Day trading tools

Here is a list of some day trading tools for anyone thinking about becoming a profitable day trader.

A list of five trading tools below to help you.

The first one is a computer that is working well, high speed internet connection is a must, two monitors is a good idea, one for your charts and one for your trading platform to execute the trades.

Number two is some trading charts so you can do your technical analysis. You can use your broker charts if you want, but getting data from another source is a better idea. Here are three different chart providers, Sierra charts, Esignal, Tradestation.

Number three, get yourself an economic calendar so you will know in advance of major new announcements. This way you will be ready, and can trade off the volatility.

Number four is get a pivot point calculator, they are free online. This will help you get started with learning support and resistance levels.

Number five is get a Fibonacci calculator and experiment with the levels it calculates for you, this is also free online.

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