The number of available CFD markets can tempt a new trader to follow everything. Start with no more than three. Researching a smaller group makes it easier to learn normal volatility, active hours, typical volume, and the economic reports that move each market.

Short-term trading requires frequent decisions and close attention. Longer timeframes offer more time for analysis but expose positions to overnight moves. Choose a timeframe that fits your availability, temperament, and risk tolerance instead of fighting your natural decision-making style.

Before entering, record your direction, reasoning, entry, exit, invalidation point, and maximum capital at risk. A written plan limits decisions driven by fear or greed once prices begin moving.

• Define the setup and evidence required for entry.
• Set the stop loss and profit objective before execution.
• Risk only an amount you can afford to lose.
• Review completed trades to improve the process.