#TradingTools101 in the trading world, the right tools are 50% of success. Here is the basic set that you cannot do without:
TradingView — your market map.
Perfect for technical analysis: charts, indicators, patterns. Lots of customization, convenient to monitor multiple assets simultaneously.
MetaTrader 4/5 — the classic of the genre.
Used for trading on Forex, CFDs, indices, and commodities. Simple functionality, rich selection of robots and experts.
Sentiment Tools (for example, Santiment / Coinglass)
Market sentiment analysis: greed, fear, open positions. What shows what the crowd thinks.
Risk Management Calculator
Without risk management — money disappears instantly. Calculate position size, stop-loss, and take-profit wisely.
Alerts & Bots (for example, 3Commas / TradingView Alerts)
Automate part of the processes. Signals, chart monitoring, and even auto-trades — all under control.