How much an amateur trader burn before attaining profitability?
Nothing. You do it in demo until you do attain profitability.
Demo can't help you to learn how to win. Just to test your strategy or EA online.
I will use my experience as an example. I started off right from the beginning with a standard live account and never actually followed the DEMO route because I was impatient about making money and lacked the discipline (which I only acquired afterwards with the experience).
It took me two to three years to become proficient and recover my loses. During those first two years I lost close to €1500, with two blown accounts and a third account that had a huge draw-down before I started to recover. The first two accounts started off with €500 and the third with €1000. My first account was only for manual trading while the second for a mix of manual trading and EA's written by others. The third account which finally began to pay off, was exclusively for EAs of my own creation.
I don't really know if I would have done better with DEMO Account or even a Cent account - maybe yes, maybe no! I guess it depends on each person's state of mind and perspective.
Now I am profitable and it offers me a good income, although I still have a "day job" as IT Consultant and Software Developer, because I enjoy it. Trading by EA can become rather boring and one needs another activity to keep us active and sane!
All of them
I will use my experience as an example. I started off right from the beginning with a standard live account and never actually followed the DEMO route because I was impatient about making money and lacked the discipline (which I only acquired afterwards with the experience).
It took me two to three years to become proficient and recover my loses. During those first two years I lost close to €1500, with two blown accounts and a third account that had a huge draw-down before I started to recover. The first two accounts started off with €500 and the third with €1000. My first account was only for manual trading while the second for a mix of manual trading and EA's written by others. The third account which finally began to pay off, was exclusively for EAs of my own creation.
I don't really know if I would have done better with DEMO Account or even a Cent account - maybe yes, maybe no! I guess it depends on each person's state of mind and perspective.
Now I am profitable and it offers me a good income, although I still have a "day job" as IT Consultant and Software Developer, because I enjoy it. Trading by EA can become rather boring and one needs another activity to keep us active and sane!
IMO you have lost only very little. lucky
I don't think there is any "norm"! Each situation is different!
If you think that $50K is normal for you, then it seems that you have quite an amount of cash to "burn" - Lucky you!
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use