#TradingTools101

🧰 Core Categories of Trading Tools

1. Charting Platforms

Examples: TradingView, MetaTrader, ThinkorSwim, NinjaTrader

Used for: Price analysis, drawing trendlines, indicators, patterns

2. Technical Indicators

Moving Averages (SMA, EMA)

RSI (Relative Strength Index)

MACD (Moving Average Convergence Divergence)

Bollinger Bands

Fibonacci Retracement

3. Fundamental Analysis Tools

Earnings reports, economic calendars (e.g. FOMC meetings, CPI data)

News aggregators (e.g. Benzinga, Bloomberg, MarketWatch)

SEC Filings, company reports, analyst upgrades/downgrades

4. Order Types & Broker Platforms

Market, limit, stop-loss, OCO (one cancels other)

Brokers like Robinhood, TD Ameritrade, Interactive Brokers

5. Risk Management Tools

Position size calculators

Stop-loss planning

Risk/reward ratio assessment

6. Backtesting & Simulators

Strategy testers to simulate trades with historical data

Paper trading accounts for practice without real money

7. Community & Social Trading

Reddit (e.g., r/stocks, r/Forex), Discord groups, forums

Copy trading platforms like eToro or ZuluTrade