Tools to trade.

Sep 15, 2019 at 08:17
Vues 3,967
61 Replies
Membre depuis Aug 11, 2017   posts 870
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.
Membre depuis Apr 04, 2020   posts 48
Jul 16, 2020 at 06:26
The trading tool must really be of sufficient quality and effective.
Membre depuis May 13, 2019   posts 24
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
Membre depuis Apr 01, 2020   posts 227
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.
Membre depuis Sep 27, 2019   posts 9
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
Membre depuis Aug 09, 2017   posts 598
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.
Membre depuis Aug 27, 2017   posts 875
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.......
Membre depuis Aug 11, 2017   posts 870
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.
Membre depuis Feb 22, 2011   posts 4573
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
Membre depuis May 24, 2020   posts 102
Jul 21, 2020 at 07:18
Learning to choose the right trading tools is very important.
Membre depuis Feb 07, 2020   posts 40
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.
Membre depuis Jul 20, 2020   posts 278
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.
Membre depuis May 24, 2020   posts 102
Aug 16, 2020 at 04:48
Good tools make trading more comfortable and profitable
Membre depuis Jul 19, 2020   posts 749
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.
Membre depuis Jul 19, 2020   posts 33
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.
Membre depuis Jul 23, 2020   posts 696
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.
Membre depuis Jul 20, 2020   posts 172
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.
Membre depuis Jun 16, 2020   posts 27
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.
Membre depuis Aug 09, 2017   posts 598
Oct 07, 2020 at 07:53
the best trading tool is experience which comes from long time knowledge and practicing.
Membre depuis Jul 19, 2020   posts 742
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.
Se connecter / S’inscrire to comment
You must be connected to Myfxbook in order to leave a comment
*Lutilisation commerciale et le spam ne seront pas tolérés et peuvent entraîner la fermeture du compte.
Conseil : Poster une image/une url YouTube sera automatiquement intégrée dans votre message!
Conseil : Tapez le signe @ pour compléter automatiquement un nom dutilisateur participant à cette discussion.