What is Trading Tools?
Trading Tools is collection of tools people use for trading. In this section I will discuss different tools which Traders use for trading. Note this is practical section not a theoretical one.
I have separate section which deals with Technical Analysis tools and indicators. You should read that section if you want to understand different tools and indicators.
You can use these tools alone or collection of tools to create your own trade plan. I may also create or share Excel Sheets or Online Calculators for Technical Indicators in this section as well. So if you are not sure about how to use the particular tool you can view the video created for the tool or read the material accompanied with it.
I have discussed each of the tool in details. There is video tutorial both in Hindi and English for each tool discussed in this section. You must watch the video to understand it before using it.
Why use Trading Tools?
Trading tools provide you added arsenal for your trading plan. Every trader is different and every one has different needs. There are so many tools and indicators out there that people get confused which one to use and which one not to use.
The simplest answer is There is no holy grail or wonder tool. Each of the tools or indicator is effective. The most important part is how you are using it for your own benefit.
More than that which tools compliments your thought process and helps you make better that. The best way to know it is use it and modify it as per your own liking.