Tools
Key Takeaways
- TradingView for charting; Forex Factory for the economic calendar.
- CoinMarketCap and Coinglass for crypto data.
- MyFXBook for verified track records; Investing.com for broad market data.
TradingView
Purpose: Charting and technical analysis. Features: Advanced charts, indicators, Pine Script, alerts, social ideas. How to use: Open a chart, mark levels, add a couple of indicators, and set price alerts so you don’t watch all day.
CoinMarketCap
Purpose: Crypto market data. Features: Prices, market cap rankings, volume, supply and exchange listings. How to use: Research a coin’s fundamentals, liquidity and where it trades before considering it.
Forex Factory
Purpose: Economic calendar and news. Features: Colour-coded impact ratings, forecasts vs actuals, and an active forum. How to use: Check it each morning to know which high-impact events could move your market.
MyFXBook
Purpose: Track and verify trading performance. Features: Auto-analysis of account stats, drawdown, and verified results. How to use: Connect an account to analyse your stats objectively — and to vet anyone selling “results.”
Investing.com
Purpose: Broad market data and news. Features: Quotes across stocks, forex, crypto and commodities, plus an economic calendar and screeners. How to use: A one-stop dashboard for quotes, news and events.
Coinglass
Purpose: Crypto derivatives data. Features: Funding rates, open interest, long/short ratios and liquidation maps. How to use: Gauge crypto futures sentiment and spot potential liquidation zones.
You don’t need every tool. TradingView plus an economic calendar covers most beginners’ needs.
Frequently Asked Questions
All have useful free tiers. Upgrade only when you have a clear need.