#TradingTools101 Great! Here's a beginner-friendly overview of Trading Tools 101 — a foundational guide to the essential tools used by traders in the financial markets:
$BTC $BNB Trading Tools 101: Essential Tools for Traders
Whether you're into stocks, forex, crypto, or commodities, you'll likely use some of the tools below:
Charting Platforms
These allow you to analyze price movements, trends, and patterns.
Popular platforms:
(very beginner-friendly, great for crypto & stocks)
MetaTrader 4/5 (commonly used for forex)
Thinkorswim (by TD Ameritrade, great for U.S. markets)
Features to look for:
Candlestick charts
Drawing tools (trendlines, Fibonacci retracement)
Technical indicators (RSI, MACD, Bollinger Bands)