New to this, unexpectedly good results?

[H-Pendragon]

Hi there everyone!

I've been trading with a demo Spreadbetting account for about a month now and have really gone deep on the research and learning with regards to trading, reading charts etc etc.

My results have been really quite good! Not sure if I'm lucky, or if I am actually making good trades and doing everything correctly. What I am more concerned with overall is that the demo account loads you with £10k to play with, I have nowhere NEAR that amount to open a live account with. Having made multiple trades a day, mostly on Forex, am I likely to be able to make the same trades?

To keep things simple for myself I have been trading with £1 per point so I can more easily see how many points I win or lose by per trade. If I open an account with £1k, is it likely that I could make 10-15 trades a day (with as many as 8 open positions at one time) without reducing my size so something so small it seems irrelevant? 

If I am trading with a size of 0.05, making 500 points per week sure SOUNDS great but its only £25 per week.

I guess I am seeing how my trading is going with £10k and looking at my results like "oh wow, I made £500 this week! What a difference this would make to me if it was real money!" When in reality I would be looking at making 1/100th of that. Would this be the case? And I would look to build the account at £25 per week over time? 

My apologies for the long post, I appreciate anyone that takes the time to read this, let alone answer it.
Many Thanks

[JohnnyRy]

On 02/09/2023 at 04:35, H-Pendragon said:

the demo account loads you with £10k to play with

This is 10,000.

On 02/09/2023 at 04:35, H-Pendragon said:

If I open an account with £1k

This is 1000.

10,000 divided by 1000 = 10.

If you adjust your lot (or contract) size proportionally to your starting capital with the same leverage ratio as demo trading, you would be earning 1/10 of your demo profits (subject to live admin fees, rollover fees, etc).

Edited September 4, 2023 by JohnnyRy