Day Trading Training - The Best Market to Day Trade

As a beginner, in day trading training, it is best to concentrate on only one market at first. Overall, the most successful day traders are those that speculate in just one market. There are professionals who are able to successfully trade many different markets during the day with the help of a trading staff. However, monitoring and learning the characteristics of one market will keep you busy enough.

The best market in our opinion to begin trading is the EMini S&P. With this market, there is plenty of volatility and liquidity with risk that can be kept at a reasonable level with good fills.

The Forex market may seem attractive to beginning day traders with 24 hour trading and small margins allowed at most brokers. But do not fall into this trap. For proper money management, the minimum to open an account should be $10,000. This amount will give you a better chance to overcome any adverse market conditions that may occur as soon as you begin trading than with a minimum amount.

Another disadvantage of the Forex is that the most explosive moves seem to occur during the overnight hours when London and Asia open. Unless you live in one of these areas, it will be very difficult to day trade the Forex if you consistently miss these volatile times. Swing trading and trend following for multiple days at a time are usually more successful in the currency pairs. As your training in day trading becomes more complete, you may want to explore these options.

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