Choosing what to trade

in #stockphotos3 years ago (edited)

There are so many options when it comes to choosing and testing your first asset class and pairs to trade for example what you may be more profitable in and why the reason you choose this opportunity. I have a list of pairs here that have their deferent characteristics. Knowing what you want to trade and sticking to it is curtail it helps confirm you to be busy being that you know what you are doing. For example you wouldn't let someone do a heart transplant that doesn't know what they are doing. I have this urge that I need to know and learn to be a professional in trading and I want to be sure of what I am doing especially when I choose to help the people around me to better themselves as I wish to do myself.

GBPUSD

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Using the smaller time frame is the one I wish to use this assets for which may work out well when using a leveraged account or even a funded account. This is easier said then done time wise it may take a little longer.

Crude oil

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With this one its pretty instant but the catch is you will have to risk more and have a lager deposit amount in your trading account. This one has the advantage of going up just based on the fact of war and that Energies where always meant to go up eventually. (Gasoline, Natural G.) are all made from crude oil FYI. May be entered in the dips and also held long term.

Volatility indices

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With this one you can risk as little as $0.20 and use leveraged sizes of up to 0.20 lots which will need some diesoline but you get to risk as small as you can but make up to 3000x of your risk this may be a better option if you would like to keep the money at home thus your entries can not be random and you should have knowledge of the patterns and market structure support and resistance.

I am hooked but I need to choose one major then seconded the longer term entry option... Soon I am also goin to try out robot trading but first I have to be profitable in one of this arias and for this reason I need actual capital.