The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another.

1. Trading Tools
Presented by
The Forex Secret

2. Trading Tools
• Brokers offer some of the instruments as a set of trading tools
already integrated with the trading platform you chose.
• However, it does not mean you are obliged to stick to them.
Numerous websites offer Forex software for free.
• As a rule, they hardly differ from those offered by a broker

3. It is not just about reading financial news or looking through Yellow
Pages round the clock.
The idea is to stay in touch with the most trusted and recognizable
outlets in the niche of trading and finance.
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Financial News-wire

4. Time Zone Converters
▪ Trading hours can make a big difference for a trader despite the
level.
▪ While major FX centers are located in different cities across the
globe (London, New York, Tokyo, and Sydney), you need to stay
tuned with the session overlaps when trading certain currency pairs
(for example, GBP/JPY).
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5. Economic Calendar
After you have collected all the essential news and trading factors, you need a
place to keep and arrange all those pieces of information. This is where an
economic calendar may help. The idea is to keep all the data easy and fast to
access. When we say "data", we mean the following:
▪ Central bank interest rates;
▪ Major economic releases;
▪ Geopolitical events;
▪ Economic statements and more.
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6. Calculators
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• A pip calculator
• A volatility calculator
• A profit calculator
• A margin calculator

7. ▪ Forex trading is all about analyzing, tracking, reporting,
and evaluating.
▪ A trader will never be able to figure out the reasons of
loss without detailed records of all steps made.
▪ While the easiest way is to learn how to trade from
professionals, the most effective way is to learn trading
from yourself.
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Trade Journal

8. Thank You
Explore more at
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Theforexsecret.com