I always lean more towards fundamental analysis. I find it hard to believe a software can point out with accuracy all the indicators I need to know to succeed on a trade.
It doesn’t make any sense…Does anyone make money with Forex using a software?
I would love to get some feedback
I guess by software you mean a chart package, which allows applying indicators et cetera?
Personally, I’m not a big fan of indicators … I prefer trading Price Action, and only draw some Support/Resistance lines and the occasional daily Fibs.
But of course I need a chart for trading PA.
Other traders will tell you that certain indicators are indispensable to work profitably.
It’s all a matter of personal preference.
I guess as long as one makes a profit with whatever method one employs, he/she is right, hehe.
Cheers,
P.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
(Colin Powell)
I am using MT4 to make money with forex. It is a free package. It won’t cost you anything to try it out. But if you trade fundamentals, it is probably sufficient to trade with free charts like on dailfx.com.
I use the software to identify my trade opportunities and place the trades. I trade on M1, but want to have a life as well. So software if for me like a trading clerck that follows my rules exactly.
As newbie you do not need expensive software. Have a look at websites like freestockcharts and tradingview (both .com). They provide you with real time data for free.