Getting Started With FXT Navigator
- By FXT
- OCT 28, 2022
As you know, the FXT Navigator is a powerful tool to scan the markets, so how can you utilize this tool?
Using each tab in the MarketWatch part of the FXT Navigator, you can scan a range of symbols to look for opportunities, outliers and certain conditions that you find a good trading opportunity.
When people mention, the Trend is your Friend, they mean trade in line with the trend. With the Performance and Trend tab, it makes it easier to see what markets are moving in a trending fashion and which ones are not.
Oversold and Overbought indicators often look to represent a market that might be looking to turn around and go the other direction. Meanwhile, some traders look to trade on neutral pairs so find 'normality' in the market. No matter your style of trade, the FXT Navigator allows you to identify opportunities in the market and easily scan the condition of a large range of symbols.
When you see a trade opportunity that you like, simply click the corresponding symbol in the market watch to open a new chart. When you go into a chart, the navigator then tells you the profit and loss of your trading for that symbol. This is a huge help, particularly if you are not currently tracking your data closely. Some people naturally trade certain instruments well, and knowing what is working for you is critical to your long term success as a trader.