I was just checking my email this morning, and I had several invitations to test drive different analysis tracking software programs, and trading platforms. It got me to thinking about the dynamics of the market and what tools are needed. Here are my thoughts on this:
First, everyone needs a sound platform to trade from. Frankly I do not believe that there is any one perfect fit for all trading platforms out there, I prefer those that are free. The technology is there that you shouldn’t have to pay for one if you can afford it or are just testing this industry out. Second, you need to have a sound understanding of the indicators that you are viewing; know what you are looking at and what it is telling you. Third, and what I believe is the most important: have a trading plan. Our forex trading course teaches you how to develop your own personal plan. It sets boundaries and guidelines to aid you in your trading, to help keep you on track, and keep you trading with the right mind set. Remember, trade by the signals and not by emotions or your pocket book! Happy trading 🙂
Learn what forex trading platform we use by clicking the link: Forex Trading Strategy.