Let’s face it…
Despite of how good you might be in any profession, you will likely be using some tools to help you save time and also to provide leverage of your time.
And we are strong believers of using tools to make life easier.
These are Professional Forex Tools.
Of course, there are many tools out there that is available.
We want to highlight that not all tools that is created is good.
In fact, a good 90% of the tools out in the Forex world are just crap.
So before you rush out and invest on the next best looking Forex tool, it might be wise to take a look at some of the tools that we personally use in our everyday trading that actually help us save time and some tools actually help us make money.
Let us be upfront that some of the tools we recommend are free and some are paid services.
The tools that we will cover include…
1. Metatrader 4 Expert Advisors
– Expert advisor are really good for beginners because it trades for you on auto-pilot. It’s created based on a set of rules and programmed as EA. We will be covering some of these Expert Advisors that we have used and made good profit for us.
2. Signal Services
– Also excellent resource for new and intermediate traders to get a feel of how professional traders operate. Good signal service will include explanation of why a trade is taken. So this is good to understand why a trade signal is generated and more importantly to learn from the logic of entering into the trade.
3. Forex Indicators
– Various indicators out in the market. In fact, scroll down to the bottom to get a copy of 1000 trading indicators from us. But there are some indicators that has been customized to generate reliable buy/sell signals based on a set of trading rules. Indicators are normally not automated and for intermediate to professional traders.
4. Technical Scanners
– We love technical scanners because it allows us to scan the market everyday for the best trade set up based on the technical criteria we have entered. There are not many out there. The good ones are really expensive but we will have one excellent technical scanner in our list that we highly recommend.
5. And even Forex Brokers
– With all the tools above, if you broker is unreliable, all counts for nothing. We have 3 brokers in our panel that we use and highly recommend. And of course, if a broker closed down, that’s probably the worse thing that can happened. We got burnt in the past by some brokers when they shut down. So we are extremely cautious with brokers these days.
You don’t have to get all of it to be successful in trading. But it helps plenty in your trading journey.
For us, anything that makes money for us is worth investing.
Likewise, anything that saves us time… that’s priceless.