Your career as an online trader has now started! You will therefore have to continue to implement and improve your trading methods and techniques. For this we recommend keeping a trading journal. This is a document listing all your positions, their motivations, and their results.
This will make it easier for you to identify the behaviors and techniques that allow you to make money, and those that make you lose money. You will thus constantly improve your techniques, and know how to adapt them to changes in the market.
How to trade like a professional
At this point in the guide, you should have made your first trade. But this is only the beginning. Indeed, the learning of an online trader never stops, and you will have to make sure to continually update your knowledge. To do this, follow the 4 following tips and also opt for Global CTB.
Advanced trading indicators
While there are technical indicators known to all traders like the MACD or the RSI, there are also hundreds of others, and several new ones are emerging each year.
However, the principle remains the same for all indicators: Find signals to buy and sell.
To do this, indicators help you identify turning points in the market, or confirm that the trends will continue.
It is therefore recommended to continuously train in new technical indicators, to stay at the cutting edge of analysis. This will allow you to integrate these indicators into your trading method and thus make it evolve.
Become an expert in financial market analysis
Trading market analysis
Company news, as well as geopolitical and economic news, have a considerable influence on the markets. Learning to read market sentiment is a common skill of all professional traders.