Here are tools that will help you streamline your trading and market analysis. The best part is that these tools are totally free.
Maximum Drawdown Prevention Calculator
A Maximum Drawdown Prevention Calculator is one of the most important tools in a Forex trader’s toolbox. It allows you to calculate exactly how much to risk per trade, in order to avoid a percentage drawdown that would freak you out.
MetaTrader 4
MetaTrader 4 is one of the most used trading platforms in the world. There are many indicators, scripts and Expert Advisors available on the internet. To see our custom plugins for sale, go here.
Download it and get data for free.
MetaTrader 5
MetaTrader 5 is not as widely used at MT4, but adoption is increasing as MetaTrader is phasing out MT4. There are many indicators, scripts and Expert Advisors available on the internet. To see our custom plugins for sale, go here.
Download it and get data for free.
TradingView Free
TradingView is my favorite trading/charting platform, period. See my complete review here.
The paid version is much better than the free version. But if you’re just getting started, the free version will allow you to try it out or use it for basic charting.