First of all, you need to familiarize yourself with the behavior of the market, with patterns and trends that can be recognized. So they become potential trading opportunities. You need to review the action platform at levels of resistance and support, indicators and economic events. In addition to reviewing them, it is crucial that you record the data in a specific order that gives you a view of the market from another angle and apply your knowledge of the market to your trade.
Once you have assembled the theory in your head, you take notes as you can not remember everything, and you have the discipline, order is at risk management. You can tilt even more scales in the long run to your advantage if you limit the size of your transactions.
And for cherry on the cake, you can track other traders. The web is full of content for economic news and technical analysis. Taking a second opinion, you can make sure you do not fall into a trap.
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