Tuesday, April 22, 2014

Forex Tools That Help You Trade Competitively

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A range of Forex tools are now available for traders wherein they can use them for a better trading experience i.e. gainful trading. One of the most preferred and highly useful Forex tools is Live Economic Calendar wherein traders can keep track of all the important events that drive the financial markets. Thus, they have a tab on the events that matter for Forex trading.

Best part is that the Live Economic Calendar can be customized by filtering according to currency, importance of event, and date range, etc. thus, it can be used by traders the way they want and the manner they want. In fact, with economic calendar at disposal, Forex trading has become easy and sophisticated as with it, fundamental analysis has become executable.

If you are trading Forex, you also need a tool that can help you know about the conversion rates of currencies and for that there is nothing better than the currency converter which enables traders to convert their amount from one currency to another. With its several features every global major and exotic currency can be converted with one another for better trading.

Some traders who have been using it all along believe that by simply entering the amount and selecting currencies from the drop down lists and all prices updated in real time, they received the best services in the industry. Additionally, the tool can be installed by brokerage firms wherein they can provide better trading experience to their subscribers.

Fibonacci Calculator – An Attractive and Highly Useful Forex Tool

When you are trading Forex and need technical analysis for perfect bidding, Fibonacci calculator is a must Forex tools wherein you can generate basic Fibonacci retracements and extension values in both up and down trends. However, you need to enter the high and low values of your choice in the tool which will then help you bid competitively with accurate predictions.

Like Fibonacci calculator, there is Pivot point calculator which is fast becoming an important Forex tool which traders can subscribe. This is fundamental Forex tool for technical analysis by traders which helps traders make informed bidding.

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