While trading definitely requires a lot of skill, experience, and a good portion of luck, you can’t become a successful trader by relying only on your intuition. You certainly need to learn how to use a variety of techniques from technical and fundamental analysis to make rational decisions. Luckily, many brokers today offer automated research tools that can help you monitor markets more effectively. Pepperstone seems to have a great range of these tools, and we’re going to give you a brief overview of their main features.
What is Pepperstone
If you’re unfamiliar with the broker, Pepperstone is an Australia-based international broker that offers its client many different trading instruments, favorable trading conditions, quick order execution, and advanced security. Pepperstone is known to be extremely well-regulated by numerous organizations including CySEC and ASIC. The broker is also popular for its tight spreads and low fees, and there are all kinds of additional tools including educational materials for beginners, demo accounts, social trading options, and a couple of research tools.
How these tools work
Pepperstone research tools allow you to analyze markets more quickly and effectively to find the most interesting trading opportunities. The broker features about a dozen different software options, and it’s possible to use several of them at once. Let’s take a look at the most popular of them mytoptweets .
Autochartist is a very popular software mostly used to look for trading signals and analyze patterns in price movements. It’s pretty user-friendly while remaining useful: you can use it to find resistance and support levels, draw trend lines, and so on. There are all kinds of customizable notifications and alerts as well.
SmartTrader is another useful software product that includes about 30 different instruments that allow you to analyze markets in different ways and make profitable decisions. These instruments should be used to make the trading process easier and more rewarding. However, you can install SmartTrader only after you deposit at least 500 AUD to your account at Pepperstone.
The Daily Fix
This is a news bulletin available to Pepperstone users, too. It contains all the most important news on financial markets, upcoming events that may influence prices, and so on. This bulletin is an especially effective way to learn how to use fundamental analysis in trading: just read the news and look at how prices react to the current situation.