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HOW TO DEVELOP YOUR OWN PROFITABLE DAY TRADING STRATEGY

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HOW TO DEVELOP YOUR OWN PROFITABLE DAY TRADING STRATEGY Developing a profitable trading strategy is not as complicated as you might be led to believe. Many people will tell you that it’s extremely difficult to build your own trading system, but it’s actually pretty straightforward. The next part of this book will show you how to develop your own trading strategy in seven simple, but very important, steps. Step 1: Selecting a Market Step 2: Selecting a Time frame Step 3: Selecting a Trading Style Step 4: Defining Entry Points Step 5: Defining Exit Points Step 6: Evaluating Your Trading Strategy Step 7: Improving Your Trading Strategy Step 1: Selecting a Market With the fame of online trading, more and more financial instruments are available to trade. You have a variety of choices, not just stocks, options, and futures. In recent years, financial instruments like Exchange Traded Funds (ETFs), Single Stock Futures (SSF), and the Foreign Exchange Ma