subject: Forex Trading Tools-Must Have for Successful Trading [print this page] Forex Trading Tools-Must Have for Successful Trading
Getting in depth information of your trades and financial instruments, yet monitoring your broker/s performance and integrity are necessary tool. These Forex trading tools provide will become crucial on your day to day trading, from gathering statistics, monitoring your broker's connection, monitoring your spread, comparing broker's, automate your trades and much more.
I have listed few Forex trading tools for your tool-box to successfully and effectively trade. They are:
DATABASE: A DBMS is a set of software programs that controls the organization, storage management, and retrieval of data in a database. DBMSs are categorized according to their data structures or types. The DBMS accepts requests for data from an application program and instructs the operating system to transfer the appropriate data such as free accurate GVI daily Forex database
ACCESS DATA: Chart Points- Popular currency trading technical indicators updated daily. Data access typically refers to software and activities related to storing, retrieving, or acting on data housed in a database or other storage area.
PLOT CHARTS: A plot is a graphical technique for presenting a data set drawn by hand or produced by a mechanical or electronic plotter. It is a graph depicting the relationship between two or more variables used, for instance, in visualizing scientific data. Plots play an important role in statistics and data analysis. FX-Trek Charts- Plot Forex charts using FX-Trek. USDX Chart are good trading tools.
FOREX FORECASTS: Can be found in weekly Global. You must view a month ahead fundamental currency forecasts for major currencies. A financial forecast is normally an estimate of future financial outcomes for a company or country (for futures and currency markets). Using historical internal accounting and sales data, in addition to external market and economic indicators, a financial forecast is an economist's best guess of what will happen to a company in financial terms over a given time period -which is usually one year.
MARKET TRACKER: Daily survey of key financial market indicators
MONTHLY SURVEY: Monthly Forex forecasts from survey of professional traders.
ANALYSIS RESOURCES: Such as Quick links are a main source for data and central bank links and Forex External links are good resource for Forex traders.
LIVE QUOTES- Live Forex rates, equity indices and commodities.
