#TradingTools101 #TradingTools101 Core Trading Tools (For All Markets)
1. Charting Platforms
Used to visualize price action and apply technical analysis.
TradingView – Best for all asset types; customizable indicators, social sharing
MetaTrader 4/5 – Popular in forex; supports automated trading (MT5 also supports stocks/commodities)
ThinkorSwim (by TD Ameritrade) – Advanced charting + backtesting (US traders)
2. Broker Platforms
Where you execute trades.
Binance – Popular for crypto
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📊 Technical Analysis Tools
Indicators (Built-in or Add-ons):
Moving Averages (SMA/EMA) – Trend direction
MACD – Momentum & trend reversal
RSI – Overbought/oversold zones
Bollinger Bands – Volatility detection
Fibonacci Retracement – Entry/exit levels
Volume Profile / OBV – Confirm moves with volume
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🔔 Alerts & Signal Tools
TradingView Alerts – Real-time notifications (price/indicator-based)
Autochartist / Trading Central – Pattern detection & signals
Discord/Telegram Signal Channels – Be cautious; verify credibility
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🤖 Algorithmic & Bot Tools
Pionex / 3Commas / Bitsgap – Grid and DCA bots (crypto)
MetaTrader Expert Advisors (EAs) – Fully automated forex bots
Python-based bots (custom coding via APIs) – Full flexibility
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🧮 Risk Management Tools
Position Size Calculator – Decide trade size based on stop loss %
Risk-to-Reward Calculator – Set favorable trade setups
Journal Tools (e.g., Edgewonk, Trademetria) – Review & improve trading discipline
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📰 News & Fundamental Tools
ForexFactory / Investing.com – Economic calendar (CPI, NFP, FOMC)
Benzinga / Bloomberg Terminal – Real-time news feeds (pro tools)
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🧠 Learning & Simulation Tools
Investopedia Simulator / TradingView Replay Mode – Practice without risk
Binance Academy – Crypto basics