Tools of Forex Trading
The tools I use to succeed at forex trading, & the tools I recommend to you to assist you to succeed in forex trading.
Below you will find my recommendations for what I consider to be the top 5 absolutely essential tools that I use everyday in my forex trading. I use each & every one of these tools so you can rest assured that this is not just some simple plug for commissions, but honest recommendations on tools & software to gain & sharpen your trading edge.
Before you jump into the list below of the tools I recommend, a little disclaimer...
Some of the links below are affiliate links, which means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. Please understand that I have experience with all of these companies, & I recommend them because they are helpful & useful, not because of the small commissions I make if you decide to buy something. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Edgewonk - The Trading Journal
I am a huge fan of 'improving your trading edge' so when Edgewonk came along & offered to "find out where & how to change your trading to become a better trader step by step", I was very excited. You can find out more at Edgewonk's Site, but needless to say I am very impressed with the ease at which you can journal your trades & learn how to improve your trading in one convenient tool. A free trial is available here & you can also purchase the Edgewonk Bundle (Trading Journal & 12 Week Program) here. Best of all, it's a one time cost with no monthly fees.
FX Synergy is the ultimate trade management solution for MT4. Designed by professional traders looking for a better way to manage their trades using the MetaTrader platform. FX Synergy has all the functionality you need to successfully execute & manage your trades, without all the usual hassles. FX Synergy is packed with powerful & unique features, & is designed from the ground up to be quick & easy to use.
BeeksFX VPS (Virtual Private Server)
In my view a BeeksFX VPS is essential in my trading. I know that I can trade from any device, anywhere...safe in the knowledge that my trades are running & maintained on a cloud connected server that is supported 24/7 by the team at Beeks. Not only this, but the connection to broker is lightning fast & clients have a choice of London or New York Data Centres.
Littlefish FX Mastercourse
Simply the absolute (in my humble opinion) best bang-for-buck trading course out there for beginners & experts alike. The Littlefish FX Forex Mastercourse is put together by a team of expert traders & gives you the essential training & tools to learn the art of forex & get an edge over the market.
The course includes 24 chapters, leading forex indicators worth over £2,500 (including for Ninjatrader: Pin Bar Indicator, COT Indicator, Psych Indicator, Order Flow Volume & Delta Suite & Order Flow Trader plus a new MT4 Indicator Package).
Ninjatrader Trading Platform
In conjunction with the Forex Mastercourse, one of the most popular trading platforms used by forex & futures traders in Ninjatrader. The platform allows users to chart, develop, simulate & trade, & you can get started for free. Ninjatrader is absolutely free until you decide to live trade with it. An absolute must for market technicians (again, in my humble opinion) & a wonderful way to learn the advanced intricacies of the forex market.
Whilst there are many more tools available in the forex market today, these are the 5 that I consider to be essential to trading success & sharpening your trading edge. With these tools, you will be able to analyse your trading, run & copy trades to other accounts, have a safe & reliable server to back up your trades, learn how the big boys trade with their own tools included & finally, run the platform that 100's of thousands of other traders use on a daily basis.
I hope & trust you enjoy using these tools in your own forex trading. If you find value in any of them or if you have any questions, please shoot me an email here.