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Forex Analysis Software Comparisons and Reviews

The best Forex analysis software ranked and compared

Software Forex Tester Trading Solutions
Overall Rating
Price $150 $995
Free Evaluation Version Yes Yes
Range of tools Excellent Excellent
Historical Data Yes Yes
Easy, step-by-step wizard Yes Yes
Signal quality N/A Good
Ease-of-use Excellent Good
  Full Review Full Review

Forex Testeroffers the best value for money by far when it comes to a reliable tool for practicing trading, spotting trends, and developing/testing trading strategies. Click here to read our full review

What to look for when buying Forex analysis software:

Free evaluation software:
Before paying a considerable sum of money for some analysis software you want to be able to take it for a test drive to check out the features. This will allow you to make sure it offers everything you need to be able to analyze the market effectively. It will also help you find out how easy the software is to use.

Forex Tester offer a free evaluation software download

Range of tools:
You are buying analysis software so that you can easily evaluate the market. Therefore, you need to be sure that there are a variety of different charting tools on offer so no matter what your style you have something that suits you.

Customizable spreadsheets:
When you output the data you will probably want to be able to manipulate it yourself. This is particularly true if you are trading a certain strategy that requires some data input to give alerts. A customizable spreadsheet allows you to see the data however you wish and use it in whatever format you need to.

Easy, step-by-step wizard:
This is essential if you have little experience or knowledge of how analysis software works. With a good easy to use wizard you can always perform the analysis you need to with the data.

Signal quality:
Some software packages come with in-built signal alerts. This usually allows you to use either the softwares preset system or one of your own to alert you to the next market opportunities.

 

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