Prepare and Not Prepare
Prepare
Below is a list of items I prepared when starting Forex (foreign exchange trading):
| Device/Application | Purpose |
|---|---|
| PC (Windows / Mac) | Mainly used for managing TradingView; not for executing trades. Since it’s not used constantly, temporary access via internet cafés may also suffice. |
| └ TradingView Web | Setting up strategies, performing backtests, and managing alerts. |
| └ ChatGPT Web | Modifying TradingView strategies (Pine Script) and conducting statistical analysis. |
| Smartphone (Apple / Android) | Used for receiving alerts and executing trades. |
| └ TradingView App | Receiving alerts configured on the PC. |
| └ XMTrading App | Executing trades and managing trading accounts. |
To open a brokerage account, you will need:
- Identity Verification Documents: Driver’s License / My Number Card / Passport
- Proof of Address: Resident Certificate (issued within the last 3 months) / Residence Card / International Driver’s License
- Bank Account
Not Prepare
The following tools are not part of my trading setup. Preferences and trading styles vary by individual, but I find that TradingView, along with dedicated apps, is sufficient for analysis, alerts, backtesting, and executing trades.
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- Backtesting Tools