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Trading Tools

Regardless of what type of market analysis a trader uses, there is a set of tools needed in order to do the job effectively. Traders can not do everything themselves and need certain tools to carry out particular functions to get them through the day. Not having them could mean failure. Obvious basic tools are a computer, phone or tablet, additional monitors, internet access, a charting package, technical analysis tools and an execution platform.

Less obvious perhaps are a checklist, a cheat sheet, a trading journal, a stock screener, a calendar, a currency correlation tool, specific reports, a market hours timetable, a news squawk, a handy tool to calculate pivot points or an optimal position size calculator. Whether they are charting tools, or news gathering tools, whether they are high-tech tools or low-tech tools, whether you find them online or offline, serious traders rely on various must-have tools to support them. Selecting the right ones is crucial for smooth and efficient trading.
nalinakshi nalinakshi CEATLTD, D, Education
CEATLTD:  I have posted  how one  can identify  the move of price
130 0 3
CEATLTD, D Education
I have posted how one can identify the move of price

above you see price is in range and ADX below 20 and tht is lthe calm . sell call is ltriggered when _ve DMI mad 2nd peak in the highlighted area, and the sell off became aggressive when it fell belwo the l50 day moving average, though indicators are lagging if you learn to read carefully , they will alert you what to do

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