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!
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