Trading Articles

Increase Success Ratio by these Trading Tools in forex trading

Increase Success Ratio by these Trading Tools in forex trading

Brokers play a vital role and make a life by far for traders and investors. Due to brokers only, smooth transactions in the world’s largest financial market are possible. All transactions require a middle man and it is the broker who helps to execute each trade.  The trader always focuses on reaping the profits with their trading skills and with the support material or trading tools available by brokers.

Various brokers give support to their traders in their own way such as Xtreamforex. The world’s most trusted ECN broker Xtreamforex has been serving since 2015. It commits to give the best services to their users. It provides various trading tools which help in increasing the confidence of traders.

Trading Tools to increase knowledge and profit ratio

Are you looking for a high probability of profit on trades? Maybe over the past year, you’ve managed to increase your profit ratio by using external support but do you know that it is easy for you to enhance your knowledge and profit ratio by using the trading tools of Xtreamforex?

In this article, you will learn about the different types of trading tools and the best uses of each.

Types of Trading Tools available for you

Trading tools are the resources that can be used by any type of trader in their decision-making. Following are the types of trading tools that is available for your benefit:

  • Daily Support & Resistance data
  • Daily Market News and Forecast data
  • Weekly Outlook Videos
  • XF Knowledge & Trading Educational Videos
  • Position Size Calculator
  • Economic Calendar
  • Trading Articles
  • Xtream Tutorial Guide
  • Trading Glossary
  • Free Learning Webinar
  1. Daily Support & Resistance data: Support and resistance are two foundation concepts in technical analysis. It helps the trader to take the decisions and in the practical way to read the price charts. When a downtrend is expected to pause due to a concentration of demand, support occurs. Whereas, when an uptrend is expected to pause temporarily due to a concentration of supply, resistance occurs. The trader can use it to study past prices and forecast future market movements. The daily data of support and resistance is available for traders to take the advantage.
  2. Daily Market News and Forecast data: As we all know that the market news and market forecast plays a vital role in forex trading. The forex trader uses this tool every day in making their trading decisions. Having insight in current data is an advantage to traders. But projections of the future help traders to make adjustments to their trading strategy. It also helps to alter current trades in order to change their outcome. Once you start trading at Xtreamforex, you get this daily market news and market forecast daily on your phone and email which gives you an extra edge to execute your trades with right information.
  3. Weekly Outlook Videos:  “Dollar can rise or Crude Oil growth may affect in future due to the lower economic growth of the United States”, this line is informative and will be helpful to take the decisions in trading, right ? Yes, the outlook to the going changes in the market gives an extra edge to the traders to plan their strategy of trading accordingly. On the YouTube channel of Xtreamforex, as a trader you can watch weekly outlook videos which aids in your better decision making.
  4. XF Knowledge & Trading Educational Videos: It is really a challenge for novice traders to get the right education in the beginning of their learning. In the era of the internet; tons of free forex education material is available. But they are somewhat more subjective than practical expectations. Xtreamforex takes care of both the aspects. It provides you the best and easiest way of learning by offering educational videos on their official YouTube channel.  You can access the videos on your phone and your tab.
  5. Position Size Calculator: On the website, under the education tab you can find the trading tool option. On clicking on it you will see the position size calculator which helps the traders to manage risk and to avoid blowing out your account on a single trade. With a few simple inputs, the position size calculator will help you find the approximate amount of currency units to buy or sell to control your maximum risk per position.
  6. Economic Calendar: For every type of traders, this is their first choice when it comes to making trading strategy. They spend a few minutes daily to go through the economic calendar. The economic calendar makes the traders aware of the important dates of events or releases that may affect the economic situation of the market. The significant events or releases drive the price growth in the market. You can access the economic calendar through visiting Xtreamforex website.
  7. Trading Articles: The trading is an ongoing learning process and trading articles can help the traders to enhance their knowledge. On the Xtreamforex website, you can find various trading articles. It enhances your knowledge and gives you an opportunity to read and understand about the various important topics & aspects of the trading. From risk management to zero spread and from strategy to facts or psychology of trading you can have access to such types of articles on the website.
  8. Xtream Tutorial Guide: If you are new to trading or Xtreamforex, you have not to worry at all. Xtream Tutorial Guide helps you to know the right way to start your trading journey. You find the Xtream video tutorials, you will learn how to open an account, how to make deposits and withdrawals, and many more. All Forex traders must understand basic concepts to use the Xtreamforex dashboard that allows them to trade. Understanding these few videos will help all traders in their trading career.
  9. Trading Glossary: Xtreamforex gives you the original online Forex Glossary made specifically For the Forex traders. Understanding Forex Trading Vocabulary is crucial to learn how to trade currencies and follow the Largest Financial Markets. It categorizes the trading terms according to alphabets that you will need to know about Forex Trading. Forex Glossary made for the traders to help them learn popular words, Phrases, definitions, and terms.
  10. Free Learning Webinars: This is the most favorite tool of the traders. As a trader you can boost up your trading experience with industry tips and knowledge. Experienced forex experts share their knowledge for free by weekly or monthly webinars. Every Live Webinar is followed by a Q&A session that allows you to raise your question regarding the session and helps you to take the right decision. So, you can also take the advantage of this tool to reap more profits from forex trading.