The Founder of Alchemy Markets Reviews the Must-Have Forex Tools
Forex trading can be a challenging and competitive market, filled with complexities and constant changes. As a trader, it is essential to have the right tools at hand to help navigate through these challenges and make informed decisions. That’s where Alchemy Markets comes in.
The founder of Alchemy Markets understands the importance of having the right tools for successful forex trading and has made it a priority to offer them to their clients for free. Whether you’re a novice or an experienced trader, having the right tools at your disposal can be a game-changer. Let’s explore some of these must-have trading tools together.
1. Smart Trading Tools by FXBlue
One of the notable tools that Alchemy Markets offers is the FXBlue Smart Trading Tools. These tools are available free for all Alchemy clients and can be easily accessed through MT4/MT5.
With FXBlue, traders can make use of tools such as the Mini Terminal, Tick Chart Trader, Alarm Manager, and Sentiment Trader. These tools are designed to improve trading efficiency by providing quick access to essential information and allowing for real-time analysis.
A. Mini Terminal
The Mini Terminal is an advanced trade management tool that allows traders to manage trades with precision. It offers features such as one-click trading, risk calculators, multiple stops or take profits, and trade templates. This tool is especially useful for those who prefer executing trades quickly and efficiently.
B. Tick Chart Trader
The Tick Chart Trader enables traders to create custom charts for timeframes that are not available by default in MetaTrader. This includes periods such as M3 or H2, seconds-charts, and tick charts.
Furthermore, you can run your custom timeframe with an EA generator for your chosen symbol, and the custom timeframe will continue to update if the generator is running. You can even create historic bars for periods such as M3 from historic M1 data.
C. Alarm Manager
The Alarm Manager is a handy tool that helps traders keep track of important market events. It allows you to set alerts for price levels, trading volumes, and news releases. This way, you never miss an opportunity or get caught off-guard by sudden market movements.
D. Sentiment Trader
The Sentiment Trader is a useful tool for gauging market sentiment. It aggregates data from various sources and provides an overview of the current market sentiment towards a particular currency or instrument. This information can help make trading decisions based on market sentiment.
2. Trading Central Tools
Another set of tools that Alchemy Markets offers for free is the Trading Central Tools. These tools provide in-depth market analysis, technical insights, and trading ideas to help traders make informed decisions.
A. Economic Insights
The Economic Insights tool provides real-time economic data and news to keep traders updated on key events that can impact their trades. This information can be filtered by country or instrument, making it easier to stay informed about the markets that matter to you.
B. Technical Views
The Technical Views tool offers comprehensive technical analysis for various instruments. It includes chart patterns, support and resistance levels, and indicators to help traders identify potential entry and exit points in the market.
C. Featured Ideas
Lastly, the Featured Ideas tool provides trading ideas from experienced analysts at Trading Central. These ideas include entry and exit points, stop-loss levels, and potential profit targets, making it easier for traders to plan their trades.
3. Social Trader Tools
In addition to the above-mentioned tools, Alchemy Markets also offers Social Trader Tools for free. These tools are designed to help traders manage multiple personal accounts and utilize copy trading solutions without the need for owning a virtual private server (VPS).
A. Copy Trading Solutions
With Alchemy Markets’ Social Trader Tools, traders can easily copy the trades of other successful traders within the platform. This allows for hands-free trading and the potential to replicate the success of experienced traders.
B. Multiple Account Management
The Social Trader Tools also allow for effortless management of multiple personal trading accounts. This is especially useful for traders who have multiple strategies or prefer to trade with different risk levels on separate accounts.
C. No Need for VPS
One of the biggest advantages of using Social Trader Tools with Alchemy Markets is that there is no need to own a VPS. This saves traders time and money while still being able to utilize advanced trading tools and features.
Conclusion
As we can see, Alchemy Markets offers a range of essential trading tools for forex traders. From FXBlue’s smart trading tools to Trading Central’s expert analysis and Social Trader Tools’ copy trading solutions, these tools can greatly improve a trader’s success in the market.
And with these tools being offered for free with Alchemy Markets, it is clear that the platform has the best interest of its traders in mind. So don’t hesitate to take advantage of these must-have tools and start trading with Alchemy Markets today. With the right tools at your disposal, you can elevate your forex trading experience and reach new levels of success. Happy trading!
Open an account with Alchemy Markets today to access all of these tools for free!
