What apps or software do you find most helpful in your trading?

[shooky]

I’m trying to figure out which tools can help me the most. I know there are many apps and software out there for analyzing charts, managing trades, and keeping up with market news. I’m curious to learn from more experienced traders. What apps or software do you find most helpful in your trading? Any recommendations would be greatly appreciated!

[ria_rose]

Hellooo! I mostly use TradingView (for the charts and trade ideas) and MarketMilk (to confirm positions I’m thinking of opening). But you might also want to read this thread! It’s a bit old, but there were a lot of good apps mentioned like Bloomberg, Yahoo Finance etc.

Do you use any apps for trading?

Hellooo. I was just wondering, apart from the trading apps provided by your brokers, do you have any other apps that you use for trading? Idk, maybe something like the Bloomberg app for the news or something. I got a new phone recently and I kinda wanna maximize the memory with more trading apps. Thank youuuuuu.

[Clear_Trades]

I use trading view, mt4, myfxbook for position size calculation and checking if news will hit today, and a place to journal my trades (I do it in my tg channel).

I found discord also a good place to journal. Just create your own channel and then take a screen shot of the trade before and after with some reasoning pm why you took it.

I don’t use any other tools. If I were to trade the 1 min chart, I’d probably be looking at a trade manager for mt4 which can automatically calculate position sizing. I’d also record my screen of I were to trade short time frames so I can see my execution.

[igillman]

Not so much an app, there is a website called “CentralCharts” which I use to scan the various currency pairs looking for patterns/indicators etc…

[Mondeoman]

@Clear_Trades

I found discord also a good place to journal. Just create your own channel and then take a screen shot of the trade before and after with some reasoning pm why you took it.

that is a good idea. I send myself links to articles I want to read later by WhatsApp with a short narrative text about the general subject. I have often included snapshot s of charts (eg from TradingView). I know I can archive WhatsApp, and it’s one less app I need to keep. Also handy for moving content between phone and PC/laptop/tablet or other device.

[samewise]

Tradingview to charts and order execution, myfxbook for trade history. I’m still looking for a good journal, might try to find a free template on Notion. Also use the calendar here to keep up with events. Tradingview has a news stream that I sometimes read. Also watch Bloomberg in the morning, ET. Streams for free on Youtube.

[Lee-me]

I use MT4 for trading, but I like the charting of Tradingview better, so I work on that most of the time.

[slade_456]

I use tools like tradingview, fxstreet and marketmilk for daily market news and chart analysis. Once I’ve done that, I turn to my Fxview broker for updates and check out their resources and blogs, which have been super helpful in improving my trading knowledge. This has enhanced my trading over time.

[TYGMedia]

For trading . MT5 and cTrader are my best companions. I used TradingView before. Last month I stopped using it due to an incident I couldn’t close my positions. It made me loss 3.5k

For news monitoring, I am using forexfactory and tradays.
For deeper fundamental analysis, I will navigate to different websites, too many to be listed. But the primary tools have been mentioned above. Nothing fancy or special

[shooky]

Thanks for sharing your tools! I appreciate your recommendations and thanks for pointing out the older thread as well. I’ll give that a read to see what other apps were mentioned.

[shooky]

@Clear_Trades

I found discord also a good place to journal.

The idea of using Discord for journaling trades is pretty interesting. I always thought it was mainly a messaging app for gamers, but it’s cool to see how it can be used as a private space for journaling and organizing trades. Thank you!

[shooky]

I haven’t come across that one before, but it sounds like a useful resource. I’ll take a look at it. Thank you!

[shooky]

Thanks for sharing your setup! Tradingview seems to be a popular choice.

[shooky]

Oh, interesting that you use MT4 for trading but prefer the charting on tradingview. I’ll have to spend more time on Tradingview to see how its features can help my trading. I appreciate your input!

[shooky]

@slade_456

marketmilk for daily market news and chart analysis.

Thank you. Are you using the premium subscription on marketmilk or just the regular account?

[shooky]

Thanks for sharing your experience! I’m sorry to hear about your issue with tradingview. That must have been frustrating, especially with a loss like that. I also check ForexFactory from time to time, but I haven’t used Tradays yet. I’ll look into it.

[samewise]

@TYGMedia

I used TradingView before. Last month I stopped using it due to an incident I couldn’t close my positions. It made me loss 3.5k

Was this during news or high volatility?

[ausguyforex]

Investing dot com app is the best app out there , and has been for a long time

[TYGMedia]

@samewise

Was this during news or high volatility?

Hi @samewise, There was news, but market still moved “normally” but volatile. I used Vantage and ICMarket. At vantage, the TV account uses MT5 as the back-end, when ICMarket uses cTrader.

I closed the XAU positions with TV, and as if it was done. Later on, I checked again, refreshed TV, the positions ware still there . At this time, when I clicked close many times, no reaction. In the end, I managed to close my positions with MT5 and cTrader, but the profit had gone. I lost 3.5k.

[Torchwave]

That is quite a sum you lost there. TV may have all the fancy tools but I am loyal to simplicity, trade execution, MT4. In your case, MT5.