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3 rule based trading tools to master
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Master these 3 rule based trading tools to get better at this trading strategy.
Rule based trading relies primarily on three tools. Mastering them can help you go a long way. First on the list is charting tools. They help you understand the flow of the market, And also put you in a better position to predict future price movements of securities. Mastering the use of charting tools can make rule based trading much easier. Next up, statistical modeling tools. The data from charting tools has to be analyzed and interpreted to provide meaningful results. Statistical analysis and modeling tools help you do just that. And lastly, programming languages. Rule based trading may involve writing complex lines of code to create algorithms. So, mastery of programming languages like Python and Java is preferred. Want to learn about rule based trading strategies? Head to the next chapter.