My Youtube channel, Trading & Wealth Management

Trading tools. Secrets of profitable trading

My today’s video about trading tools. Almost all beginners use a lot of indicators. But the more indicators you use – the more difficult for you is to take trading decisions (specially right trading decisions). So, here is few trading tools you really need

  1. Fundamental factors. Look at fundamental factors that influence your maket. For example,  unemployment data, interest rate hikes, if you trade stock market.
  2. COT report. Look what big players are doing. There is no secret, big players are mostly right and retailers are not. That’s an easy.
  3. If you are beginner, you can use some indicator to find out when the market is overbought or oversold.
  4. Don’t forget about seasonal influence. It will give overview of possible future movement.

Good trades!