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Table of Content: 

• Daily Tasks of a Successful Forex Trader 
• 5 Tools Smart Traders Use to Win in Forex Daily 

There are several tools smart forex traders use every day to win in the forex game. We understand how frustrating it is to get confused because you don’t know which tools are best and how to use them smartly. Smart traders understand that the forex market is fast-paced, constantly moving, and often unpredictable. That’s why they rely on powerful tools that help them trade with clarity, confidence and control every single day.

In this article, we shared the top 5 tools smart traders use to win daily in the financial markets. We also revealed one exclusive SECRET only smart traders perform compared to an average forex trader. Get a pen and a notebook and ensure you are jotting down. 

But before we dive in, let’s first talk about the daily tasks of every successful smart forex trader (whether at the beginner level or expert level). 

Daily tasks of a successful forex trader

1. Check today’s global market news and events
2. Look at what happened in yesterday’s market and the necessary adjustments
3. Notice if the market feels risky or calm
4. Study charts on different timeframes
5. Mark important price zones (highs/lows)
6. Look for trade setups that match your trading plan
7. Check if any big news affects the new set trade idea
8. Confirm the best direction before trading
9. Set entry, stop loss, and target
10.  Calculate how much money to risk
11. Take trades only if they look strong
12. Adjust stops or targets if needed
13. Write down every trade you took
14. Take a screenshot of the new trade
15. Evaluate the trading plan and experience of the day
16. Read or watch market updates
17. Practice staying focused and patient
18. Make a plan for the next day 
19. Learn or review one trading idea
20. Rest after a trading day 

Tools That Help Smart Traders Win In Forex Daily 

1. Economic Calendar 

Every smart trader checks the economic calendar first thing in the morning. It shows scheduled news releases (such as interest rate decisions, inflation reports, or job data) that could cause major price movements.

Check out these popular tools:

• Forex Factory
• Investing.com Economic Calendar
• MyFXBook Calendar

2. Trading Platforms 

The trading platform is where everything happens. Smart traders use platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5) or cTrader to analyze charts, place stop loss and take profit levels, use indicators and execute trades in real-time. 

3. Charting Tools (TradingView)

While MT4/MT5 is great, many smart traders prefer TradingView for charting. It’s clean, powerful, and cloud-based. You can draw trendlines, zones, and chart patterns with it. You can also use it as advanced indicators, to save analysis and to share setups with your community. TradingView is perfect for technical analysis and it works on both desktop and mobile.

4. Risk Management Calculator 

Smart traders don’t guess how much to risk; they calculate it. They use a position size calculator that helps them stay within a safe risk level. For instance, 1–2% per trade.
Tools to use:

• BabyPips Position Size Calculator
• MyFXBook Lot Size Calculator
• Built-in calculators in some trading apps

Any of these tools helps protect your capital from blowing up.

5. Trading Journal 

Winning traders track everything they do. They use a trading journal to document their process, log their trades, note the reason for each trade wins or losses, and identify patterns for their trade systems. Use journaling tools such as books, Notion, Edgewonk, Google Sheets, Tradevue or Notepads. 

6. Trading Community or Mentor 

As a gift for reading to this point, this sixth tool is a bonus we are sharing with you. It is the biggest secret smart traders don’t reveal about their success in the forex trading game. 

Every smart trader surrounds his/herself with a community of smart traders and a mentor. They see it as a shortcut route to learn the hidden strategies about making more profits than losses in the financial markets. 

When you join a community of smart traders, you don’t have the stress of figuring out how wins happen in forex all by yourself. Rather, you leverage on other people’s winning strategies.  

With the help of a mentor, you even have more advantage to learn and create a level of discipline to always trade smartly! 

You don’t just need a mentor. You need a mentor who has decades of experience and fully understands how forex works to guide you with trainings, advice, systems and skills needed to be a multi-millionaire forex trader.

That is why you need the Exclusive Mentorship with David Achom!

Exclusive Mentorship with David Achom isn’t another mentorship programme that provides you with a sort of guidance and leaves you out.

What You’ll Gain? 

• Daily Group coaching sessions with other expert trainers 
• Weekly intensive workshops and trainings with David Achom LIVE on Zoom
• One-to-One Advisory Calls with David Achom for questions and answers (Q&A)

• Personal Development materials for high individuals 
• WhatsApp community with other David’s Mentees for networking 
• Discount on Trips and Travels 

Imagine yourself having clarity on how forex works and making more profits for yourself after applying for Exclusive Forex Mentorship with David Achom!