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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

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COMPARE FOREX MANUAL TRADING SIGNAL PROVIDERS

These are some popular manual Forex Trading Signaling Systems. Most of the following services are provided via a periodic subscription fee, but there are too some trading systems that can be purchased once and to be used for a lifetime without limitations (EA Builder). Some of the following signaling services offer also a trial period.

FOREX SIGNALS

MARKETS

FEATURES

SIGNALS DELVERY

COST

LINKS

 

EA BUILDER -FREE FOR MANUAL SYSTEMS

◙ EA BUILDER SYSTEM

(Manual & Automated Signals)

 

EA Builder can trade any asset listed on MT4, MT5, and TradeStation

■ Fx Currencies

■ Indices and Shares

■ Commodities

■ Bonds

◘ Create your own Trade Strategies

◘ Full Money Management Features

◘ Trading Education via Video Tutorials

◘ Upgrade your system to an EA without any special skills

• Email Manual Alerts

• SMS Alerts

• On-Screen Alerts

EA Builder can trade any asset listed on MT4, MT5, and TradeStation

> Free for MT4 manual systems

> 97 USD / ONETIME for EAs

» EA Builder Review

ForexTrendy Scanner

◙ FOREX TRENDY SIGNALS

(Manual Signals)

Forex Trendy is a Forex scanner that can be used for Learning and Trading.

Forex Currency Signals

■ Forex Learning

◘ Forex Trading Signals

◘ Trend Analyzer

 

• Email Trading Alerts

• Sound Trading Alerts

Forex Trendy is a Forex scanner that can be used for Learning and Trading

> 37 USD / Every three (3) Months

 

» ForexTrendy Review

 

Mentoring Forex Trading Signals

◙ MENTORING CLUB SIGNALS

(Manual & Automated Signals)

Forex Mentoring Club offers an advanced trading system.

It includes education, trading alerts, and automated copier.

■ Forex Trading Signals

■ Gold Trading Alerts

■ Selected Stocks Signals

◘ Intraday Signals

◘ Swing Trading Signals

◘ Trading Education via Video Tutorials

◘ Private Forums with Manual Alerts

 

• Email Manual Alerts

• Private Forum Alerts

• Automated MT4 Forex Trading Copier

It includes education, trading alerts, and automated copier.

> 77 USD / month

» Mentoring Signals Review

◙ FOREX X CODE SIGNALS

(Manual Signals)

Forex X Code is a simple system to trade Forex.

It can analyze all assets provided by the Metatrader4 Platform:

■ Fx Currencies

■ Commodity Trading

■ Stocks & Bonds

◘ Trend Scanner via MetaTrader4

◘ Visualized Interface

◘ Scanning Uptrend, Downtrend and Ranging Markets

 

• SMS Alerts

• Desktop Pop-Ups

Forex X Code is a simple system to trade Forex

 

> 80 USD / one time cost

> Lifetime Use

 

» Review Forex X Code

◙ FOREX MENTOR PRO SYSTEM

(Manual Signals)

Forex Mentor Pro is designed as a Learning and Trading Forex System.

■ Fx Currencies

◘ Forex Learning

◘ Forex Trading Alerts

 

• Daily Video Analysis

• Members Area

• Private Forums

Forex Mentor Pro is designed as a Learning and Trading Forex System

 

 

> 50.25 USD / per month

 

» Review Forex Mentor Pro

 

Compare Forex Manual Trading Signals

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