Traders Required Tools |
1st Tool (Charts): You need a reliable source for your charts. You should be able to draw trendlines, support and resistance lines, place indicators.
2nd Tool (Risk Management): An even more important tool than the 1st is how to manage risk. A successful trader sticks by his risk (money) management rules. A good tutorial can be found here.
3rd Tool (Required Reading):
a.) Steve Nison: Japanese Candlestick Charting Techniques
b.) Marcel Link: High probability Trading
c.) Mark Douglas: Trading in the Zone
4th Tool (Recommended Videos)
Finally, sign up for a demo/live account at our sponsored Forex broker, FXCM.
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