#TradingTools101 Here’s a 150-word bullet-point guide for #TradingTools101:
🖥️ Charting Platforms:
TradingView: Popular for real-time charts, indicators, and social trading ideas.
MetaTrader 4/5: Best for forex and algorithmic trading.
Thinkorswim (by TD Ameritrade): Advanced tools for options and futures.
📊 Technical Indicators:
MACD: Measures momentum and trend direction.
RSI: Identifies overbought/oversold levels.
Bollinger Bands: Useful for volatility and price range detection.
📈 Screeners & Scanners:
Finviz: Free stock screener with filters for volume, price, RSI, etc.
TrendSpider: Automated chart analysis and backtesting.
Chartink (for Indian stocks): Real-time screening with custom filters.
💡 Risk Management Tools:
Position Size Calculators: Helps determine how much to trade.
Stop Loss/Take Profit: Crucial for limiting losses and locking in gains.
🧠 Strategy Tip: Combine tools; never rely on one indicator.
Want a setup for crypto-specific trading tools?