Editor's review
This is a software tool that alerts you about trend changes and confirms the trend change so that a Forex dealer can take advantage of the trend and trade profitably.
Review: TrendCatch checks the currency spot market and determines trend. Trend signals can be generated for seven FX Pairs; EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD GBP/JPY. The software does not predict a future price but determines when the prevailing trend changes. It’ll confirm if the trend change actually happened and the trader should think about changing his/her position. In fact, the developers warn about not to enter a trend before the trend from long to short or short to long has been confirmed. The price at which a trend change is likely to happen is shown in the graphical trend channel display. Price column display also gives out an alert. The associated sound alert can be turned off if you like.
There is no need to subscribe to data feeds the trend server analyzes S&P 500 E-Mini Index Futures Market, Index Trading S&P Futures or Forex (FX) Spot market to recognize the upcoming trends and pushes the data to the customer. Rather than trying to predict a price this tool tries to suggest a trading strategy as to when to go long or short. How successful you are going to be using the strategies is difficult to predict. Best way to adopt the software would be to actually try the tool for the 5 free trial days and decide for yourself. Overall this is an excellent package.
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