Quote from: tungaqhd on May 18, 2018, 05:17:07 AM

I have seen many topic like "how to start trading", "what strange is good for trading" .... etc. I had same questions when i was a beginer like you and here i found this post on a blog. I think it's good for beginer and experts, please leave your comments here to help beginer. I hope it will be useful.
Here are 10 strategies on how to day trade for beginners:
1) Look for scenarios where supply and demand are drastically imbalanced, and use these as your entry points.
The financial markets are like anything else in life: if supply is near exhaustion and there are still willing buyers, price is about to go higher. If there is excess supply and no willing buyers, price will go down. At Online Trading Academy, students are taught to identify these turning points on a price chart and you can do the same by studying historical examples.
2)Beginners should always set day trading price targets before jumping in.
If youre buying a long position, decide in advance how much profit is acceptable as well as a stop-loss level if the trade turns against you. Then, stick by your decisions. This limits your potential loss and keeps you from being overly greedy if price spikes to an untenable level. Exception: in a strong market its acceptable to set a new profit goal and stop-loss level once your initial target is achieved.
3)Insist on a risk-reward ratio of at least 3:1 when setting your day trading targets.
One of the most important lessons in stock trading for beginners is to understand a proper risk-reward ratio. As the Online Trading Academy instructors point out, this allows you to lose small and win big and come out ahead even if you have losses on many of your trades. In fact, once you gain some experience, risk-reward ratios of as high as 5:1 or even higher may be attainable.
4)Day trading requires patience, so be a patient trader.
Paradoxical though it may seem, successful day traders often don't trade every day. They may be in the market, at their computer, but if they dont see any opportunities that meet their criteria they will not execute a trade that day. Thats a lot better than going against your own best judgment out of an impatient desire to just do something. Plan your trades, then trade your plan.
5)Day trading also requires discipline, especially for beginners.
Beginners need to set a trading plan and stick to it. At Online Trading Academy, students execute live stock trades in the market under the guidance of a senior instructor until right decisions become second nature. If youre trading on your own, impulsive behavior can be your worst enemy. Greed can keep you in a position for too long and fear can cause you to bail out too soon. Dont expect to get rich on a single trade.
6)Dont be afraid to push the order button and execute your trades.
Novice day traders often face paralysis by analysis because they get wrapped up in watching the candles and the Level 2 columns on their screen and cant act quickly when opportunity presents itself. If youre disciplined and work your plan, actually placing the order should be automatic. If youre wrong, your stops will get you out without major damage.
7)Only day trade with money you can afford to lose.
Successful traders have a little bucket of risk capital and a big bucket of money theyre saving for retirement or another long-term goal. Big bucket money tends to be invested more conservatively and in longer-duration positions. Its not absolutely forbidden to use this money occasionally for a day trade, but the odds should be very high in your favor.
8)Never risk too much capital on one trade.

Set a percentage of your total day trading budget (which might be anywhere from 2% to 10%, depending on how much money you have) and dont allow the size of your position to exceed it. Otherwise, you may miss out on an even better opportunity in the market.
9)Dont limit day trading to stocks.

Forex, futures and options are three asset classes that display volatility and liquidity just like stocks, making them ideal for day trading. And often one of them will present appealing opportunities on a day when the stock market is going nowhere.
10)Dont second-guess yourself, but do learn from experience.
Every day trader has losses, so dont kick yourself when the occasional trade doesnt go your way, especially if you're a beginner. Do, however, confirm that you followed your established day trading rules and didnt get in or out at the wrong time.

I think that if you were to start a trade then this time you should buy bitcoin and trade only on the USDT pairs, the market is stagnant and difficult to predict, so trading day will be the Choose the best at the moment. Always have a specific business plan and follow it to be able to lose profitability safely and minimize risk.