Top 10 free tools for Forex Investors

　　As a forex trader or investor, you need to have access to the right tools and resources to make informed trading decisions. Luckily, there are many free tools available online that can help you do just that. In this article, we'll take a look at the top 10 free tools for forex traders or investors.

　　Tradinglive

　　TradingLive is the world's first multi-lingual financial streaming community dedicated to the mission of “making investment learning more efficient and knowledge sharing easier.

　　TradingLive aims to break down boundaries, and build a bridge between professional investors and retail investors through live stream community.

　　More than 35 countries' investors have been engaged in TradingLive community. We contribute to build a professional and diverse financial learning community. Most of our certified lecturers have worked at top global financial institutions or private equity institutions.

　　In the future, TradingLive will continue to focus on investor education, and further contribute to the development of the financial industry through a series of policies.

　　Tool link:https://www.trading.live/

　　Economic Calendar

　　An economic calendar is a tool that displays the dates and times of upcoming economic events, such as central bank meetings, economic data releases, and political events. These events can have a significant impact on forex markets, so it's important for traders to stay informed. There are several free economic calendar tools available online, including:

　　Investing.com: https://www.investing.com/economic-calendar/

　　Forex Factory: https://www.forexfactory.com/calendar.php

　　Myfxbook

　　Myfxbook is a free online tool that allows traders to analyze their forex trading performance. It provides detailed statistics on trades, drawdowns, and risk management, as well as a social community where traders can share and compare their strategies.

　　Tool link: https://www.myfxbook.com/

　　DailyFX

　　DailyFX is a free news and analysis website that provides up-to-date information on forex markets. It features market analysis, trading education, and a variety of forex tools and resources, including live webinars and an economic calendar. You can also have alternative forex news and strategies at brokersview.

　　Tool link: https://www.dailyfx.com/

　　Forex Volatility Calculator

　　Volatility is an important factor to consider when trading forex, as it can impact the price movement of currency pairs. The Forex Volatility Calculator is a free tool that allows traders to calculate the volatility of a currency pair based on historical data.

　　Tool link: https://www.myforexchart.com/forex-volatility-calculator

　　OANDA Currency Converter

　　The OANDA Currency Converter is a free online tool that allows traders to convert currencies at the current market rate. It's a useful tool for traders who need to convert currencies quickly and accurately.

　　Tool link: https://www.oanda.com/currency/converter/

　　Oanda is a notorious forex broker and you can check more reviews at brokersview.

　　Forex Heat Map

　　The Forex Heat Map is a free tool that displays the strength or weaknesses of different currency pairs in real-time. It's a useful tool for traders who want to quickly identify which currency pairs are moving in the market.

　　Tool link: https://www.myfxbook.com/forex-market/currencies

　　Forex Correlation Matrix

　　The Forex Correlation Matrix is a free tool that displays the correlation between different currency pairs. It's a useful tool for traders who want to identify correlations and trends in the forex market.

　　Tool link: https://www.myfxbook.com/forex-market/correlation

　　Forex Position Size Calculator

　　The Forex Position Size Calculator is a free tool that helps traders calculate the appropriate position size based on their account balance, risk tolerance, and trading strategy. It's a useful tool for traders who want to manage their risk and maximize their profits.

　　Tool link: https://www.myfxbook.com/forex-calculators/position-size

　　Forex Factory News

　　Forex Factory News is a free tool that provides up-to-date news and analysis on forex markets. It features a variety of news articles, market analyses, and an economic calendar.

　　Tool link: https://www.forexfactory.com/

　　In conclusion, these free tools can help forex traders or investors to stay informed, manage their risk, and make better

　　TradingView

　　TradingView is a popular charting and social networking platform for traders and investors. It offers a wide range of tools, including real-time market data, customizable charts, and technical analysis indicators. Users can share ideas, collaborate with other traders, and access a vast library of trading ideas and strategies.

　　TradingView has a free version that includes basic features, while its paid plans offer advanced tools and data for more experienced traders. The platform is available on desktop, web, and mobile devices, making it easy for users to access their charts and analysis wherever they are.

　　Link: https://www.tradingview.com/

　　Finviz

　　Finviz is a financial visualization tool that provides real-time market data, news, and analysis for stocks, futures, and forex. The platform offers a range of features, including heat maps, technical analysis tools, and customizable charts. Users can filter stocks and other financial instruments based on various criteria, such as market cap, sector, and performance.

　　Finviz has a free version that offers basic features, while its paid plans offer additional tools and data for more advanced traders. The platform is easy to use and provides a wealth of information for traders and investors.

　　Link: https://finviz.com/

　　Myfxbook

　　Myfxbook is a forex trading community and analysis tool that provides real-time market data, trading signals, and analysis for forex traders. The platform offers a range of features, including automated trading systems, social trading, and trading statistics. Users can connect their trading accounts to Myfxbook and track their performance, analyze their trades, and share their strategies with other traders.

　　Myfxbook has a free version that offers basic features, while its paid plans offer advanced tools and data for more experienced traders. The platform is user-friendly and provides valuable insights and analysis for forex traders.

　　Link: https://www.myfxbook.com/

　　The forex market can be complex and challenging for traders and investors, but with the right tools and resources, it can also be a rewarding and profitable endeavor. The above list of free tools for forex traders offers a range of options for traders of all levels and interests.

　　Whether you are a beginner or an experienced trader, these tools can help you to analyze the market, track your trades, and make informed decisions. From charting and technical analysis to news and economic data, these tools provide the information and insights you need to succeed in the forex market.

　　Remember, while these tools can be helpful, they are not a substitute for knowledge, experience, and discipline. It is essential to continue learning and growing as a trader and to practice sound risk management strategies in your trading activities. Good luck!