Free forex analysis software

Software.

Trading software is the main instrument of those who seek profit in Forex. Trading platform provided by your broker can be enhanced with custom indicators, expert advisors, and scripts. We provide them free of charge:

MT4/MT5 Expert Advisors — download free expert advisors for MetaTrader 4 (and MetaTrader 5) trading platform. Test and use these EAs to empower your automated Forex trading and also to help yourself develop your own MetaTrader expert advisor or strategy. You can use them with any MT4 Forex broker (or an MT5 one).

MetaTrader Indicators — free downloads of the MetaTrader indicators for both MT4 and MT5 versions of the trading platform. You can use these indicators to improve your Forex trading strategy or develop your own expert advisor. Any broker with MT4/MT5 platform will support such custom indicators.

If you want to test the presented software without registering a demo account at one of the brokers, you can do so by downloading MetaTrader directly from MetaQuotes (a company, which develops MetaTrader).

Forex Analysis Software Comparisons and Reviews.

The best Forex analysis software ranked and compared.

Forex Testeroffers the best value for money by far when it comes to a reliable tool for practicing trading, spotting trends, and developing/testing trading strategies. Click here to read our full review.

What to look for when buying Forex analysis software:

Before paying a considerable sum of money for some analysis software you want to be able to take it for a test drive to check out the features. This will allow you to make sure it offers everything you need to be able to analyze the market effectively. It will also help you find out how easy the software is to use.

Forex Tester offer a free evaluation software download.

You are buying analysis software so that you can easily evaluate the market. Therefore, you need to be sure that there are a variety of different charting tools on offer so no matter what your style you have something that suits you.

When you output the data you will probably want to be able to manipulate it yourself. This is particularly true if you are trading a certain strategy that requires some data input to give alerts. A customizable spreadsheet allows you to see the data however you wish and use it in whatever format you need to.

This is essential if you have little experience or knowledge of how analysis software works. With a good easy to use wizard you can always perform the analysis you need to with the data.

Some software packages come with in-built signal alerts. This usually allows you to use either the softwares preset system or one of your own to alert you to the next market opportunities.

The Best Technical Analysis Trading Software.

There are those who say a day trader is only as good as his charting software. While that's debatable, it's certainly true that a key part of a trader's job – like a radiologist's – involves interpreting data on a screen; in fact, day trading as we know it today wouldn't exist without market software and electronic trading platforms.

A lot of software applications are available from brokerage firms and independent vendors claiming varied functions to assist traders. Most brokerages offer trading software, armed with a variety of trade, research, stock screening and analysis functions, to individual clients when they open a brokerage account. In fact, the bundled software applications – which also boast bells-and-whistles like in-built technical indicators, fundamental analysis numbers, integrated applications for trade automations, news, and alert features – often act as part of the firm's sales pitch in getting you to sign up.

Much of the software is complimentary; some of it may cost extra, as part of a premium package; a lot of it, invariably, claims that it contains "the best stock charts" or "the best free trading platform." Fact: There is no single best stock chart, or best stock screener software. There are too many markets, trading strategies and personal preferences for that. But we can examine some of the most widely-used trading software out there and compare their features. Whether their utility justifies their price points is your call.

MetaStock : One of the most popular stock trading software applications, MetaStock offers more than 300 technical indicators, built-in drawing tools like Fibonacci retracement to complement technical indicators, integrated news, fundamental data with screening and filtering criteria, and global markets coverage across multiple assets: equities, derivatives, forex, futures and commodities. Both its MetaStock Daily Charts Subscription and its MetaStock Real Time packages (especially geared for day traders) include its highly praised stock charts software.

Worden TC2000 : If you are interested exclusively in U. S and Canadian stocks and funds, then TC2000 offers a good solution. Features include stock charts, watch lists, alerts, instant messaging, news, scanning, and sorting. TC2000 offers fundamental data coverage, more than 70 technical indicators with 10 drawing tools, and an easy-to-use trading interface, as well as a backtesting function on historical data. It does not, however, offer automated trading tools, and asset classes are limited to stocks, funds, and ETFs.

eSignal : Another popular stock trading system offering research capabilities, eSignal trading tool has different features depending upon the package. It has global coverage across multiple asset classes including stocks, funds, bonds, derivatives, and forex. eSignal scores high on trade management interface with news and fundamental figures coverage, and its stock charts software allows for a lot of customization. Available technical indicators appear to be limited in number and come with backtesting and alert features.

NinjaTrader : An integrated trading and charting software system, providing end-to-end solution from order entry to execution with customized development options and third-party library integration compatible for 300+ add-on products, NinjaTrader is one of the commonly used research and trading platforms. It's especially geared to futures and forex traders. While not a free trading platform, costs can be as low as $.53 per contract, and commission rebates are not uncommon. Apart from the usual technical indicators (100+), fundamentals, charting, and research tools, it also offers a useful trade simulator, enabling risk-free trade learning for budding traders.

Wave59 PRO2: Offering advanced level products for experienced traders, Wave59 PRO2 offers high-end functionality, including "hive technology artificial intelligence module, market astrophysics, system testing, integrated order execution, pattern building and matching, the Fibonacci vortex, a full suite of Gann-based tools, training mode, and neural networks," to quote the website.

EquityFeed Workstation : One prominently highlighted feature of the EquityFeed Workstation is a stock hunting tool called "FilterBuilder"– built upon huge number of filtering criteria that enables traders to scan and select stocks per their desired parameter; advocates claim it's some of the best stock screening software around. Level 2 market data is also available, and coverage includes OTC and PinkSheet markets. However, it offers limited technical indicators and no backtesting or automated trading. Its product-specific search tools like ETFView, SectorView, etc. rank among the best stock screening software. And it even offers free trading platforms – during the two-week trial period, that is.

ProfitSource : Targeted at active, short-term traders with precise entry and exit strategies, ProfitSource claims to have an edge with complex technical indicators, especially Elliot Wave analysis and backtesting functionality with more than 40+ automated technical indicators built in. Its asset class coverage spans across equities, forex, options, futures, and funds at the global level.

VectorVest : With trading platforms and analytics software that cover different geographic regions (for the U. S., UK, Australia, Canada, Singapore, Europe, Hong Kong, India, and South Africa), VectorVest is the one for the intercontinental crowd. Its program offers comprehensive coverage for common technical indicators across major stocks and funds all around the world. VectorVest also offers strong backtesting capabilities, customization, real-time filtering, watch lists, and charting tools.

INO MarketClub : For users specifically looking for charting software, INO’s MarketClub offers technical indicators, trend lines, quantitative analysis tools, and filtering functionality integrated with a charting and trading system – not just stocks, but futures, forex, ETFs and precious metals.

The Bottom Line.

The decision to go beyond free trading platforms and pay extra for software should be based on the product functionality best fitting your trading needs. You can often test-drive for nothing: Many market software companies offer no-cost trial periods, sometimes for as long as five weeks. Novice traders who are entering the trading world can select software applications that have a good reputation with required basic functionality at a nominal cost – perhaps a monthly subscription instead of outright purchase – while experienced traders can explore individual products selectively to meet their more specific criteria.

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What is ProRealTime?

ProRealTime is an online charting software for technical analysis & trading.

ProRealTime's high quality charts, analytic tools and reliable market data received directly from the exchanges make it a powerful decision support tool.

Top 10 reasons to choose ProRealTime.

How to access ProRealTime?

You can create a free account to access the software with end of day data or request your free trial with real-time and intraday data.

End-of-Day version.

Real-Time version.

Free trial with no commitment.

Technology to improve your trading.

100+ technical indicators, custom indicators, spreads and much more.

Low latency datafeed directly from the exchanges and extended historical data.

Test and optimize strategies before using them in real markets.

Quickly learn to use the software with over 50 short help videos grouped by theme.

Customizable Forex & stock screener, top movers, candlestick pattern recognition.

Automatic drawing of horizontal and oblique trendlines and trend detection tool.

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Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced clients who have sufficient financial means to bear such risk. No information on this site is investment advice or a solicitation to buy or sell any financial instrument.

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