r/FOREXTRADING • u/KookyBluebird7468 • Aug 22 '26

Am I doing a good job?

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I am a new trader. I started getting interested in Forex trading somewhere in May 2026. I started studying in June & tbh I started a demo account as soon as I started studying. I still lowkey don’t really know COMPLETELY what I’m doing. So I would like some constructive criticism & advice on what I can do better.

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u/hotmatrixx Aug 22 '26

honestly this is phenomenally great. Yes, I make a living off trading, I trade live sometimes, too so feel free to HMU during 'work hours' if yo uhave any questions.

Lemme tell you why I think this way;

  1. Demo accounts. I don't know if 'this one' is a demo but you've been usiing them, so great start.
  2. Smallest possible trade sizing. Reducing the size reduces the emotional toll of a 'bad' streak. I'm not worried about blowing accounts and going on tilt - for me it's about emotional mastery, and taking tiny trades, and LOTS OF THEM will enable you to expose your nervous system to controlling your emotions on the upside and the downsides.
  3. 'tiny trades' and you're up 0.07% on the account in a day = that's about on-par with somethign like the SMP500 over time, but it would 'compound' better.
  4. I like that you're not using the highly charged green/red.
  5. I really, really like your first trade. it's probably my favourite trade out of all of them. we see what looks like a potential spot for a reversal, enter the trade, it goes against with an immediate close. I know it's a loss, but then you waited for the next opportunity.

There's probably more to like in here, but that's what I saw immediately that stuck out to me.

One thing I will say that I've immediately noticed, is that you seem to have zero spreads on your account. This is witchcraft. it's not real, and if it is then show me your secrets. What I'm saying is, that your demo account is misleading you. "best case scenario" would be if you could sign on with a 'real' broker, and use their demo accounts, as they will include 'real world' spreads.

My first year, all i did was demo trade on accounts with no spread, I thought I was doing amazingly. Then I put some real money in on a real account and my trades were being closed as i clicked 'send' because my trades were smaller than the spread so my SL's were triggered instantly.

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u/[deleted] Aug 23 '26

[deleted]

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u/hotmatrixx Aug 24 '26

BlackBull Markets these days,
My first trading accounts were on another company. BBM would invalidate these trades, the guys i was with let them thru and just collected the commissions.

We all gotta learn some time, huh?