A forex prediction and analysis software does a few things which can help you make more money in currency trading. What the software does is analyze the market data of the various forex pairs as well as other indicators and predicts where the market will go in the future. This is of course something which any trader would love to know as pre-knowledge equals money, and in the Foreign Exchange market, it means a lot of money.
Of course, no forex prediction and analysis software is perfect or we'll all be billionaires, and the market is often so volatile that it is often very difficult to predict where any currency is going. However, a good forex prediction software will improve the probability of you making profitable transactions which will help you to make more money in the long run.
One of the best (if not the best) Forex prediction and analysis software for the home user is Forex Killer by Andreas Kirchberger (a veteran trader of Deutche Bank). Forex Killer is extremely popular and has been used by thousands of people worldwide to improve their forex earnings.
The reasons why I believe this may be the best forex prediction and analysis software for the individual home trader is for the following reasons:
- It's easy to install
- It's reliably easy to use – provided you read the manual correctly and follow the instructions
- Provided the prices for you to feed to your broker based on market information which is exactly what a currency prediction software should do.
- Is affordable (compared to other softwares which can cost many hundreds of dollars)
- Has excellent reviews from users.
You should know however, that it does take a few days to learn how to operate this software correctly. When you do, however, it can be an absolutely different trading experience for you.