1. How did you decide what you were going to trade?
2. What process do people go through when deciding if they are going to trade equities, futures, options, FX etc.
3. How long did / does the process take before you decide which instrument suits you?
I assume that the following things would have to be taken into account:
how much time you want to spend in front of the computer trading (day trading v weekly trading v buy and hold)
what sort of trading you are naturally drawn to or find intriguing
how much money you want to make
how much money you are prepared to lose during the process
The reason i ask is i am at a point where i want to focus on short term trading (intraday) such as scalping FX. I also swing trade AUS and US stocks. Although i am a novice trader, the big thing i have going for me is the amount of time i am prepared to spend in front of the computer screen learning and trading.
How have others gone about deciding what they are going to trade?