For this week’s question, you could totally say BabyPips.com and we’ll happily accept that. Ha. But if you have other trading tools you’ve recently discovered (maybe MarketMilk™? Heh) or anything that you’ve found really helpful in your trading, share them here!
It could be an online tool or a physical one - maybe your calculator has been super helpful? A notebook perhaps? A pen?? Anything!
Personally, TradingView is one trading tool I’ve found really really helpful. Granted, I didn’t discover it recently but it’s still way up there in terms of usefulness.
I know this isn’t new, but I happened to be watching a trader’s Vlog yesterday. She had blown several accounts until she found her profitable strategy. It was based on supply and demand by correlating three time frames (Monthly, Daily, and (4 hr, the intraday trading chart) two S&D zones for intraday, & two S&R zones for long term trend.
The rest of the chart was naked, without any indicators, although I would have included ATR for my S/L. What I learnt, is that the probability of the market following its wave pattern consistently by entering and exiting the zones, is a great indicator of when to take a trade.
Of course it’s only a probability, but better than 50%, IMO.
Youtube has to be number 1 for me. Its free education and has some great insights from successful traders. If I ever get stuck with some problem i can most likely find the solution on youtube.
Dillon Grech’s video series on Tradingview coding inspired me to get my own strategy coded and published.
I’m now tweaking and collecting years of data.
It used to take me an hour to backtest 1 year of data for 1 currency.
Now I do 44 pairs for 10 years in less than 1 hour.
Desire to trade podcast. Just the variety of guests and backgrounds. It’s ace to pick out the common themes too.
Better System Trader podcast. Again great guests, but as I’m designing my own algo’s I’ve been able to pickup so many titbits that have helped things fall into place.
Discord servers. The only forum that I use is baby pips, all the other forums are dead now. But since adding discord to my resource list I’ve been able to mix with the wider community and share my findings back to here.
Myfxbook. It’s been great using stats from myfxbook to review my trades and try to pick to bits where I’m going wrong.