Choose an Online Trading Strategy
Once you have chosen to become a trader, and know your risk tolerance level, you need to develop a strategy.
There is no right or wrong way to trade trading activity, what really matters is that you define the strategy you will use in different situations.
Sometimes you will find that one trading strategy works well for a given instrument or time horizon, while another strategy is more appropriate in a different context.
To become a successful trader, try to focus on aligning your online trading strategy with your risk profile. Look for all the trading tools that are available to you. Study the techniques that make sense and think about how they can be used in your strategy. In addition, you can study market behaviour and learn how the trading industry works.
Finally, if you want to succeed in trading, don’t forget to do extensive testing by testing your favorite markets until you feel comfortable with your strategy.