I get a lot of messages about my current positions, stops, and targets even though I'm updating the stream here all the time. I get it, sometimes it's easier to ask than hunt for things.
I'm thinking a model account on MyFxBook would work well as something that you can just check whenever you want (even when I'm sleeping) to see all that info. I think it's a no-brainer idea, but I'm wondering how big to make the account.
My initial thought was to make it $5,000 but I realize a lot of folks are trading much smaller accounts. I don't want the model account to feel unrealistic and non-relatable. It's like opening a $100,000 demo with a broker. It just doesn't make it feel real.
So maybe a smaller account is better? Even a tiny account? I know a lot of you are new to FX and trading small amounts to start. Would something like a $100 model account make more sense?
I think it could, and I think it'd be cool to prove to outsiders that a small account can grow substantially over time (e.g. you don't need to swing for the fences).
I'd love to hear your thoughts as I consider what to do.