Tools and Resources For Your Trading
Over the years I have tested, traded with, and payed for and a LOT of indicators, systems, tools, resources, charts, books.
I have used and tried many things in the search to become better; such as how I could remember faster and longer, how I could sleep better, what are the best super-foods, what are the best teaching methods for my students to learn faster and retain longer.
I only share a tiny fraction of this. Why? because most of it is junk and wasted my time, let alone sharing with you and wasting your time to!
The tools both created like journals, cheat sheets, checklists, blueprints etc, or the others recommended by third parties such as Forex Tester or books have all been used, read or are never recommended.
MT4 / MT5 / C-TRADER BROKER CHARTS
One of your biggest costs as a trader is your broking such as; spreads & commissions. Not only that but, if you are constantly keeping an eye on what you brokers is charging you, it means you can't concentrate where you should be.
You need to have absolute trust in your broker. You can get a FREE demo with the correct New York close 5 Day Week charts.
FOREX TESTER 4
As a Forex School Online follower you can download a FREE demo tester and test out and back-test your trading. This tester literally allows your to make a years worth of trades in a few hours which you really cannot do any other way.
2 X FREE MT4 INDICATORS
The reason MT4 has been so popular is because whilst being incredibly simple, it can handle a huge amount.
This includes being able to use EA's and indicators to make life easier; from making and managing trades to things like finding extra time frames and know what our risk management is inside our account.
TRADE ENTRY / RISK SIZE CALCULATOR
Do you know how much money to risk? Do you know if you are risking way too much and may accidentally blow your account, or not enough?
You should be working this out before every single trade and doing it with this calculator.
BEST TRADING BOOKS
A solid way to gather good information from a lot of interesting people you would have to pay a lot more money for the same personal experience is through reading their ideas in books.
I have read a lot of trading books and most of them are extremely dull and boring. Long pages with tightly bunched together small text that make your eyes hurt to read. I am not sure why. Trading is exciting and these books here are the best I have read.
Losing a million dollars is quite different in that it actually tells a bit of a story and goes through a bit of a plan at the end. I give this top marks for being interesting.
JOURNALS & PLANS
If you do not have a journal and trading plan, then you need one.
Serious traders who have trading rules, follow their trading and then evaluate how they are going to increase their profits have a #1: Trading plan and #2: Journal.
Could you imagine a business not tracking their profits or loss or a casino not knowing if the house was winning or not? This would be the same to a trader not using a journal to know if they are making money and how they could improve over the other traders.
You can find the journal and example on create a plan to find A+ trades in the bonus's section of the Beginners Course.