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Tools to trade.
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.
Mitglied seit May 13, 2019
24 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
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.
Mitglied seit Sep 27, 2019
9 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
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.
Mitglied seit Aug 27, 2017
875 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.......
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.
Mitglied seit Feb 22, 2011
4573 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
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
Mitglied seit Jul 20, 2020
278 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.
Mitglied seit Jul 19, 2020
33 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.
Mitglied seit Jul 23, 2020
696 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.
Mitglied seit Jul 20, 2020
172 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.
Mitglied seit Jun 16, 2020
27 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.
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.
