Wanted to start basic and doing S+R technic first.
Wanted to to use only some money first trying to keep the stop/loss as narrow as possible (but as narrow as it has to be to make sense).
Considering to have steady movements that do no sudden big jumps and needing to have a small spread due to only few money.
Which would you suggest to trade?
Thanks
At the moment, if you don't want big movement, don't trade. Everything (that i have seen anyway) is highly volatile at the moment. I haven't seen anything that hasn't had any 'sudden jumps' lately.
Other than that, in my opinion the major indices are a good place to start.
It also depends on what time of day you want to trade. Try to pick a market that is open during the hours you want to trade. I see you are in Jamaica so you may want to trade the major US indices- try the DOW or S&P.
If you are into currencies you could also try a couple of currency pairs that have the small spreads you are after, eur/usd, gbp/usd although again these will not necessarily fulfill your volatility criteria at the moment.
If you are using very small stop losses then you need to make sure you time your trade entries as accurately as possible- otherwise you will keep getting stopped out constantly for trades that could have been profitable.
Have you practised on a demo account? If the volatility at the moment scares you you will not make good decisions trading, so for now it may be a good idea to just stick to practise trading.
