Choose a market that is liquid when trading online.
The liquidity of a market is usually referring to the average daily volume of the trading vehicle.
The more trades that happen per day, the better it is for you.
This is because it is easy for one trader to join a huge crowd and it is just as easy for you to leave without making much of a fuss.
Slippage is the one factor that allows most traders to get skinned alive in the market they are trading in, so a more liquid market allows you to one up your survivability factor and make sure you do not lose all our margin in the first day.
Also, you might want to think about something like market volatility, which refers to the average daily range of the trading vehicle, and this normally refers to the distance between the highs and the lows of the market.
The more the distance, the bigger your target and aiming for one that is large makes it a lot easier for you to make some money than lose some.
Examples of markets with this characteristic is the Forex market.
A currency trading is one of the places where the disparity value is high and targets are huge.
If your trading knowledge is sound, then you will know when and where to trade, and which margins to hit.
Like mentioned before, the best places to find the combination of the two is currencies market, leading stocks and futures.
These are the places where most new traders will flock to and even day traders, the special breed that they are, will be mostly found in these markets as well.
Another feature that you might want to look at is the market personality.
Most markets are smooth in their transition from one trading day to another and others like to jump with unpredictable and violent movements in either direction.
Depending on how you want your markets to be like and how you behave as a trader, you need to know the characteristic of the markets of your choice and attune your strategy to favour them.
In this way, you can assume the correct position and be more likely to make the money you should be doing.
Explore the list of top gainers in the market and losers for the day as well.
When the same names show up day in and day out, then they are the most volatile of stocks and commodities, and the best to aim your sights at.
These are some important concepts when thinking about trading online and if you are looking for the market to best fit your trading style, then imagine the kind of markets you would be running across as you choose the commodity and the environment that comes along with them.
When it comes to trading online in stocks like futures, make your first few steps as tentatively as you can and dive into peaceful markets before going on more violent markets.