What I am going to tell you is one of the most important things you will read in a long time. If you are looking for the best FOREX software that will provide you with the best returns on your investment, there is some vital information you need to know if you want to continue your search …
The first question you are probably asking yourself about FOREX software is how it can help you achieve your goal of trading successfully in the currency markets. The answer is quite simple … it doesn't actually predict market outcomes, it just recognizes trends that may cause the market to behave in a certain way. Because these trends have always been correct, they usually give the trader a unique spike of odds in favor of a profitable trade. As you can imagine, you don't have to be correct all the time when predicting trades – you just need to be correct more than half the time.
Unfortunately, many software solutions overlook this point and instead try to opt for the "big win" instead of the small wins that make a person rich. Knowing this, you need to understand that there are basically two different types of software on the market and only you can decide which one is best suited for your situation.
The former is simply designed to send you trading signals. They tell you, in real time, what the market is about to do, and then you can make the decision to trade with that signal, go against it or ignore it altogether and don't trade. at all. The big problem is that it forces you to constantly monitor your account and be ready to trade when the signal comes in.
The second is called an "Expert Adviser" and is a program that does the trades for you. If you are comfortable with a computer that decides when you trade and when you don't, this option should be for you.