Jump right in and make a profit immediately? That’s what most people think will happen when they enter the world of trading. But there are several things that experienced traders like David Jones always do before they open a new trade.

He goes over every one of them in detail here, from picking which markets to focus on, selecting a time frame and setting a Stop Loss to determining the level of risk.

Each of these four components is as important as the others and together they form a cycle of decisions that should be part of every trade you make. Being disciplined and prepared in advance for different scenarios is the only way to go about trading.

At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.

Articles You May Like

Google users think BTC is dead — 5 things to know in Bitcoin this week
US to boost Europe military presence as Nato strengthens defences
Homebuilder sentiment drops to lowest level in two years as housing demand slows
Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more
Connecticut Green Bank plots more retail-focused climate bonds