Indicators for the trading platform
Classic trading platforms are equipped with specially designed indicators that are publicly available and can be used in an individual strategy.
Their set is defined for each particular terminal. On the web you can find a large number of devices designed specifically for trading methods: wave analysis, PriceAction, Fibonacci, candlestick analysis, indicators of graphical figures. The Internet also makes it possible to purchase author's indicators for money.
In order to enter the market with high chances, it makes sense to choose more than one indicator. It is advisable to open orders correctly when the signals match, thus reducing the number of false trades.
Not every trader recognizes the help of indicators in trading. Many investors believe that it is necessary to study the situation only by the price movement without using additional funds. Despite this, software tools for trading on the stock exchange are recognized as a special type of tool with which it is easy to create your own trading scheme and calculate the sequence of actions for working on the market.
Experts
Market participants strive to create a program for their personal scheme of work and make a profit, practically without visiting the market. After all, each strategy can be issued in the form of an adviser.
Using the Expert Advisor, the trader saves his time, which was previously spent waiting for a signal or opening a position. For example, using the trial version of the strategies, which is built into the most common terminal - Metatrader, you can observe the work of the adviser on the history of some exchange asset and find the prospects for its application in reality.
The Internet is constantly updated with new advisors, mostly paid ones. The value of an instrument is determined by several parameters: profitability, persistence, drawdown rate and risk level. The effectiveness of the program-strategy does not depend on the price of the adviser.
A lot of programs offered on the network drain the deposit at some point, so they need to be used with caution. The best option would be to develop an Expert Advisor based on an already tested profitable trading scheme.
Analytical tools for traders
It may take more than one hour to study the nuances of technical analysis. Beginners want to work right away. Having mastered technical analysis, a trader gets access to Internet analytics and a huge number of financial instruments for working with currencies, precious metals and raw materials. The platforms react to signals and graphical elements, show resistance and support lines, and read candle patterns. The advantages of the application are that, using the service, you can get advice on the direction of chart movement.