Some tools are helpful in intraday trading. But many tools are expensive!

But this world has many beautiful souls, & they offer their products (at least most of the features) for FREE!

Below are 6 freely available tools that help day traders!

Like & Retweet!

(1/N)
Tool #1 - Tradingview

Day traders have to access live future charts of indices/stocks to identify their setups.

Tradingview is the leading charting provider at the moment, and it provides clean, elegant FUTURE charts for the Indian markets, even for free users.

(2/N)
Tool #2 - Gocharting

It is the first group in the world to build ‘web-based' Market Profile (TPO) charts.

They offer an EOD market profile for all FREE users.

To know more about Market Profile, read this
profiletraders.in/post/what-is-m…

(3/N)
Tool #3 Opstra Define Edge

After the strict margin rules by SEBI, many traders shifted to options trading strategies.

But people face difficulty in understanding the P&L/ probabilities of the options strategies.

In ODE, traders can see all these parameters for FREE!

(4/N)
Tool #4 Amibroker

Amibroker is well-known software in the trading community which is extensively used for backtesting, fine-tuning trading strategies, & algo execution.

It is free for backtesting & fine-tuning strategies. You need a license only to deploy algo systems.

(5/N)
Tool #5 Ninja Trader

It is a powerful trading platform for day traders.

It has many charting, analysis, and backtesting tools, which offer immense help for day traders.

It is completely FREE to use. One has to buy the live data feed to take live trades.

(6/N)
Tool #6 NSE Option Chain

While studying these option strategies, options greeks play a crucial role.

NSE India provides all these options chain details for all indices and stocks listed in India for FREE!

(7/N)
Did you love the FREE Tools?

Like & Retweet for maximum reach 😀

If you are serious about Intraday Trading, then please check this book!

amzn.to/3rTWEmG

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More from @indraziths

4 Dec
Are you scratching your head to understand options trading?

Read this

10 Best Articles on options trading & options strategies!
#1

Most traders often jump into trading options with little understanding of the options strategies that are available to them.

Learn 10 popular options strategies in the market.

investopedia.com/trading/option…
#2

“Why winning is addictive”

Some people avoid buying a lottery because they know the odds of winning the jackpot is really low.

However, if you do win the ticket, you will be most likely tempted to buy a lottery ticket regularly thereafter!

zerodha.com/varsity/module…
Read 12 tweets
25 Nov
Are you struggling to make money in Intraday Trading?

Read this

12 Rules To Trade Like A Pro

>>> Thread 🧵<<<

(1/N)
Rule #1

"Don't lose more than 10% of your capital on any trading day."

Because surviving is key in intraday trading.

(2/N)
Rule #2

"Don't risk more than 2-3% of your capital in one trade."

Even a 50% accuracy system can get 9-10 successive failed trades (statistically). So if you risk more, you will lose entire/more capital during such a scenario.

(3/N)
Read 13 tweets

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