If you are interested in technical analysis or would like to learn more about it then you might want to get yourself a piece of Forex analysis software.
Technical analysis is the study of statistics and trends within the Forex market.
There are a number of methods that can be employed from bar charts to candlesticks.
List of the Best Forex trading platforms
The idea is that you identify trends that will help to identify the next price movement of any given currency pair.
Obviously if you can correctly call a shift in price then you are well positioned to be able to place many profitable trades.
Using Neural Networks to Make Trading More Profitable
So, that brings me on to a free Forex analysis software that I use that is able to help you understand and analyse the market.
What Trading Solutions offers:
- Advanced, automatic market analysis
- Easily identify market trends – even the most complex ones
- Generate your own buy/sell signal alerts
- Test out new strategies before you risk your cash
- Free evaluation download
It’s called Trading Solutions and it is based on neural networks. Now if you do not know what neural networks are do not worry, I’m about to explain.
Neural networks use the history and past performance of a currency pair to look for trends that are likely to be repeated. Once it has identified the trends it is able to alert you to any probably changes in a given currency pair.
Of course it is not 100% accurate otherwise everyone would be using it but it is usually pretty close.
The Trading Solutions software takes these neural networks and adds in some algorithms to help further enhance the accuracy. This then creates some very complex calculations to help spot any patterns that may not be seen by the human eye.
So you see that using a software such as this you can greatly increase the analysis accuracy and speed compared to if you attempted the analysis yourself.
Download Trading Solutions for free by clicking here
Create your own Signal Alerts
In essence what you are getting is a software that allows you to create your own signal alerts. Of course you will need to spend time learning the software and you will need a good level of understanding of Forex to make the best use out of Trading Solutions but it certainly gives you an edge and of course the software is available as a free evaluation download.
The Trading Solutions software also contains a wide range of technical indicators – over 250 to be more precise. That includes indicators such as MACD, TRIX, and Relative Strength Index.
The real beauty of the free Forex analysis software is that it is very customisable. If you want to create your own signal alerts based on specific parameters then you can.
Better still, the software will show you how any signals you setup would have performed if you had been using them historically. This helps you to perfect your trading strategy or take a new strategy you have developed for a test spin before risking your money on trades.
Summary of Trading Solutions
The Trading Solutions free Forex analysis software is a great little tool you can use to gain a competitive edge in the currency trading market.
It is well laid out so even if you are still a beginner you will be able to understand how it works. There are also a range of functions, wizards and guides to help you start creating signals.
If you are a more seasoned trader then you can make use of the advanced analysis tools to create your own neural network topologies.
Of course, the best thing about Trading Solutions is you can download a free 30 day fully functioning evaluation version to test the software out before you buy.
You do not even need to enter credit card details when you download the free software so there is no risk of being charged anything when the trial runs out.
This makes the software a no-brainer to me. You can try it out, learn how it works and if you decide it’s not for you there is no unwanted credit card charge and no obligation to purchase. So, you may as well give it a try.