Which Trading Tools To Use?

Autochartist and widgets work for me, mainly live currency rates and pic calculator. lots of them out there for you to choose from

The MACD (moving average convergance divergance) is one of the best tool for trading. The MACD is simply the difference between these two moving averages, which are generally a 12-period and 26-period EMA(exponential moving averages).

[B]Which trading tools to use?[/B] Are you asking or telling? looks to me like you are telling us, but if you are asking then I suggest that you start trading binary options “with calls and puts” using the simplest of trading indicators which you can understand and use with your eyes closed, not by using the ones MACD/RSI mentioned in your post.

my suggestion is to read as much as you can and try different methods until you’ll find the one that is best for you, it’s very individual.

Good suggestion.
Meta Trader4 is really a good tool used by online retail foreign exchange speculative traders. This software is licensed to foreign exchange brokers who provide the software to their clients.

Could have not said this better.

Since I trade the news, my Trading Tool is the holy Economic Calendar :slight_smile:

I really love to confirm my own results with results from TradingCentral.

Few Brokers offer TC Indicator that you can see the key levels live in your chart. But please do not follow blindly Trading Central key levels. Most time they work but nothing is holy grail!

Fibonacci Trading Signals

The best trading tool to use? Simple, get rid of all that worthless squiggly line stuff on your chart is blocking your view of the price. And use only the best trading tool out there, that’s the one above your shoulders. It’s price that pays. Allen

yes of course, trading news must mastering the fundamental analysis.
Without is you just being a looses in forex. Right now, Im active in liteforex and fxcm broker, for what?. just for making real money there.

My suggestion is to look at the chart as it is. I work on Meta Trader4. I analyse the chart technically for myself. I do not use any indicators but I use Fibonacci Retracement to determine the measure of correction and get the take profit levels. The local tops and bottoms on H4 and H1 show the main direction. In addition I look carefully at the dynamics too. If the dynamics get stronger in my direction, I look for entry on M5.

Definitely,honestly I think the lack of rules imposed on the forex has made it very hard and difficult to know what we should and what we shouldn’t use to help us trade.Relaying on Indicators/one method alone isn’t the best option as a trader, sorting/trying out different strategies and knowing the one that works well would be the surest way.

Trading the news might be one of the riskiest way to trade IMO , i might be wrong :slight_smile: Good luck

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There is a free forex signal by FX Market Leaders. The trading signals are easy to follow and allow you to trade profitably. Trading experts spot market opportunities and this makes your life much easier as a trader. FX Market Leaders has a nice track record generating high quality winning forex signals since January 2013.
A trader who uses the system only has to follow the live signals and manually copy them to the trading platform. The data of the active signal will indicate whether to purchase a put or call option on an asset.

It only works if you understand forex, if you have no prior knoweldge, you can’t get it right! Please try this indicator, eMovingAverage EA is based on one moving average Moving average is the function which is equal to an average value for the previous period. Just learn how to use it alongside the stocharstic indicator, its very profitable, you can also get it from your brokers stock of indicators!

i stumble upon forextrendy, anyone using it? it s scanning for best trend, not sure how helpful it is

Autochartist is best…

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Bullish MACD crossover along with a bullish stochastic crossover is the best combination for traders to implement and use this as entry point to trade.

Guardian Angel
You will receive messages while you are trading in order to optimize each of your investments.

These messages consist of:

:heavy_check_mark: Signal notifications on financial trends and invaluable pieces of information to keep you updated on what is happening in global markets at that specific point in time.

:heavy_check_mark: An automated feedback showing a recommended course of action based on the situation you are in, including market volatility indications and a Stop Loss calculator.