Currency Trading Tools

There are many free Forex trading tools designed to improve the performance of currency traders. These are some useful online Forex tools.

■ FOREX MARKET SENTIMENT

The market sentiment tool shows how many traders have taken a particular position in a currency pair. The market sentiment highlights the crowd behavior.

► Dukascopy SWFX Sentiment

■ COMMITMENTS OF TRADERS REPORT

The Commitments of Traders (CFTC) is a weekly report presenting the net non-commercial (speculative) positioning in the US Forex futures market. The report can highlight the change in the positions of the 'smart money'. The COT report is released every Friday at 3:30 pm (EST time) and shows the positions for the prior Tuesday.

► More about Commitments of Traders on TradingCenter

► CME Group COT | ► Scotia Bank Report

MetaTrader-4 (MT4) Essential Tips and Tricks

MetaTrader4 from MetaQuotes is the standard platform of the Forex industry. MT4 is a free and an efficient software solution for trading Forex, CFDs, and Futures. MetaTrader4 can meet the requirements of any advanced and professional trader, offering features such is fast order execution, full customization, 1-click-trading, built-in language for developing EAs, historical back-testing, and much more.