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I am a day trader and hold my positions about a couple of seconds to a couple. I’m primarily a scalper and am looking to take advantage of short-term imbalances between supply and demand. I will lodge at a trade as long as I will identify a supply/demand difference.
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Step #3 is produce a trade journal based with the results of the free stock trading emulator. The idea is to eventuality translate the good results you have recorded into actual live trading. The journal has to be a very valuable teaching aid for you. It is recommended that you take a screenshot of stock you traded along with the indicators you read. Also record your reasoning for trading in the exact time you was able to do. By doing this, you will make an easier transition in the world of real-life fx trading.
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