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Must have tools for Forex?


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  #1 (permalink)
 Magiklair 
Alexandria, Minnesota
 
Experience: Beginner
Platform: Ninja trader
Broker: IB / IQFeed
Trading: Forex
Posts: 135 since Jun 2014
Thanks Given: 30
Thanks Received: 38

Hello,
What are your most have tools for trading Forex? I would say NT for myself. But was looking into jigsaw tools and their ordering flow tool.. Any feedback would be greatly appreciated!
Regards,
Brian


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  #3 (permalink)
 chesspool 
spartanburg+sc
 
Experience: Beginner
Platform: ninjatrader
Trading: forex
Posts: 8 since Oct 2012
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I have been trading the forex market for about four years now, (live), and no where near full time, but I have found only one indicator that is important to my trading; that is, the RSI. Other than that I just look left; Structure does leave clues. Hope this helps.


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  #4 (permalink)
 Magiklair 
Alexandria, Minnesota
 
Experience: Beginner
Platform: Ninja trader
Broker: IB / IQFeed
Trading: Forex
Posts: 135 since Jun 2014
Thanks Given: 30
Thanks Received: 38

Okay thanks for the reply. I'll look into that..


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  #5 (permalink)
praptopro
sumbawa+indonesia
 
Posts: 11 since Nov 2013
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DO you mean the tool of trading strategy???
In forex, trading tools is needed and it must for our goal in trade.
I've used many tools and attached it to my metatrader of liteforex broker and some others


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  #6 (permalink)
 Magiklair 
Alexandria, Minnesota
 
Experience: Beginner
Platform: Ninja trader
Broker: IB / IQFeed
Trading: Forex
Posts: 135 since Jun 2014
Thanks Given: 30
Thanks Received: 38


praptopro View Post
DO you mean the tool of trading strategy???
In forex, trading tools is needed and it must for our goal in trade.
I've used many tools and attached it to my metatrader of liteforex broker and some others

Not trading strategy. But trading tools.. Yes, use ninja trader


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  #7 (permalink)
 androiduser14916 
New York
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES
Posts: 16 since Jan 2014
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I love Ninjatrader too. But I think the charting is not as smooth as other software like CQG.


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  #8 (permalink)
ChristosZora
Canada
 
Posts: 5 since Nov 2014
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RSI and Fibonacci are my main tools. I like to keep my chart clean. Of course the trend lines and such are a must, learn to read price action, indicators are way too laggy and only tell you after the fact.


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  #9 (permalink)
sensei
Malang, Indonesia
 
Posts: 11 since Dec 2014
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i use a news alert calendar within my mt4 platform, it help me much and saves time, it also equipped with alert when any important news about to release.


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  #10 (permalink)
 
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 Fadi 
Luxembourg
 
Experience: Advanced
Platform: NinjaTrader
Broker: IB / Kinetick
Trading: ES, CL
Posts: 484 since Apr 2012
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I've found price bands or envelopes combined with a momentum indicator to work best for my Forex system.
Of course the choice is yours as to what to choose, how to trade them, and on what time frame.
They are basically all similar to some extend: you know that your overall trading result would depends on your money management plan more than anything else.

Price Bands example:
1. Keltner Channel
2. Bollinger Bands
3. Donchian Channel
4. etc...

Momentum Indicator:
1. MACD
2. TSI
3. Stochastic
4. etc...


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Last Updated on December 24, 2014


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