How to Find the Best Day Trading Platform + Broker - IG

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1. Consider your experience and trading goals

Taking your experience and trading goals into consideration when venturing into day trading will enable you to have clear goals in mind. This will ensure you put in the time to practise and fine-tune your trading style and strategy before you open your first position.

You can use fundamental analysis as part of your trading style or plan to predict market price movements and use technical indicators for your strategy. Your strategy is determined by your preference and your level of risk you're willing to be exposed to when trading the markets.

If you're a beginner, you'll need to choose the trading strategy that suits your preferences. For example, if you choose to use scalping as your day trading strategy, you'd make lots of small trades of the asset you're trading with the aim of profiting from the little price changes.

Once you've chosen your scalping strategy, ensure that you diligently stick to it as one impromptu move may lead to trade that results in a huge loss. Your aim is to make a series of small wins from your trade and benefit from them instead on a few large ones.

You can learn more about trading strategies by visiting out Analyse and learn section on the website or IG Academy. You can also try out these trading strategies by opening a demo account with us and practice with $20,000 virtual funds in a risk-free real-world environment. Once you have gained your confidence as a trader, you can open a live account with us.

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