Free forex trading tools software exist to make your trades and learning a lot easier. Tools to buy and sell the currencies for you, read the historical data, for education and more. Some of these tools exist as paid ones as well which can also be beneficial for you however this article is focused on the free programs.
The free forex trading tools software can really help you make some serious money. It saves time and may have better intelligence when compared with doing it yourself manually.
Many tools exist that have free trials or a free version without access to all of the features. Then you have to pay either a monthly fee or one time fee in order to access all the features. Doing the trades yourself manually is actually better than these tools and will save you a lot more money in the long run.
Some free forex trading tools software I feel comfortable sharing is 100% free and comes from a website called Forex Factory. An amazing set of free tools and software that will excel your trading if you decide to utilize it.
Forex Factory comes with tools that integrates its users and ranks them. You have the ability to copy or watch how these users, especially the higher ranking members make their trades if they decide to make the trades public which most of them do. This free tool allows you learn a lot, especially if your a visual learner who likes to learn during real situations. This tools also allows you to learn from the bad traders as well and learn what not to do.
Other free software tools within Forex Factory include a web based interface that has some awesome stats and metrics in relation to your trading called trade explorer. I have never come across a better free software tool on the internet for forex than this. You basically integrate your forex broker inside this tool and it gives you an assortment of results based on the trades you make. Allowing you to really discover your trading habits and tendencies making you a better trader in the long run. See the screenshot below.
Read more about the Forex Factory.
Many software tools exist online promising you big returns, automatic trading, doing all the work for you etc. These tools benefit the owner and developer of the software and often become outdated and have many bugs. If they promised everything that was advertised than everyone would be rich because everyone would be using these fabulous tools.
Free software and tools for forex that are 100% free like what comes equipped with Forex Factory always have your best interest at heart. The time, and money to create the tools and software that are free really means a lot to everyday traders who have the privilege to use them.