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Free Forex Trading Tools

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Foreign Exchange Trading Tools

⚒️ Currency Trading Tools

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

■ FOREX MARKET SENTIMENT

The market sentiment tool indicates how many traders have taken a specific position in a currency pair. It highlights overall crowd behavior.

■ COMMITMENTS OF TRADERS REPORT

The Commitments of Traders (CFTC) is a weekly report that presents the net non-commercial (speculative) positioning in the US Forex futures market. This report can reveal changes in the positions of 'smart money'. It is released every Friday at 3:30 pm (EST) and reflects positions from the previous Tuesday.

► More about Commitments of Traders on TradingCenter

► CME Group COT | ► Scotia Bank Report

The MetaTrader-4 Tutorial

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MetaTrader-4 (MT4) Essential Tips and Tricks

MetaTrader 4 from MetaQuotes is the standard platform in the Forex industry. MT4 is a free and efficient software solution for trading Forex, CFDs, and Futures. It meets the needs of advanced and professional traders by offering features such as fast order execution, full customization, one-click trading, a built-in language for developing EAs, historical back-testing, and more.

Forex Trading Links

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Forex Trading Links -These are some important websites for all currency traders



ORGANIZATIONS	USA	FOREX DIRECTORIES
» World Bank	» National Bureau of Economic Research	» ForexMagnates.com, Forex News for Individual and Institutional investors
» International Monetary Fund	» The National Association for Business Economists	» EarnForex — Information about Forex trading, brokers, free Forex e-books, online tools, and currency trading articles for newbies and expert Forex traders.
» International Finance Corporation (IFC)	» USA Fedstates
» European Investment Bank	» Financial Markets Center
» Bank for International Settlements	EUROPE
» Asian Development Bank	» Eurostat
» African Development Bank	» Confederation of British Industry
	» National Inst. of Economic & Social Research (UK)
CENTRAL BANKS	» Spain National Institute of Statistics
» US Federal Reserve	» Italy National Institute of Statistics
» US Federal Reserve Bank of NY	» National Inst. of Statistics and Economic (France)
» European Central Bank	JAPAN
» Bank of England	» Ministry of International Trade and Industry
» Bank of Japan	» Japanese Statistics Bureau
» Reserve Bank of Australia	» Japan's Ministry of Finance
» Bank of Canada
» Swiss National Bank

Forex Heat Map and Use

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🔥 What is the Forex Heat Map and How Can I Use it?

What is the Forex Heat Map?

The most important research for a Forex trader is analyzing the currency market. For this purpose, you have access to a variety of tools and resources available through the MetaTrader 4 platform.

The Market Heat Map is a crucial tool for market analysis. It provides quick, real-time insight into the biggest movers in the Forex world.

Let’s explore exactly what the Market Heat Map is and how it can benefit you.

What is the Market Heat Map?

The Market Heat Map functions like a “radar” that tracks price movements and daily trading activity. It highlights the largest market movements on both the upside and downside. These movements represent the “heat” on the map.

This tool helps you stay informed about long and short trading opportunities, daily trends, volatility, and other key metrics in real time.

Forex Regulators

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Forex is a multi-trillion-dollar market, with a daily turnover reaching 4 trillion U.S. dollars. In such a vast market, brokers need to be credible and reliable. Strong regulation of Forex brokers gives traders confidence that their funds are securely held and managed according to ethical business practices. A Forex regulatory body serves as a guideline for investors seeking safe trading systems that adhere to established standards.

Major Forex Regulators

It is important for investors that their partner (Forex broker) is licensed and regulated by at least one major regulatory body. Unregulated Forex brokers can pose significant risks to investors and may cause serious financial losses, especially when it comes to procedures like withdrawing funds.

■ ASIC (Australia)

ASIC is the main Forex regulatory body in Australia. Established in 1991 as a replacement for the NCSC (National Companies and Securities Commission), it oversees corporate and financial markets as well as financial services in the country. ASIC specializes in regulating OTC markets and brokerage firms, including Forex brokers and binary options brokers.