Started with barely $200 last month and already burned through half of it learning the hard way.
Tried demo accounts but they don’t prepare you for the real psychological pressure when actual money is on the line.
Stop burning money on random trades. Your biggest problem isn’t the small account size - it’s treating that $100 like play money. Set a rule: no trade bigger than $2 risk. Period. This gives you 50 attempts to figure things out instead of 5. Pick one setup and trade only that. Don’t chase every signal you see. Most profitable traders I know use maybe 2-3 patterns maximum. The psychological pressure gets easier once you accept that losing trades are normal. Protect your capital first, profits come later.
Micro accounts are definitely the way to go when starting small. Some brokers let you trade with just $1 risk per position.
Also try trading during quieter hours first. Less volatility means less chance of getting wiped out quickly.
Demo accounts teach the mechanics but real money changes everything. The fear and greed hit different when it’s your cash.
With your remaining $100, consider taking a break from live trading for a week. Use that time to study one simple strategy until you know it inside out.
When you restart, treat each trade like you’re protecting your last hundred dollars because you basically are.
Trade only when London opens. Skip the rest.
$100 left is actually enough to keep going if you’re smart about it.
Switch to a micro account with 0.01 lot sizes. Risk only 1-2% per trade - that’s $1-2 max loss per position. This way you can take 50+ trades before going broke.
Find a broker with good educational resources. I learned a ton from their webinars and analysis when I started.
Focus on one currency pair for now. EUR/USD or GBP/USD work well. Learn how they move instead of jumping around.
Keep a trading journal. Write down every trade - why you entered, what happened, how you felt. This helped me spot my biggest mistakes early on.
The psychological pressure never fully goes away, but you learn to manage it. Start tiny and build up slowly.