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Forex Trading ToolsEssential Free Forex Trading Tools

There are many of free and commercial Forex trading tools designed to improve the performance of all trading styles. These are some very useful free online Forex trading tools.

 FOREX MARKET SENTIMENT

Market sentiment indicators present how many traders have taken a particular position in a currency pair. The Forex market sentiment is a tool that presents crowd behavior.

► Dukascopy SWFX Sentiment

 COMMITMENTS OF TRADERS REPORT

The Commitments of Traders (CFTC) is a weekly report presenting the net non-commercial (speculative) positioning in the US Forex futures market. The report can highlight the change in the positions of the 'smart money'. The COT report is released every Friday at 3:30 pm (EST time) and shows the positions for the prior Tuesday.

CME Group COT | ► Scotia Bank Report

PIVOT CALCULATOR

A pivot point is a price level that is calculated as an average of significant prices from the performance of a financial asset in the prior trading period.

► Pivot Points Calculator

FIBONACCI CALCULATOR

The Fibonacci Calculator is able to forecast major support and resistance price levels according to custom Fibonacci ratios. The Fibonacci calculator can be used when trading any financial market (Forex, Equities, Bonds or Commodities) in any timeframe. As the price of a financial asset pulls back after an uptrend or a downtrend wave, that price pullback usually follows a certain mathematical relationship. The Fibonacci retracement uses the basic ratios (23.6%, 38.2%, 61.8%, and 78.6%) deriving from the Fibonacci's sequence of numbers, plus 50.0%.

Learn more on Fibonacci Trading |  Fibonacci Calculator

LIVE ECONOMIC CALENDAR

Trading the news is one of the most popular ways to trade the Foreign Exchange intraday. The Forex calendar is designed for those trading the fundamental updates on the currency market. However, a Forex calendar is useful for all types of traders. For example, intraday traders can use a live calendar to avoid upcoming news and by this way to reduce their market risk. Influential news releases include all interest rate decisions and the monthly release of the US NFP (Non-Farm Payrolls).

► MyFxBook Calendar | ► ForexLive Economic Calendar

 

Create your Own MT4/MT5 Trading Indicators for Free


 

Foreign Exchange Periodic Statistics

 

Forex Currency fluctuations are highly influenced by time. Forex currencies are basically mechanisms of commercial and general economic activity, and economic activity is characterized by intense cycles. In this context, Qexpert.com has performed an analysis regarding the historic fluctuations of the major Forex currency pairs as concerns semesters, months and quarters. For each Forex pair, you may find the average change (%) per period but also the number of bullish periods (↑) and the number of bearish periods (↓). In order to make the results more obvious, all periodic changes (%) are calculated by deducting the average value of each period. As a result, the sum value of each periodic change (%) is always zero (=0%). Here are the results.

Table: Forex Data Analysis based on Qexpert.com Research (period 2000-2013)

  EUR/USD GBP/USD USD/JPY USD/CAD EUR/CHF AUD/USD NZD/USD
AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES AVERAGE CHANGE TIMES
SEMESTERS
1ST SEMESTER -15.9% 7times ↑ 7times ↓ 3.5% 9times ↑ 5times ↓ 25.8% 9times ↑ 5times ↓ -9.0% 7times ↑ 7times ↓ 4.4% 7times ↑ 7times ↓ -2.3% 8times ↑ 6times ↓ -15.7% 6times ↑ 8times ↓
2ND SEMESTER 15.9% 9times ↑ 4times ↓ -3.5% 7times ↑ 6times ↓ -25.8% 5times ↑ 8times ↓ 9.0% 6times ↑ 7times ↓ -4.4% 6times ↑ 7times ↓ 2.3% 7times ↑ 6times ↓ 15.7% 8times ↑ 6times ↓
MONTHS
JANUARY -13.4% 6times ↑ 8times ↓ -0.6% 6times ↑ 7times ↓ 8.2% 9times ↑ 5times ↓ 2.2% 8times ↑ 6times ↓ 8.3% 8times ↑ 6times ↓ -5.7% 6times ↑ 8times ↓ -8.3% 9times ↑ 5times ↓
FEBRUARY -6.8% 7times ↑ 7times ↓ -14.2% 6times ↑ 8times ↓ 11.7% 8times ↑ 6times ↓ 5.4% 6times ↑ 7times ↓ -2.8% 4times ↑ 10times ↓ -0.2% 9times ↑ 5times ↓ -10.3% 7times ↑ 7times ↓
MARCH 1.0% 7times ↑ 7times ↓ -3.1% 8times ↑ 6times ↓ 12.0% 9times ↑ 5times ↓ 0.0% 6times ↑ 8times ↓ 2.1% 10times ↑ 4times ↓ -3.4% 7times ↑ 7times ↓ -2.9% 7times ↑ 7times ↓
APRIL 7.4% 7times ↑ 7times ↓ 18.3% 12times ↑ 2times ↓ 3.1% 6times ↑ 8times ↓ -13.4% 4times ↑ 10times ↓ 5.8% 6times ↑ 8times ↓ 22.3% 11times ↑ 3times ↓ 14.7% 11times ↑ 3times ↓
MAY -10.0% 6times ↑ 8times ↓ -7.2% 4times ↑ 10times ↓ -7.2% 5times ↑ 9times ↓ -6.8% 6times ↑ 8times ↓ -1.7% 6times ↑ 8times ↓ -16.1% 4times ↑ 10times ↓ -11.7% 6times ↑ 8times ↓
JUNE 6.0% 9times ↑ 5times ↓ 10.7% 9times ↑ 5times ↓ 2.0% 8times ↑ 6times ↓ 4.5% 5times ↑ 9times ↓ -3.7% 6times ↑ 8times ↓ 4.9% 9times ↑ 5times ↓ 4.1% 9times ↑ 5times ↓
JULY -1.3% 6times ↑ 8times ↓ 6.2% 7times ↑ 7times ↓ -4.7% 8times ↑ 6times ↓ -0.9% 7times ↑ 7times ↓ -1.3% 7times ↑ 7times ↓ 2.5% 7times ↑ 7times ↓ 0.8% 7times ↑ 7times ↓
AUGUST -7.5% 8times ↑ 6times ↓ -12.2% 5times ↑ 9times ↓ -19.5% 4times ↑ 10times ↓ 4.0% 6times ↑ 8times ↓ -1.4% 6times ↑ 8times ↓ -17.3% 4times ↑ 10times ↓ -11.8% 6times ↑ 8times ↓
SEPTEMBER 7.7% 7times ↑ 6times ↓ 4.6% 8times ↑ 5times ↓ -2.5% 7times ↑ 6times ↓ -3.4% 5times ↑ 8times ↓ 7.6% 8times ↑ 5times ↓ -5.3% 7times ↑ 6times ↓ -4.0% 7times ↑ 6times ↓
OCTOBER -9.3% 7times ↑ 6times ↓ 0.9% 8times ↑ 5times ↓ -12.1% 5times ↑ 8times ↓ 10.0% 7times ↑ 6times ↓ -8.1% 6times ↑ 7times ↓ 1.9% 10times ↑ 3times ↓ 3.6% 9times ↑ 4times ↓
NOVEMBER 3.7% 7times ↑ 6times ↓ -8.0% 4times ↑ 9times ↓ -2.8% 6times ↑ 7times ↓ -0.9% 5times ↑ 8times ↓ -0.7% 5times ↑ 8times ↓ 2.5% 8times ↑ 5times ↓ 1.2% 9times ↑ 4times ↓
DECEMBER 22.6% 8times ↑ 5times ↓ 4.7% 5times ↑ 8times ↓ 11.8% 7times ↑ 6times ↓ -0.8% 6times ↑ 7times ↓ -4.1% 7times ↑ 6times ↓ 13.8% 7times ↑ 6times ↓ 24.6% 8times ↑ 4times ↓
QUARTERS
1ST QUARTER -19.2% 4times ↑ 0times ↓ -17.9% 5times ↑ 9times ↓ 31.9% 11times ↑ 3times ↓ 7.6% 9times ↑ 5times ↓ 7.6% 8times ↑ 6times ↓ -9.2% 9times ↑ 5times ↓ -21.5% 7times ↑ 7times ↓
2ND QUARTER 3.4% 4times ↑ 0times ↓ 21.8% 9times ↑ 5times ↓ -2.1% 6times ↑ 8times ↓ -15.6% 6times ↑ 8times ↓ 0.4% 6times ↑ 8times ↓ 11.1% 8times ↑ 6times ↓ 7.0% 6times ↑ 8times ↓
3RD QUARTER -1.1% 2times ↑ 2times ↓ -1.4% 8times ↑ 6times ↓ -26.7% 6times ↑ 8times ↓ -0.3% 8times ↑ 6times ↓ 4.9% 7times ↑ 7times ↓ -20.0% 8times ↑ 6times ↓ -14.9% 7times ↑ 7times ↓
4TH QUARTER 17.0% 4times ↑ 0times ↓ -2.4% 7times ↑ 6times ↓ -3.0% 6times ↑ 7times ↓ 8.3% 5times ↑ 8times ↓ -12.9% 3times ↑ 10times ↓ 18.2% 10times ↑ 3times ↓ 29.4% 10times ↑ 3times ↓

Source: Qexpert.com, WebForex.net

 

Note:

(I) The data sample has a duration of 13 years and 9 months (from January 2000 to September 2013)

(II) In order to make the results more obvious, all periodic changes (%) have been calculated by deducting the average value of each period. As a result, the sum value of each periodic change (%) is always zero (=0%)

(III) The results of this research are provided for educational purposes and not for trading purposes

 

Trading Foreign Exchange Yearly Calendar

WebForex.net (c) -Analysis by George M. Protonotarios, Financial Analyst