Best Technical Analysis Software

There are plenty of options available if you are looking for some technical analysis software to help you analyse the forex market for potential trade setups. This includes both free and paid options, some which you can get directly through the best forex brokers. Technical analysis is a vital part of any forex trading strategy that can help you to make informed trading decisions and give you an edge on the market. With that being said, let’s take a look at my top 5 technical analysis software’s for trading forex.

1. TradingView

A group of programmers and traders with experience in developing trading software, who share the belief that trading technology should be simple, effective, and available to anyone, have created TradingView, a cutting-edge endeavor. By utilizing the most recent developments in cloud computing and browser languages, the idea of making interactive charts and widgets accessible to anybody worldwide through any browser became a reality.

Additionally, TradingView is a social network where traders may communicate, exchange knowledge, and collaborate on skills-enhancing projects. It’s a first step toward having a full trading platform in a web browser and a special and straightforward approach to rapidly communicate live charts with technical analysis ideas that links traders together. You can get TradingView access via BlackBull Markets.

2. Autochartist

Save time by using a crucial trading tool. When trading CFDs on Forex, Metals, Stocks, Stock Indices, Oil, and Cryptocurrencies, use Autochartist, one of the most flexible technical analysis tools, to help you make smart trading decisions. One of the best trading tools in the world, Autochartist searches through vast amounts of data to find chart patterns and important price levels for a variety of Forex and CFD products.

You may scan the markets to filter out the noise, identify trading opportunities, and forecast future price movement with accuracy, speed, and absolute transparency using an award-winning web platform and MT4/5 plugin. You can get Autochartist via top brokers such as IG.

3. Trading Central

One of the top sources of technical analysis in the market is Trading Central. They are a certified member of Investorside Research, Euro IRP, and Asia IRP, three independent research provider groups. The U.S. Securities and Exchange Commission (SEC) has registered it as an investment adviser (RIA) (SEC).

a market leader in offering global exchanges, hedge funds, brokers, financial institutions, and individual traders practical investment research tools. Their product line delivers technical, basic, and value-based analytics interpretation that is both human and automated. By assisting them in generating trading ideas, validating trading decisions, and managing risk right at the point of action, these insights enable today’s traders to take part in the financial markets.

Markets change quickly, making it challenging to manage a complicated portfolio in the most effective manner. Retail traders struggle more because they lack the resources that institutional traders do. By providing a combination of automated analytics and analyst research that may serve as the cornerstone of a solid trading strategy, Trading Central fills that gap. You can get Trading Central via AvaTrade.

4. MetaTrader

MetaTrader is the trading platform of choice for millions of traders with a variety of demands. The platform provides traders with a wealth of alternatives for trading at all levels, including expert advisors, algorithmic trading, customizable trading systems, advanced technical analysis, and mobile trading applications.

MetaTrader’s boundaries are expanded by signals and market supplemental services. You can mimic other traders’ moves using the Signals service, and the Market offers a variety of Expert Advisors and technical indicators that you can purchase.

Access to a variety of markets and hundreds of various financial instruments, such as indices, CFDs, commodities, and foreign currency, are provided by trading on MetaTrader. You may download it for free and get all the tools you need to manage your trades and analyze the markets.

You may monitor and analyze the markets in real-time using the interactive, simple-to-read charts provided by the MetaTrader platform. Additionally, you will have access to more than 30 technical indicators that can be used to help you spot market trends and exit signals.

The robust security system and multi-device capabilities of MetaTrader are further advantages that let you trade at your convenience and with total confidence. MetaTrader is the go to forex platform for most retail FX brokers, including XM Group.

5. cTrader

For Forex and CFD brokers, cTrader is a complete trading platform solution to provide to its clients. The platform offers a wide variety of options to accommodate all potential investing preferences.

It is a top multi-asset trading platform for Forex and CFDs, with a wealth of charting tools, sophisticated order types, level II pricing, and quick entry and execution. It has a gorgeous user interface, is linked to the most cutting-edge backend technology, and is made available across a variety of devices.

Anyone can sign up to be a Strategy Provider on cTrader Copy and advertise their trading method in exchange for a commission or fee. Other traders can look over the available methods, copy them, and enjoy risk-free investment. Traders can also apply their own risk management preferences.

With the help of the strong and user-friendly cTrader Automate solution, traders may create algorithmic trading robots to automate their trading tactics. Traders can create code in the integrated development environment, test and refine their robots and custom indicators, and more using cTrader’s cutting-edge C# API.

Utilize the Open API of cTrader to create your own applications. It is a universally available, safe, and free API. The proven technologies of cTrader can be used by developers to create online, mobile, or desktop applications that can connect to any cTrader account and execute trades with it.

Every trader who has a cTrader account has access to the industry-standard FIX API trading interface. There are no fees, obligations, or administrative hassles associated with access. The rules of engagement for the FIX API were further updated to support trading with hedging accounts while still being specifically tailored to the needs of retail traders.

cTrader is not provided by as many forex brokers compared to MetaTrader but some professional traders consider it to be the superior trading platform for technical analysis. If you want to give it a try, you can download it for free from Pepperstone.


Hopefully that gives you a clear idea on some of the best technical analysis software that you can start using right away to improve your forex market analysis and evolve your trading strategies further. I think that this are all excellent trading tools for discovering and filtering opportunities in the currency market.

As I said, you can get the majority of them free through the best brokers, including IC Markets. They are my top forex broker for both manual and automated forex trading strategies. They not only provide industry leading technical analysis software. They also have excellent trading conditions including tight spreads, low fees and quick execution speeds, backed up with 24/7 customer support.

Free Forex Robot