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Tools to trade.
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pleasingoink

Member Since Sep 27, 2019  10 posts pleasingoink Jul 17 at 10:57
RSI is a great tool for me. Very good for picking trends and reversals. Especially when used on different time frames

Imamul

Member Since Aug 09, 2017  482 posts Imamul Jul 18 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.

Adribaasmet

Member Since Aug 27, 2017  835 posts Adribaasmet Jul 18 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.

Mohammadi

Member Since Aug 11, 2017  737 posts Mohammadi Jul 19 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.

Roberto21

Member Since May 02, 2019  267 posts Roberto21 Jul 20 at 08:38
the best tool is consistency , every success in life depends on consistency , its the real challenge or difference between fighter and loser.

togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jul 20 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

I trade what I like. I like what I trade.
Duktilar

Member Since May 24, 2020  41 posts Duktilar Jul 21 at 07:18
Learning to choose the right trading tools is very important.

ethan_65

Member Since Feb 07, 2020  17 posts ethan_65 Jul 30 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.

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EURUSD 1.18312 GBPUSD 1.30732
USDJPY 106.65 USDCAD 1.32393

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.