#TradingTools101
๐ 1. Charting Platforms
These help analyze price movements, trends, and patterns.
TradingView โ Intuitive charts, social features, supports stocks, forex, crypto.
MetaTrader 4/5 (MT4/MT5) โ Popular with forex traders, supports indicators and automated trading.
Thinkorswim โ Advanced tools for technical analysis (US-based).
๐งฎ 2. Technical Indicators
Used to analyze historical data for trade decisions.
Moving Averages (MA, EMA)
Relative Strength Index (RSI)
MACD (Moving Average Convergence Divergence)
Bollinger Bands
Fibonacci Retracements
๐ฐ 3. News & Economic Calendar Tools
Stay updated with economic events that impact markets.
Forex Factory
Investing.com Calendar
Bloomberg / CNBC
Earnings Whispers (for stock earnings reports)
๐ ๏ธ 4. Broker Platforms
Where you actually place trades.
eToro โ Social trading.
Interactive Brokers โ Professional-level tools.
Robinhood / Webull โ Beginner-friendly (US-focused).
Binance / Coinbase โ For crypto trading.
๐ 5. Risk Management Tools
Protect your capital and control losses.
Stop-loss & take-profit orders
Position size calculators
Trading journals (Edgewonk, TraderSync)
Backtesting software (e.g., Strategy Tester in MT4)
๐ค 6. Automation & Bots
Tools that execute trades based on pre-set rules.
Pine Script (TradingView) โ Custom indicators and bots.
Expert Advisors (MT4/MT5) โ Automated forex trading.
3Commas / Pionex โ Crypto trading bots.
๐ 7. Education & Community
Learn and grow with others.
BabyPips โ Excellent for forex beginners.
Reddit (r/Trading, r/Daytrading)
Twitter/X โ Follow pro traders.
Discord / Telegram groups.
