beginner trader's record statement, any suggestion?

[financening]

Hi everyone, I am very interested in FX trading and just open demo accounts last week in order to practice my skills.
In past week, I am trying to fighting a trend market (may be not taking a loss well and revenge trading), which cost me more than £500, this is the key lesson I have learned.
Risk management is also very important; I am trying to decrease the lots.
After 2month simulate, if I am still profitable, I will open a live account.
My budget for open a live account is £2000, any suggestion?

Currency pair: GBP/USD and EUR/USD leverage 1:100 days 20th May to 27th May

Summary:
Deposit/Withdrawal: 10 000.00 Credit Facility: 0.00
Closed Trade P/L: 1 038.14 Floating P/L: 0.00 Margin: 0.00
Balance: 11 038.14 Equity: 11 038.14 Free Margin: 11 038.14

Details:

Gross Profit: 2 518.38 Gross Loss: 1 480.24 Total Net Profit: 1 038.14
Profit Factor: 1.70 Expected Payoff: 13.84
Absolute Drawdown: 0.00 Maximal Drawdown: 784.84 (6.72%) Relative Drawdown: 6.72% (784.84)

Total Trades: 75 Short Positions (won %): 48 (60.42%)
Long Positions (won %): 27 (74.07%)
Profit Trades (% of total): 49 (65.33%)
Loss trades (% of total): 26 (34.67%)
Largest profit trade: 834.94 loss trade: -307.87
Average profit trade: 51.40 loss trade: -56.93
Maximum consecutive wins ($): 11 (138.14)
consecutive losses ($): 9 (-529.08)
Maximal consecutive profit (count): 1 557.91 (4)
consecutive loss (count): -529.08 (9)
Average consecutive wins: 4 consecutive losses: 2

 

[Doomberg]

If you feel like you are ready, then open a live account but remember its not quite the same as demo

But start small and any error you make, research it with a fine tooth comb

 

[Traderesq]

I don't have any experience with FX trading, but for those interested in learning stock day trading I think it can be very good to only do paper trading for at least the first 12-18 months, then spend another 6 months trading for real but with small size, and only then if consistently profitable start gradually scaling up the share size.

I think a lot of new people fail because they focus too much initially on trying to make money rather than learning how & why stocks are moving the way they do. Paper trading will force you to not focus on making money so can help with that. Constantly watch the market whenever you can and accumulate as much screen time as possible while you're learning. The goal should be to experience as many different kinds of market conditions as possible before you start risking serious money so there will be fewer surprises when the market sentiment shifts on you. You need to gain the confidence that you will be able to successfully adapt as the market changes.

 

[coopster]

My budget for open a live account is £2000, any suggestion?

What do you want suggestion about? Where to open a live account?

For other advice, you need more trades. one week of trading is not enough for anyone to judge.