Starting with a very small live CFD account teaches bad risk habits rather than building good ones, because the position sizes and equity swings are functionally meaningless.
Most beginner traders are told to start with a few hundred dollars, trade tiny positions, and “learn the ropes safely.” It sounds responsible. It sounds patient. It sounds like the opposite of reckless gambling. I think the advice is fundamentally misleading. A very small live CFD account often does not teach risk management. It teaches…