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Forex (foreign exchange) trading is a zero-sum game or even negative-sum game if consider the broker commissions and transaction costs. To gain from other people’s loss, foreign currency traders use forex software such as automated robot tools and online forex platforms to fight against their competitors. These forex programs can be run in Windows/Mac/Linux computers or mobile phones. They provide analysis and prediction of forex signals and charting, helping traders improve their forex strategies and make better transaction decisions.

Limitations of Free Forex Charting, Signals, and Analysis Software Platforms

A retail foreign currency trader can purchase commercial forex software such as ACM Forex Trading and OZ Forex, rent a web-based online forex system that costs hundreds of US dollars a month, or use a free forex platform provided by a software company and their affiliate forex brokers.

But most of the free programs are not totally free. For example, a customer could be asked to open a forex account with a supported broker before getting freeware. The broker and software provider will make money by sharing brokerage commissions and other transaction costs, and a customer could be charged for a set fee or a monthly cost if he doesn’t do enough transactions.

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