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Tools to trade.

Sep 15, 2019 at 08:17
2,238 개의 뷰
67 Replies
Oct 05, 2019 부터 멤버   게시물37
May 06, 2020 at 07:02
Roberto21 posted:
In my opinion , major currencies like EUR, USD, JPY, GBP etc can be a few to keep in mind while trading for profit. Others currencies are also good but I think these pairs can be high riskier and less liquid too.

Certainly these pairs are the most traded ones among traders by virtue of their very nature.
Aug 11, 2017 부터 멤버   게시물886
May 07, 2020 at 08:38
in order to me , the best way is for someone to get a demo account and then try Forex trading without the benefit of any training or even reading of the basic of Forex trading, this way , you will get confused a lot and therefore , if you get attracted to the trade, you will search the web and find out and learn about the things which are making you confused.
Feb 18, 2020 부터 멤버   게시물19
May 13, 2020 at 17:33
the best tools is your brain and experience. the big amount of 'ammunition' and 'weapon' can make you slow and ineffective.
don't chase tools - chase knowledge and experience
Mar 02, 2020 부터 멤버   게시물14
May 14, 2020 at 13:28
Roberto21 posted:
So many experience traders always suggest us to acquire good trading knowledge by learning to keep survive in Forex in a proper way. But according to me , only trading skill is not good enough to make profit consistency devoid of ensuing exact trading discipline and money managing plan.

so what else you need to have? Beside knowledge and trading skill?
Mar 03, 2020 부터 멤버   게시물12
May 16, 2020 at 00:07
eleonorashatik posted:
Roberto21 posted:
So many experience traders always suggest us to acquire good trading knowledge by learning to keep survive in Forex in a proper way. But according to me , only trading skill is not good enough to make profit consistency devoid of ensuing exact trading discipline and money managing plan.

so what else you need to have? Beside knowledge and trading skill?

experience, A LOT of experience.
Aug 11, 2017 부터 멤버   게시물886
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.
Apr 04, 2020 부터 멤버   게시물57
Jul 16, 2020 at 06:26
The trading tool must really be of sufficient quality and effective.
May 13, 2019 부터 멤버   게시물26
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
Apr 01, 2020 부터 멤버   게시물231
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.
Sep 27, 2019 부터 멤버   게시물10
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
Aug 09, 2017 부터 멤버   게시물785
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.
Aug 27, 2017 부터 멤버   게시물994
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.
Aug 11, 2017 부터 멤버   게시물886
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.
vontogr (togr)
Feb 22, 2011 부터 멤버   게시물4862
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
May 24, 2020 부터 멤버   게시물112
Jul 21, 2020 at 07:18
Learning to choose the right trading tools is very important.
Feb 07, 2020 부터 멤버   게시물41
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.
Jul 20, 2020 부터 멤버   게시물341
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.
May 24, 2020 부터 멤버   게시물112
Aug 16, 2020 at 04:48
Good tools make trading more comfortable and profitable
Jul 19, 2020 부터 멤버   게시물751
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.
Jul 19, 2020 부터 멤버   게시물34
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.
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