Once you have allocated your available trading capital, you will then need to begin preparing the rest of your trading plan.
This should include:
Determining the type of investment and the appropriate financial instrument for it, in a way that suits the personal financial ability and the market situation.
Continuous monitoring of the market situation to adjust the timing of profitable deals; with the aim of buying and selling for the success of the investment.
Understanding and being aware of the situation and fluctuations of the investment market, and the internal and external influences on it, in order to avoid as much as possible of the potential risks.
Determining the amount of money allocated for investment in a way that achieves the investor's financial goals, his ability to bear investment risks, and the time required as well.
The time you will dedicate to trading.
Your trading risk management strategy.
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