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3 Best Free Technical Analysis Charting Softwares

Free Technical Analysis Charting Software
What's the best free forex and stocks technical analysis software? 

Well, it depends on trading style and your skill level.

It's important for you as a trader to have a charting software that gives you reliable live forex and stock charts and the tools and indicators you need for your technical analysis.

Here's the deal:

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 best free charting softwares have reliable live forex and stock charts that will serve as an essential resource for both new traders learning technical analysis and charting as well as experienced traders looking for a new and better charting software to trade on.

Best Technical Analysis Charting Softwares

1. TradingView Free Charting Software
TradingView Basic is the best free charting software 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.

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 and stock charts, do technical analysis, see trade ideas, and share your own analysis.
One of the best features of TradingView's free charting software are the smart drawing tools, technical analysis indicators, and powerful scanning tool to help you find the best forex pairs and stocks to trade. 

You can set alerts, a great way to remind you on forex pairs and stocks starting to move or remind you of possible setups. You can also create your own watch lists to keep track of hot forex pairs and stocks. 
2. TrendSpider Free Charting Software
TrendSpider is an innovative AI-powered charting and automated technical analysis software that provides you with a very easy to use trading platform you can use to trade live forex and stock charts.

You can activate automatic trend lines scanner, automatic heat maps (supply/demand zones), auto Fibonacci retracement, candlestick patterns scanner, multiple time frame analysis and much more.
TrendSpider is one of the best forex and stock charting software for beginners because the AI-powered algorithm can automate much of your technical analysis and help you see what you're missing.

This software is designed to help you make smarter trading decisions. You can use one of the automated technical analysis tools to find, plan, and time your trades with greater accuracy and profitability. 

If you're a beginner it can really automate your technical analysis, reduces your risk, and can help you see what you're missing.
3. MetaTrader 4 Free Charting Software
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. 

MetaTrader 5 is their new multi-asset platform where you can trade forex, stocks, and futures markets.

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. 
A lot of successful traders choose MetaTrader 4 as their platform for trade management to trade the forex market. 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.
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Johan Nordstrom Professional Trader Risk Management
I'm a family guy in my early 30's who learned how to trade the markets in a simple yet effective way. During university, I studied investing and graduated with a master's degree in risk management. Quickly, I realized that I was onto something. I started helping friends and taking students. My students started getting results, spent less time in front of their screens, and their accounts grew consistently. Learn more about me here.
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