As is the case with any profession, a person interested in taking a professional approach to the business of forex trading needs to know how to use the tools of their trade. This means understanding their application and practicing using them until their use becomes second nature, so that these tools can be quickly utilized as needed. For forex traders, the tools of their trade might include the following: a technical analysis system, a forex trading platform, a news feed service, an economic calendar, a trade journal, a financial calculator, and a position management and monitoring system. They will also need to be able to open and fund a forex account with a suitable and reputable forex broker that will be supportive of their trading needs.
