Best trading tools about which most of the new comers are unaware.

[atiqrehman]

Yes i agree with you most of new comer do not know about techniques and trends of trading when i start trading last year i also lost my lot of dollars due to lack of experience moving average some time support but when market volatile your indicator failed

[zahidrock]

many best tradings tools are available in the market so that the new customers should use them but I would like to say that if you do not know how to use the tool well then it is better that you should not use those tools

I think before using any trading tools every trader need to test it on demo account. And on there they can easily learn about that tools. I think this is the best method to learn about that tools.

[enter]

the best tools that i have use it to make the trading on the forex is also the indicator only , i am also use the indicator to make the trading on the forex, because just the indicator is helping me to make some good analysis on my trasding

[esif]

Best trading tools about which most of the new comers are unaware

There are many best tools in forex, from which new traders are not aware, and they waste their time on non working things, like lagging indicators etc, so i will suggest new traders should give attention to followings,
News Trading (forex calendar)
Fibonacci retracements
Pivot points
Chart patterns...

[assi]

many best tradings tools are available in the market so that the new customers should use them but I would like to say that if you do not know how to use the tool well then it is better that you should not use those tools

[gujarati]

Professional traders usually use moving averages to determine the direction of the forex market, and other indicators as RSI and MACD, it is only a confirmation of the direction of moving averages, but do not forget to trading with the economic news.

[laxman]

I always Moving Average Indicators in my trade. I use this indicator because not every trader uses technical analysis. I like moving average crossovers. I make profit from them very well, but I prefer naked trading for now.

[yola]

I will discuss here about the two of the best tools being used in the trading one is moving average indicators and the other is momentum rooted indicators. Both are very important in my point of view.
Moving average indicators help the traders in finding out the market trend whereas the other momentum rooted indicators warns the traders of sudden future price movement.

hi friends,

in my point of view, i think that's best for those who come new in this trade to go ahead slowly with small trading. Demo account is preferable for to avoid bankruptcy.it maybe strictly suggested that newcomer should know details of forex trading and follow accordingly.
good luck

[ashwini]

you are right that moving average is one of the best indicator for know the trend. and follow it. its given the best result on the higher time frame. and also use some other indicators for getting best result. like am use macd, cci, fractal , pivotpoints, stockhastic and bollingerbands with the moving average. and my result is 70% success rate.

[hassaan]

Thank you very much of highlighting very good thing and i was actually not aware with some of the things you mentioned above and this post is very helpful for me in finding the problems i was making during my trades.I think i am going to try these options soon .