Creating trading strategy is an important point to be a successful trader. When you start to develop a strategy, you may fail several times. It does not mean that you take a wrong path because there is no strategy that is right or wrong, but good or bad. You should find trading strategy that is suitable with your need and style.
The first thing that you should do in making a good trading strategy is finding out what is your motivation for trading. You need different strategy if you do it for real business or just for fun. You also need to set your goal that you want for the result. Second, determine which risk level that you want to take because there are several options of trading strategy and you need to choose one. If your type is ‘high risk high return’ then you can put much more money than those who prefer to take a small step.
Third, decide your commitment level in order to choose whether full time or part time trader you want to be. See how your routine and how busy you are in daily life. Next, you should select which trading market that you want to get in. You can choose financial or industrial market. Last, your strategy can be error anytime therefore it is better for you to change your strategy to keep the profit high.