Hello traders,
I have a question directed to experienced traders, but not to get answer from people who have still trading on a demo account and their opinion. I apologize if this sounds rude, but I guess you will understand that I need advice from someone already experienced in this business.
I am practicing for almost 4 years on FOREX demo account and I am feeling somehow ready to enter into the real world, but starting out with only $200 (I cannot afford more money as in my country the standard of living is very low). By trading, I have success in realizing my strategy of making 2% daily and achieving the goal of $50000 for around 340 trading days (excluding weekends and holidays) or 1.5 years. I am mainly hybrid trader (news, technicals and sentiment recognition).
But on the other side, in my head started to rise confusion when I have read on the forums and sites from experienced traders(I guess so) that the above mentioned is near impossible to be made on real account, and best starting deposit is from $5000 to $10000 (which for me this is institutional deposit and big money, impossible to afford) for which I was not able to find any credible information why.
What is your opinion on this, is my strategy a rational expectation (even for realizing it after 2 to 3 years) or only great delusion that will make you laugh out loud for the real account starting out with only $200?
Thank you.
P.S. I am not in desperation for money or trading for a living method