#TradingTools101 Trading Tools:
1. Trading Platforms
Such as: MetaTrader 4/5, TradingView, ThinkorSwim, NinjaTrader.
Used for displaying charts, executing orders, analyzing the market.
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2. Charts
Show price movement over time.
Types of charts: candlestick, line, bar.
Used for analyzing patterns and making entry and exit decisions.
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3. Technical Indicators
Graphical analysis tools that help predict trends.
Examples:
RSI (Relative Strength Index)
MACD (Moving Average Convergence Divergence)
Moving Averages
Bollinger Bands