I just started the school and I am trying to learn all that I can so this might be a pre-mature question. Say I get good at running and start consistently making profit with my demo accounts and want to start playing with real money. If I only had 1,000 bucks to play with and since not having enough capital will get you killed, where do I put it? Do I put it in a micro where It would take me forever to do much with? or would it? Or could I put it in a mini? What would be better? I don’t want to take a decade to make any money worth mentioning, but I also don’t want to lose all my money in the first week either. Thoughts? Advise? What would be the best thing to do?
Lower your expecations.
I’m not sure what your idea of “money worth mentioning” is, but if you’re starting off with $1000 it’s probably going to be a while before you get there regardless. I think most folks would agree that a 100% per year return is pretty darn good. Now think about how many times you would have to double your account to get to whatever your “money worth mentioning” figure is and you’ll get the idea that this isn’t a get rich quick scheme.
If you’re not in this thing for the long term then you’re not much better than a gambler. You’ll end up taking stupid risks at some point and while you might get lucky the odds are definitely more in favor of losing big.
I think that you have some great points, and you are right. However, you still did not answer my question. I don’t think this a a get rich scheme at all and I know I am going to have to work very hard to be good at it. I was throwing a number out there and money worth mentioning to me would be something other than a couple bucks a day.
Even if I could consistently make profit and make 50 bucks a day or even less I would be happy with getting some return while learning how to get better at trading. I’m not into this for the quick greed of money. I actually do want to learn it as many other here do. So could someone please answer the question that I posted.
As I understand it, you were asking whether to put your money in a mini or micro account. The answer is always the account which offers you the ability to put on trade sizes as small as you need to do. For someone with only $1000 to trade, that’s a micro account. And if you’re worried that micro lots won’t give you enough punch, keep in mind that you aren’t restricted to only trading one lot at a time.
But back to my other point. You want to make $50/day consistently from a $1000 starting account? That’s 5% per day, on average. Is that really your benchmark?
I think you can learn alot from trading a micro account, and you can have a lot of fun in the process. As well as thinking of your profit targets - eg $50 a day - also consider how much you are willing to risk - conventional wisdom holds that you should not risk more than say 2% of your account in a given trade - so in the case of a $1000 account you would not want to risk more than $20 in one trade - if you have the discipline to stick to such guidelines you’ll have a greater chance of success - happy trading!
I know thats not going to happen with $1000. I’m sure I will have more once I am ready to start trading real money. I should have just finished before even posting anythign about it.
Like I said when I first started this thread, “This might be a little pre-mature” since I have not finished the school yet. As far as my bench mark, I think all I want to do is learn how to profit consistently, get good at trading, learn as much as I can, and hopefully make some new friends in this business. 
I know there is alot of experience and I already know I don’t know much of anything yet. I was just trying to think ahead I guess. I need to just finish the school and try to learn more before posting threads and sounding stupid I guess. Thanks for your help!
Yep finish the school, read through the forums, then
ask your questions, you will normally find the answers
though somewhere in the forums, most questions have been
asked before.
Try using the search function at the top of the page.