk and of course this is totally wrong, not sustainable. From now on following the risk management strategy and I just open lots of 0.01 / 0.02 at the maximum.
@jimmyny
I mainly use IG as I am based in UK and do ‘spreadbetting’ which is tax free in UK.
I also have an account offshore with TD365 which is a very reputable broker and holds client funds in an escrow account at Barclays Bank London, so the are a safe offshore option with high 200:1 leverage and fixed spreads.
You are with Pepperstone and I believe they are good but I have no personal experience with Pepperstone.
REGULATION is a must.
I love the IG platform so much, this is why I favour them over TD365 otherwise I would use TD365 for leverage and fixed tight spreads, I just hate their platform.
@jimmyny From a money security point of view I wouldn’t worry about having to spread money around multiple accounts as long the broker is properly regulated like FCA or ASIC but not some dodgy outfit regulated in some obscure place like Vanuatu.
Personally having too many brokers would confuse me!
You won’t have any problems with good reputable brokers.
Hey, great start for a beginner! Doubling your account is impressive, but be cautious overtrading can be risky long-term. Focus on consistency and risk management to keep growing. Keep learning, and good luck!
I have less experience than you, so my opinion is worth nothing. But I can tell you what the friend who teaches me (successful trader) will say. He will say that if you double your account in 2 weeks, you are gambling, not trading.
I could agree with him, no problem. I’m nothing at all at this moment. I really don’t know if I was gambling a little, but I can say for sure I’m doing fundamental and technical analysis as I’m learning in a local paid course. I like to operate in 5M TF. I also avoid hard to let open position from one day to another because I don’t like to pay Swaps at this very first moments. I just open 0.01 / 0.02 slot at the maximum and using a few indicators. 3 EMAs (21, 50 and 200 periods), Stoch RSI and MACD. Im aldo using Fibo retracement and it has worked fine! Of course I have some losses, SL hit, but it’s pretty normal.
myself but there are many others here who not only know more but are also v helpful 
