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Ideas on which markets to start day trading


Guest Morph

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Guest Morph

I have returned to IG Trading after jumping in three years ago and losing £500 almost straightaway. I hasten to add this was totally my mistake being too bold and very naive! I want to give it another go and start day trading but start very small with the aim of gaining knowledge and increase funds at a much slower pace. Before I start can anyone recommend which markets to start trading on or markets more suitable for people like me wanting to day trade and learn slowly with the aim of gaining experience and knowledge. 

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Hi @Morph,  I would suggest usdjpy to trade while keeping an eye on eurusd or FTSE to trade while keeping an eye on Dow.

Both dollar/yen and ftse are relatively stable markets (even with the brexit drama). Keeping an eye on the other asset at the same time will reveal correlations which will help with decision making.

I would also recommend looking at this free trading study guide;

https://drive.google.com/file/d/1UJBLRa9Sh0PZ0vL_wI9uDVbIRxVUdazE/view

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Guest Morph

@TrendFollower, I have an investment portfolio so know a little about the markets & feel it is the right time to trade but trade more cautiously than couple of years ago.  I fancy starting with FX and use a sniper type approach getting in/out at haste whilst analysing candle movement/size 

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