Tools to trade.

Sep 15, 2019 at 08:17
3,770 Visualizações
61 Replies
Membro Desde Aug 11, 2017   886 posts
May 18, 2020 at 15:44
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
Membro Desde Apr 04, 2020   57 posts
Jul 16, 2020 at 06:26
The trading tool must really be of sufficient quality and effective.
Membro Desde May 13, 2019   26 posts
Jul 16, 2020 at 13:53
The trading tool that I use is stop loss. That I consider to be very important in trading. I need to know my limits and make sure that I do not trade too much with high risks. It goes a long way in ensuring that I achieve just that. Do not take this tool forgranted if you are a new trader
Membro Desde Apr 01, 2020   231 posts
Jul 17, 2020 at 00:23
Forex tools are important when it comes to the time-consuming mechanics of trading such as entries and exits, partial take profits and trailing stops. For this you need tools that will manage your trades according to the strategies you have set.
Membro Desde Sep 27, 2019   10 posts
Jul 17, 2020 at 10:57
RSI is a great tool for me. Very good for picking trends and reversals. Especially when used on different time frames
Membro Desde Aug 09, 2017   785 posts
Jul 18, 2020 at 07:27
Everything is uncertain in Forex market, so the newcomers always feel frustrated when trading. So before kickoff live account we have to make sure sufficient trading balance that can remove our frustration , otherwise it will be great difficult to survive in this volatile trading market.
Membro Desde Aug 27, 2017   994 posts
Jul 18, 2020 at 10:40
protecting your capital is very important, it focuses on money management and risk management, its most important issue to avoid unfortunate risk and losses.
keeping patience.......
Membro Desde Aug 11, 2017   886 posts
Jul 19, 2020 at 07:07
We the traders first of all have to take demo trading seriously for acquire most powerful analyzing fundamental trading knowledge which is very supportive to continue a live trading in a proper way. but practically we the traders who are particularly newcomers don’t believe the importance of this trading place at all. as a result almost 90% traders are loser from here due to lack of exact trading knowledge . so, we have to make sure demo trading continually for become a knowledgeable trader very rapidly.
Membro Desde Feb 22, 2011   4862 posts
Jul 20, 2020 at 13:02
Tools:
trading client - e.g. mt4
trading device - e.g. your pc
internet connection - really needed :)

Skills:
trading knowledge - trading system
patience
emotion control

I would add best tool is EA as it works 24/7 without fear or emotions managing multiple positions on multiple pairs
Membro Desde May 24, 2020   112 posts
Jul 21, 2020 at 07:18
Learning to choose the right trading tools is very important.
Membro Desde Feb 07, 2020   41 posts
Jul 30, 2020 at 09:39
In my opinion trading with lesser tools have more chance of trade success. Sometimes, using or numerous tools confuse the trader and may incur a huge loss.
Membro Desde Jul 20, 2020   341 posts
Aug 14, 2020 at 17:13
The most important tool of forex trading is a reliable broker. Without a good and reliable broker, it is not p[ossibnle to trade in the market.
Membro Desde May 24, 2020   112 posts
Aug 16, 2020 at 04:48
Good tools make trading more comfortable and profitable
Membro Desde Jul 19, 2020   751 posts
Aug 18, 2020 at 11:08
Indicators are good if you know how to use them effectively. But there are also traders who do not use any indicators. Usually many Price action traders do not use indicators. They use candles and price.
Membro Desde Jul 19, 2020   34 posts
Aug 18, 2020 at 11:50
You need a reliable broker and basic knowledge about forex to trade in the forex market. Without these two tools, you can not make money from this market.
Membro Desde Jul 23, 2020   759 posts
Sep 05, 2020 at 17:21
Broker provide so tools to use in trading. However, traders should use all of them. Only mastering one or tool is enough to bring success.
Membro Desde Jul 20, 2020   232 posts
Sep 07, 2020 at 18:41
The most important tool in the forex trading is a good broker. Without a broker, you can not make trade in this market.
Membro Desde Jun 16, 2020   35 posts
Oct 07, 2020 at 07:03
Taking advantage of tools designed to help traders analyze potential investments can minimize risk and provide an edge in earning profits.
Membro Desde Aug 09, 2017   785 posts
Oct 07, 2020 at 07:53
the best trading tool is experience which comes from long time knowledge and practicing.
Membro Desde Jul 19, 2020   788 posts
Oct 13, 2020 at 00:56
There are many tools available in the Forex market. And you have to trade by combining these tools. There are many problems due to different signals. However, if you can combine these tools, then the trading results will be much better.
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