Use the Free Forex Charting Software that the Pros Use

In order to get good professional forex charting software you will often be required to pay a monthly fee

. Or with some brokers if you open a live account with a minimum deposit they will give you free forex charting software. At least that's the way it was in the past.

Now MetaTrader is available free and is the trading charts and platform the professional traders are using. MetaTrader is a free charting software and trading platform program all in one. You get professional charts with all the indicators for technical analysis. Most major forex brokers are now supporting MetaTrader so you can place your trades with a mouse click or two right on your charts.

Not only do you get a full range of indicators, they are very customizable and you can even create your own indicators. You also have the ability to easily back your indicators to see how well they would have performed over time.

One of the greatest functions of MetaTrader is the ability to create and use expert advisors. Expert advisors or EA's, sometimes called robots are programs that will trade for you. Once you find a trading strategy that works you can program the EA to actually trade the strategy for you. This way you don't have to be there watching the charts or waiting for the signal to trade. The EA will do it all for you.

Since EA's doesn't have bad habits or human emotion to get in their way they tend to be much more consistent traders than humans. The key is to get one programmed with a trading strategy that is a proven gainer. Sometimes instead of making yourself it's best to buy one that has already been proven to produce well over time.

If you are looking for free forex charting software see if your broker supports MetaTrader and try it out on a demo account. If they don't I suggest you look for a new broker. Watch the forex robot that I use trade the forex live and see how a forex expert advisor can make money for you on autopilot.

Use the Free Forex Charting Software that the Pros Use

By: M Wilson

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