Question by lxvnrsw: What is the best free forex tracking program for technical analysis?
I'm just starting forex trading and was wondering what tracking program would be best for me to begin to do Technical Analysis with. It would be nice if I could use a free program or at least a low cost one but if I need to I'll spring for a program to help me track currencies and develop a trading strategy. User friendliness is key because I'm a totally novice trader. Any reading materials for learning better TA or websites are also greatly appreciated.

Best answer:

Answer by swingkid
A lot of people seem to use MT4, and many brokers offer this trading platform free with a demo account or with a real money account. It has many technical indicators you can use for free.

I'd probably recommend InterbankFX as a good place to start. They have a lot of educational information as well as offering free demo accounts.

Give your answer to this question below!

Technorati Tags: analysis, best, Forex, free, program, technical, tracking

www.michaelglass.com -Here is our Weekend Forex Technical Analysis Trading Plan to help day traders to learn how to trade Forex Currency Pairs by identifying high probability trading setups. In this video, we discuss key technical analysis price levels for USD EUR/USD GBP/USD and Gold. We look at each forex pair on multiple time frames to identify key support and resistance price levels. We also look at price levels to setup on various pairs based upon the current trend

Technorati Tags: analysis, Forex, plan, technical, trading, Weekend

For FREE Report regarding high quality, extremely profitable Forex Robot Software and Automated Forex Trading Systems, click the link in the resource box below..
Forex Robot Software typically uses Technical Analysis to generate signals and are performing at exciting levels..
Concurrently, it is surely a fact that any financial report or announcement will influence the market. Generally there is lots of volatility around the time of any forex news. To some degree this is foreseeable, since nearly all economic information are introduced at pre arranged times. This means that even traders who are totally committed to technical analysis for their forex trading alerts would have to know the forex news calendar, just so they are able to remain out of the market each time a news release is expected.
So how can we base forecasts on a chart that merely records the price actions of the recent past? It may help if to think about a currency price like it had some of the attributes of elastic. It can extend to certain limits, after which it'll bounce back. It may not bounce back to exactly where it was prior to; it could possibly stop short or move further, but it will not likely carry on moving in the same direction forever. Technical analysis tools provide us a thought of the energy of a trend so that we can anticipate how far the price will expand and when it could turn back.
However, this does not really explain how many prosperous traders who base their own forex trading signals and systems on trends identified with technical analysis resources. Surely for the newbie, a superb grounding in charts and indicators is important.
Proponents of fundamental analysis will argue that it is the fundamental factors such as rate of interest changes, GDP, sales and employment statistics, etc, that drive the foreign currency markets and for that reason the only trustworthy forex trading alerts are based on these monetary elements. A few actually point out that technical analysts are just looking over the past, imagining patterns from out of chaos, and cannot perhaps hope to forecast any potential price actions.
Which is better? This is a tough question, and one that forex traders do not always consent on. Either can give effective forex trading signals. It is accurate that dialogue on the web has a tendency to center on models dependant on technical analysis but that doesn't necessarily indicate that these types of methods tend to be successful. They're perhaps simpler for the home trader to gain access to, and surely quicker for most people to understand without the need to know a lot about economics or international affairs.
The type of forex trading signals which are required will depend on one thing above all else: which kind of forex market research you want to utilize. The two varieties, naturally, are fundamental analysis, which is structured around monetary performance indicators; and technical analysis, which depends upon charts and statistical indicators.

Technorati Tags: Forex, Fundamental, More, signals, technical, Tend, trading, Trustworthy

www.fxtimes.com - Forex News, Analysis, Education, Charts, Videos, Webinars, Live Events and More We have seen commodity prices stabilize and fall recently. Gold, Silver, and Oil fell sharply towards the end of last week. The AUD has been in and out of the traditional correlation with gold in the short-term, but the medium term picture shows both in topping action. USD/CAD rallied sharply the Obama administration announced it will tap strategic oil reserves. Finally the NZD/USD remains resilient, but has also stabilized the sharp rallies we have seen in 2011. Let's take a look at the charts, and wee what can we expect this coming week from a technical perspective? Fan Yang CMT Chief Technical Strategist FXTimes Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.
Video Rating: 5 / 5

Sometimes direction of a currency pair is obvious, other times, it is an absolute mess of a range that is tightening more and more, which the Eur/Usd was in today's London session. Days like this, buying or selling and holding is virtually impossible, yet being nimble, adapting to the market, and putting your scalp hat on can pay off if your smart about it. In this video I go over several intentional scalps that we planned and executed in both pre-London and the London session using primarily trendline/trap top entry along with price hesitation + stochastic cycle entries. These entries were not spot trades, but rather intentional 15-20 pip risk scalp trades targeting the bottom of the trap some 50-60ish pips away. At the end I go over a potential spot long at the tail end of London on the Aud/Usd, that made it to +30 by the time the video was produced, and is a risk free trade at this point. I don't know about you, but I look forward for a serious breakout over the next week... bring it on! If you wish to check us out and learn how to attack the FX market daily with a plan, come check us out...fxbootcamp.com FXBootcamp London Currency Coach - Christian Stephens Twitter- @FXChris
Video Rating: 0 / 5

Technorati Tags: 6/26/2011, Commodity, currencies, Forex, technical, this, Update, Week

www.fxtimes.com - Forex News, Analysis, Education, Charts, Videos, Live Events, Webinars and More We are seeing currencies both strong and weak gain against the Japanese yen, making it the worst performing major currency this week so far. The USD has recently broken above a declining trendline, and the EUR/JPY and GBP/JPY are following suit. The AUD/JPY and CAD/JPY are also cracking declining trendlines. Is risk appetite returning in the medium term? Let's take a look at the charts to get some technical clues. (The Japanese yen usually losses in risk-on environment, and gains with risk-off). Fan Yang CMT Chief Technical Strategist FXTimes Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.
Video Rating: 5 / 5

FOREX Day Trading Journal 08.01.2011 TTFX Radio
Video Rating: 0 / 5

Technorati Tags: 6/29/2011, Environment, Forex, Ground, Japanese, Losing, Riskon, technical, Update

Upcoming Free Events: www.affinitytrading.com Affinity Trading Group (http is a Proprietary Trading Education Firm providing technical analysis education as well as trading strategies that apply to the stocks, forex and futures markets. Join us for our free online workshops (including live trading demonstrations) at: www.affinitytrading.com For this presentation: Ichimoku Kinko Hyo (Pronounced: Ichiii...Mooooo...Kuuuu) is a technical trend based system that powerfully illustrates support and resistance values in a simplified form and is considered an extension of the very popular candlestick charting system. In fact, this system was built on the idea that at "one glance" you should be able to easily determine whether an instrument is in equilibrium (consolidation) or out of equilibrium (trending). seo services provided by this search engine optimization company: www.anthonynunes.com
Video Rating: 4 / 5

Technorati Tags: analysis, Forex, Futures, Ichimoku, markets, Stocks, strategies, technical, trading

Article by Forex Expert

Forex Trading Technical Analysis

If you want to make money at Forex trading, you should use technical analysis and the reasons are - its simple to understand, it works and its very time efficient. Let's look at Forex technical analysis in more detail and how, you can get on the road to a triple digit income in around 30 minutes a day.

High odds chart patterns repeat, because human nature is constant and the emotions of greed and fear is reflected in the charts. If you look at any FX chart, you will see trends which can last for weeks or months and your aim is to lock into these trends and ride them for big profits. You are not interested in how or why prices are moving, you simply want to trade the reality of price change as it unfold on a Forex chart and make money from the trends! Forex Trading Technical Analysis

The best Forex trading strategies are simple and focus on catching long term trends which can make big gains when you have leverage on your side. If you make a strategy to complex, it will have to many elements to break - so keep it simple and don't work harder than you need too.

You can learn all about Forex technical analysis and how to build a Forex trading strategy which can make big gains for free online or you can buy a Forex trading course which can teach you proven strategies and tools you can use.

Buying a course is a good option because, you get ready made strategies you can use which cuts your learning curve and as the best FX courses normally come with a risk free guarantee of, satisfaction or your money back, many traders use a course to learn the basics.

Whichever way you choose to learn Forex charting, if you have a desire to succeed and the motivation to learn, there is nothing to stop you achieving a triple digit income in around 30 minutes a day, in the world's most exciting and rewarding business - Global Forex trading. Forex Trading Technical Analysis

Technorati Tags: analysis, Digit, Forex, Gains, Minutes, target, technical, trading, Triple

http://forextradingseminar.com Another of the "Forex Trading Secrets" that should be obvious to everyone. Find out yet another tactic that differentiates the successful traders from those who lose.

Duration : 0:15:29

Read the rest of this entry

Technorati Tags: analysis, based, business, entrepreneur, estate, Forex, home, investment, method, real, System, technical, trading, training, video

http://www.forexincomereview.com/reviews/forex-ambush/forex-ambush-20-review Introducing Forex Ambush 2.0 Never Seen Before and Totally Unheard Of 100% Accurate Artificial Intelligence.Watch this video now. We have seen a lot of different stock market and Forex investment programs, but never before have we heard anyone claim their system provides 100% accurate information, but that is what Forex Ambush 2.0 is boldly stating. They say they are the first and only service to offer 100% accurate Forex signals. What is more, people are using Forex Ambush 2.0 to guide them into money-making trades. But is Forex Ambush 2.0 a scam?

We have learned that it took a team of 31 elite traders three years and two million dollars to develop the artificial intelligence that is the backbone of Forex Ambush 2.0. But how well does it work? According to its promoters, if you follow their signals exactly, you will make profitable trades without one single loss. We find this astonishing, because Forex is one of the most difficult fields for even experts to make money in. We have seen statistics that 98% of people who try Forex trading end up losing money.

Although we tend to be very skeptical of wild claims such as 100% accurate, nevertheless, it would be just as foolish of us to ignore this program because it seems too good to be true. So we looked deeper, and this is what we found.

First, we have testimony from people who have tried it and who say is works like magic. A man in Fredericksburg, VA says he has consistently made money each and every month using Forex Ambush service. Another man in Minden Nebraska said that after several days of receiving trading directions from Forex Ambush, all of the trades he completed were 100% profitable. And people all over the world seem to be using it, as we have seen statements from users in France and Switzerland. A woman in Finland said she recommends the services because it works as promised, not much starting money is needed, and you dont have to spend very much time to earn a good income with it.

So, how much money do you need to start? They recommend an initial investment of from $250 to $500, and then using the profits earned for subsequent trades.

We have heard that the subscription fee for the Forex Ambush 2.0 is going to be $197 per month, but when we visited their website at forexambush.com, we saw that they were offering it for a one-time only fee of $197. That is something else that sounds too good to be true, unless it is a short-term special introductory offer, or something like that.

Finally, the promoters of Forex Ambush 2.0 are backing up their claims with a 100% satisfaction or money back guarantee for 60-days. That certainly seems to eliminate the risk of checking it out.
http://www.forexincomereview.com/reviews/forex-ambush/forex-ambush-20-review

Duration : 0:8:51

Read the rest of this entry

Technorati Tags: 2.0, Ambush, analysis, autotrade, currency, day, fa, Forex, market, signal, software, technical, trade

http://ForexAutopilotSystem.org -
BEST Forex Trading Software Platform - Automated Forex Trading Strategy
The MetaTrader 4 platform provides technical analysis, charting and Expert ... Is your trading strategy the best? Think you have the perfect indicators? ... Head to head competition among the world's best Forex traders. ... Forex Trading Software ... This provides FXDD clients a fully automated trading system that ...MultiCharts is a professional technical analysis and automated strategy trading platform for futures, forex, and stock trading, featuring professional ...A free and automatic forex trading software you can start with ...
Jun 4, 2009 ... Using bond spreads in your forex trading strategy ... We have also listed some of the best Automatic Trading systems that work effectively .... Forex trading platform system is vital for you to spot the winning trades ...Automated Forex Trading Performance | ProSignal
ProSignal™ delivers a fully Automated Forex Trading Platform that automatically ... The Automated Trading software is so flexible, you can even trade strategies in .... and easiest ways of spotting the best overall trading strategies. ...Using The Best Forex Trading Platform for Bigger Profits
Sep 1, 2007 ... Based on them you can modify your trading strategies without incurring losses. ... The best forex trading platform must offer more than one type of ... 3 Reasons to Use Automated Forex Trading Software to Profit From the ...The best deal for The Pips Leader - Forex trading - Automated ...
1 post - 1 author - Last post: Jan 24
stock trading software forex brokers forex mini forex platform forex strategy forex systems learn forex trading automated forex ...best forex trading strategy chart signals market broker chart exchange information .... Advisor automatic Forex robot program for your currency trading strategies is ... Best Forex Trading Platform Review - Buy Forex Platform Software ...An Advanced Forex Trading Platform. www.cmsfx.com CMS Forex unveils the next ... are readily available ...

Duration : 0:6:37

Read the rest of this entry

Technorati Tags: analysis, best, currency, day, Forex, market, Platform, signal, software, technical, trade, trading