Monday, November 23

Tag: Strategies

Trading Strategies for Beginners
Online Trading, Strategy

Trading Strategies for Beginners

Before you get bogged down in a complex world of highly technical indicators, focus on the basics of a simple day trading strategy. Many make the mistake of thinking you need a highly complicated strategy to succeed intraday, but often the more straightforward, the more effective.The BasicsIncorporate the invaluable elements below into your strategy.Money management – Before you start, sit down and decide how much you’re willing to risk. Bear in mind most successful traders won’t put more than 2% of their capital on the line per trade. You have to prepare yourself for some losses if you want to be around when the wins start rolling in.Time management – Don’t expect to make a fortune if you only allocate an hour or two a day to trading. You need to constantly monitor ...