Top 3 Free Technical Analysis Softwares
It's important for you as a trader to have a charting software that gives you reliable live forex, crypto, and stock charts, and the tools and indicators you need for your technical analysis.
Analyzing charts becomes a problematic task for any trader without a reliable charting software.
You should be able to plot your favorite price data such as candlesticks, Heikin Ashi, bars, renko, and technical indicators such as trading volume, Bollinger bands, and moving averages, that are appropriate for technical analysis to help you identify entry points, market trends, and reversals.
These three are the best free technical analysis charting softwares for reliable live forex, crypto, and stock charts that will help both new traders learning technical analysis and charting as well as experienced traders looking for a new and better charting software for their technical analysis.
Best Technical Analysis Softwares
1. TradingView
TradingView Basic is the best trading platform for technical analysis because you can use it to trade any market on any device and it's cloud based so you can access from anywhere. No downloads or complex installations. They also have an iOS and Android app available as a free download on their website.
You can modify every chart to your own personal liking, choose your preferred background color, size and much more. These charts are community driven, so you can follow our and other traders signals.
Trade live forex, crypto, futures, and stock charts, perform technical analysis, see trade ideas, and share your own analysis.
Our 10X Trading System buy and sell reversal signal indicator runs on TradingView based on backtested strategies that will help you identify better entry points. Signals are non lagging and non repaint.
Here are the settings I use on the TradingView charting software:
One of the best features of TradingView's free charting software are the smart drawing tools, technical analysis indicators you can use on any device (mobile, tablet, and laptop), and powerful chart scanning tool to help you find the best forex pairs, cryptos, and stocks to trade.
You can also set many different kinds of alerts, so you get a notification every time forex pairs and stocks starting to move to remind you of possible setups. You can also create your own watch lists to keep track of forex pairs, crypto, stocks, and other markets.
2. PocketOption
This is also the platform I use when trading my one minute candle strategy:
You can activate SuperTrend trend lines chart scanner, Alligator lines, Ichimoku clouds, Envelops, and more.
This software is designed to help you make smarter trading decisions. You can use one of the free technical analysis tools to find, plan, and time your trades with greater accuracy and profitability.
You can view 4 charts at the sane time on each of your screens and use the chart type you prefer (line chart, Heiken Ashi chart, bar chart, or candlestick chart).
The also have a very beginner friendly and comprehensive education section with tutorials, guides, and simple trading strategies.
If you're a beginner this all in one place trading platform can really simplify your technical analysis, reduces your risk, and can help you see what you're missing.
3. MetaTrader 4
MetaTrader 4 or MT4 is one of the best free forex technical analysis software for trade management, analyzing live charts forex, gold, and oil charts using advanced technical indicators and expert advisors.
You can use MT4 for mobile trading, forex signals and live market data. The MetaTrader 4 forex charting software will help you become a better forex trader.
MetaTrader 4 work for Windows, Mac, as well as iOS and Android mobile devices and this forex trading analysis software is available for free download.
The MT4 forex chart software give traders of all skill levels the opportunity you use advanced technical analysis tools, the most popular indicators like moving averages, MACD, RSI and custom trading systems, algorithmic trading, and expert advisors.
Some of the most successful forex traders choose MetaTrader 4 as their platform for trade management. You can easily manage positions and set market, limit, and stop loss orders so you don't have to watch the charts all day.
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Johan Nordstrom is a full-time trader, and a family guy in his early 30's who trades the markets in a simple yet effective way. He has a master's degree in risk management and years of experience trading the markets. He has helped hundreds of struggling traders become consistently profitable. Read more.
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