As a trader, it’s essential to take advantage of different financial tools that can assist you in growth and risk management. While preparing for your trading journey in 2025, consider making use of software and applications that can help to alleviate risk and grow your profit. With these tools, you can monitor financial health, identify risks, and take measures to mitigate them while you’re managing your investment portfolio. Let’s take a closer look at some tools you can use for your trading activities in 2025.

Oanda 

Oanda is an online platform that offers crypto and forex trading for investors around the world. The trading group allows you to invest in various asset classes, including commodities and precious metals. It powers different platforms like MetaTrader and TradingView. Aside from allowing you to trade, Oanda offers access to data and analytics on over 200 currencies. 

With Oanda, you can analyze financial securities through technical and fundamental indicators, charting, backtesting, and more. MetaTrader allows investors to access diverse financial markets like stocks, forex, derivatives, and commodities, and has tools for advanced charting and market analysis. Meanwhile, TradingView is a web-based platform for assessing financial markets and connecting with other traders. 

Myfxbook 

A Man Monitoring Graphs on Multiple Screens

AlphaTradeZone on Pexels

To manage risk and grow your trades,  you need to constantly monitor, record, and analyze your investment activities. Myfxbook is a free online trading platform with many features for exchanging ideas and discussing your trading performance. It comes with a trader journal and analytical tools.

To exchange ideas with other traders, Myfxbook offers an online forum where you can discuss trading methods and account performance. It also has tools for trading calculations, economic calendars to keep up with the latest events, and advanced statistical analysis tools. 

Edgewonk 

Another financial tool that can be used for investment growth and risk management is Edgewonk, an online trading journal. You can track the latest financial data related to your investments, filter and analyze trades, identify winning strategies, and learn from your losses using the platform. 

Edgewonk also supports multiple trading styles and can be used across different markets and currencies. Using this platform, you can view charts and graphs, identify strengths in your strategy, and opportunities for improvement. After entering your trading details, the platform helps you understand why you lost trades and how to learn from them.

Reuters 

News aggregators provide you with the latest news and analysis. With aggregators like Reuters, you can set up alerts for specific assets or economic indicators related to your trading strategy or financial security. 

Reuters has established itself as a reliable platform for financial news, making it suitable for investors, traders, and financial professionals. Reuters allows you to set alerts and notifications, subscribe to newsletters, and stay up to date with the latest financial news. 

Stock Alarm 

The Stock Alarm platform allows you to set real-time alerts for a wide range of assets, including diverse stocks, cryptocurrencies, and forex. You can set alerts for different events in the trading market, such as economic signals, percentage changes, price limits, price changes, golden death and death cross patterns, SMA, EMA, MACD, and RSI.

After downloading the Stock Alarm app, you can set up alerts in the form of text messages, emails, calls, and push notifications. Whenever a stock’s price changes or a research report has been released, you can expect an alert. 

Share4you 

a person holding a cell phone in front of a stock chart

Adam Śmigielski on Unsplash

 

Another way to grow in your trading journey is copy trading. Copy trading allows you to automatically copy the positions of expert and more experienced traders, which is especially suitable for beginners. Share4you is a social trading platform that allows you to copy trades from others. If you’re an experienced trader, it also allows you to share your trades for beginners to copy. 

With copy trading, you can take advantage of the skills of experienced investors. Keep in mind that you will still have complete control over your trades, as you can close them when you want and open new ones. 

Forex Tester 

One way to mitigate risk as an online trader is backtesting strategies. Backtesting involves simulating potential market conditions using historical data. So, you can test your strategy based on previous price movements without having to use any real money. If the backtesting reveals a positive result, then you can use this for your future investments. 

Forex Tester is a reliable program that allows you to backtest forex trading strategies. It allows you to input your trading rules and watch how they would perform. It also offers a simulated trading environment with diverse historical data for different currency pairs. 

Take Advantage of Financial Tools in 2025

Financial tools are very important to traders, as they offer important data analysis and insights to make informed decisions. These tools help in market analysis, risk management, backtesting and strategy optimization, and better decision-making. Whether it’s charting and technical analysis or trading journals and backtesting, these tools can improve your chances of successful trades and reduce human errors.