Trading tools are a critical component of forex trading as they act as an aid to decision making. Correct and consistent use of trading tools will lead to better strategies, better decision making and better interpretation of market conditions.
This article focuses on some of the trading tools that have been made available by the Dukascopy website. The main aim is to see how these function and how they can be of use in forex trading.
Getting to the trading tools.
The trading tools are available on the Dukascopy website, www.dukascopy.com under the market info section. Fig 1 shows the steps to the trading tools on the website.
Fig 1: Graphical representation of the steps to trading tools.
Step 1: Go to www.dukascopy.com
Step 2: Click on the market info section
Step 3: Select the required trading tool from the drop down menu of available trading tools.
Now we can discuss how some of the trading tools can be of assistance in the trading journey.
- SWFX Sentiment Index