The best tools for successful analysis and trading

[Sameeh]

The best tools that it is used for trading and analysis of the market are the strong tools that help for reading of the chart well and help the trader to find the proper way or direction of the market at the time of trading and so the trader will not be confused and will be able to follow the strong way of the market.

1- The trend, this is the best tool that tell us about the current movement of the market and help us also to determine the future movement if the trend is strong enough and will continue moving in its direction and following of the trend always profitable and always makes the traders win especially if the trader trade with the trend on the high time frames.

2- Support and resistance levels are a good tool also for determine of the best and strong levels that can the trader trade with and so this will decrease the risk and will let the trader to make money and also will let the trader to determine the best entry and exit positions and also determine the points of stop loss.

3- Candlestick patterns also are good for trading especially if the candlestick follow the trend and so this will give good confirmation for entrance of the market and let the trader to open positions and make money, also the candlestick patterns can also give good confirmation with the help of support and resistance levels too.

[FXOpen Trader]

The best tools that it is used for trading and analysis of the market are the strong tools that help for reading of the chart well and help the trader to find the proper way or direction of the market at the time of trading and so the trader will not be confused and will be able to follow the strong way of the market.

1- The trend, this is the best tool that tell us about the current movement of the market and help us also to determine the future movement if the trend is strong enough and will continue moving in its direction and following of the trend always profitable and always makes the traders win especially if the trader trade with the trend on the high time frames.

2- Support and resistance levels are a good tool also for determine of the best and strong levels that can the trader trade with and so this will decrease the risk and will let the trader to make money and also will let the trader to determine the best entry and exit positions and also determine the points of stop loss.

3- Candlestick patterns also are good for trading especially if the candlestick follow the trend and so this will give good confirmation for entrance of the market and let the trader to open positions and make money, also the candlestick patterns can also give good confirmation with the help of support and resistance levels too.

If we want to become a successful trader in the business of Forex trading then we have to understand about the Market Trends first so that we can get Profits from our trading.

[Katrina]

Technical indicators would be utilized by traders for obtaining insight into the supply as well as demand of securities and market psychology. Together, these indicators would be forming on the basis of technical analysis.

[Quiinhome]

The best tools that it is used for trading and analysis of the market are the strong tools that help for reading of the chart well and help the trader to find the proper way or direction of the market at the time of trading and so the trader will not be confused and will be able to follow the strong way of the market.

1- The trend, this is the best tool that tell us about the current movement of the market and help us also to determine the future movement if the trend is strong enough and will continue moving in its direction and following of the trend always profitable and always makes the traders win especially if the trader trade with the trend on the high time frames.

2- Support and resistance levels are a good tool also for determine of the best and strong levels that can the trader trade with and so this will decrease the risk and will let the trader to make money and also will let the trader to determine the best entry and exit positions and also determine the points of stop loss.

3- Candlestick patterns also are good for trading especially if the candlestick follow the trend and so this will give good confirmation for entrance of the market and let the trader to open positions and make money, also the candlestick patterns can also give good confirmation with the help of support and resistance levels too.

Thank you so much, It's really very helpful for new traders. I also support you.
Thanks

[Katrina]

You could also used to automated forex trading software runs on a program that woudl be analyzing thecurrency price charts as well as other market activity over multiple timeframes.

[toniqu]

try to forex manager is good for trading and also help with risk

[Katrina]

Nice to know, but I woudl prefer manual trading and I am still on learning mode, will look for other options later.

[maby81]

The trends are key and in helping you ascertain how the market is acting, and you need to be careful in establishing what is going on as best as you can as this will afffect your decision making.
The candlestick patterns are undeniably important but I feel that some traders tend to focus way too much on them.
The support and resistance levels will affect the entry and exit levels, so yes they need to be taken seriously.
All in all they are all important but you need to back them up with your experience as well as intuition and data.

[jesicavery]

The best tool for me was first of all information about safe unsecured business loans. Very few businesses can achieve any kind of growth without external funding of some kind. If you’ve reached the point where you need financial help, it’s probably a good sign that your business is growing. With unsecured business loans, the lender relies on alternative sources of data to make a decision on whether to extend the company a loan. Because there is no security or collateral involved in the transaction, unsecured business loans are more expensive than secured loans. However, most small business owners are willing to accept the higher cost of finance because it means they are able to grow their business at a rate that is higher than the cost of the funding.

[FXOpen Trader]

The best tool for me was first of all information about safe unsecured business loans. Very few businesses can achieve any kind of growth without external funding of some kind. If you’ve reached the point where you need financial help, it’s probably a good sign that your business is growing. With unsecured business loans, the lender relies on alternative sources of data to make a decision on whether to extend the company a loan. Because there is no security or collateral involved in the transaction, unsecured business loans are more expensive than secured loans. However, most small business owners are willing to accept the higher cost of finance because it means they are able to grow their business at a rate that is higher than the cost of the funding.

To be able to become a successful trader in the business we will need to do more Efforts from our side.