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What tools do I need for trading?
Just like any other profession, trading also requires specific tools that help us not only with the psychological aspect but also in developing a system we can rely on — one that allows us to build our own edge.
A tool can be anything from a good book to a platform like TradingView, which lets us analyze the symbols we’re interested in, or even the trading application itself, which enables us to manage our funds effectively.
📚 Books and Audio books
Books are one of the most valuable tools a trader can have — not because they tell you what to trade, but because they teach you how to think about trading. A good trading book gives you perspective, discipline, and understanding of market psychology, which is often more important than any technical strategy.
Reading regularly helps develop patience and emotional control, two of the hardest but most essential skills in trading. Books also let you learn from other traders’ mistakes and successes without paying the price yourself.
Whether it’s classic works like “Trading in the Zone” by Mark Douglas or more technical ones such as “Technical Analysis of the Financial Markets” by John Murphy, each adds another piece to the puzzle of becoming a consistent and confident trader.
📊 Trading Charts
rading charts are the visual language of the market — they show price movement, emotion, and structure all in one place. Every candle, line, or bar tells a story about the battle between buyers and sellers. Learning to read charts means learning to understand that story.
Charts help traders identify patterns, trends, and key levels of support and resistance. They also allow us to spot moments of imbalance where price might react — opportunities for entry or exit.
Whether you prefer line charts for simplicity, candlestick charts for detailed information, or Renko/Heikin Ashi for trend clarity, the key is consistency. Choose one style and master it.
A well-analyzed chart is not just a picture of the past — it’s a map of potential future movement.
Here you can find almost all options: Investopedia.
💻 Trading Platforms
Trading platforms are the bridge between you and the market — your command center where decisions turn into actions. A reliable platform allows you to analyze charts, place and manage trades, and monitor performance in real time.
Good platforms, like MetaTrader 5, cTrader, or TradingView, offer stability, speed, and flexibility. They provide access to indicators, order management tools, and integration with brokers for smooth execution.
When choosing a platform, focus on what matches your trading style. Scalpers need fast order execution and one-click trading, while swing traders might value advanced charting and backtesting features more.
Remember, the platform itself doesn’t make you profitable — but the right one makes it easier to apply your strategy with precision, discipline, and confidence.
🌐 Social Media
Social media can be both a powerful tool and a dangerous distraction for traders. On the positive side, platforms like X (Twitter), Reddit, YouTube, and Discord allow you to follow market updates in real time, learn from experienced traders, and stay informed about economic events that might affect price action.
However, social media is also full of noise — opinions, emotional reactions, and “get rich quick” promises that can easily cloud your judgment. Successful traders use these platforms with discipline: they listen, filter, and verify before acting.
Used wisely, social media becomes a learning and networking tool. Used carelessly, it becomes a source of confusion and emotional trading. The key is to stay objective and always compare what you read with your own analysis and system.
Vsak dan pripravlja nova presenečenja in nove izzive. Poskrbimo, naš EDGE vedno ostane naša disciplina in skrb, da sledimo sistemu.
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