#TradingTools101 Main categories of tools

1. Trading platforms

Examples: MetaTrader 4/5, TradingView, cTrader. They offer order execution, advanced charts, indicators, and automated trading.

2. Charting and technical analysis software

They allow visualization of trends, patterns, moving averages, Fibonacci retracements, and more. TradingView and NinjaTrader are often highlighted.

3. Real-time data sources and news aggregators

Key elements like Bloomberg, Reuters, or economic calendars (ForexFactory, Investing.com) help anticipate macro events that affect the market.

4. Risk management tools

They include position size calculators, stop-loss orders, and diversification to control potential losses.

5. Back-testing and simulation

Programs like QuantConnect or the MetaTrader tester allow you to evaluate strategies with historical data.

6. Trading journal

Recording trades (entries, exits, reasons, and results) helps analyze and improve performance. Known tools: Edgewonk, Tradervue.

7. Auto-journaling and trade copiers

They automate transaction recording and allow replicating trades between accounts.