Bee

I think you can apply reverse calculation to achieve this goal. For a start, you make an estimation about how much money you'll need to live a decent living for a month, say, $1,000 for example. Thus, this will be your target, to gain profit of $1,000 a month. Now, if we convert this $1,000 into pip, you got the following: for 1 standard lot, at $10 per pip value, $1,000 is equal with 100 pips for 1 mini lot (or 0.1 standard lot), at $1 per pip value, it is equal with 1,000 pips. for 1 micro lot (or 0.01 standard lot), at $0.1 per pip value, it is 10,000 pips. The next thing is to divide the total pips to get a weekly target, which is 25 pips for 1 standard lot 250 pips for 1 mini lot 2,500 pips for 1 micro lot Why weekly? Because it is impossible for a newbie to make profit daily. Thus, by setting your target weekly, you have 5 days chance to achieve it. Out of the three, of course the 25 pips weekly held the most possibility to achieve, and 2,500 pips is the hardest one. But you need to be able to trade 1 full lot to set a 25 pips weekly target. Thus we need to see how much equity we can afford initially. If you can set aside $1,000 for a start, then all you need to do is adjusting your leverage. After all, using: 100:1 leverage, for 1 standard lot you need around $1,500 for margin, while 500:1 leverage for the same lot size you'll need only around $300 for margin. Thus, if you have $1,000 for initial deposit, using 500:1 leverage will leave you with a 25 pips weekly target. But what if you don't have $1,000? Then you have two option: 1. Try to get some more money, or 2. Start with whatever you have, but change your goal from $1,000 monthly profit to "growing your equity until it becomes $1,000" (in other words, you don't withdraw your profit before then).

Most forex brokers these days provide unlimited demo accounts. Only a few who offer a limited demo account, usually valid for only 30 days. It's just a marketing strategy. After all, if you use to trade in one broker and don't find any unsatisfactory experience, most likely you will open a real account with them as well instead of trying a new broker you have no experience whatsoever.