Forex Trendy has been making a buzz online. This is but natural as many investors, amateurs and experts alike, are looking for the best resources and tools when it comes to Forex trading.
Believe me, many have failed and tried Forex trading on their own… and they don’t just fail. They failed miserably and suffered losses. In fact, I have even heard horror stories of traders who were unfortunate enough to not recover their loses until their deaths.
Dramatic? Nope. They are as real as can be.
Those who want to avoid that problem are smart enough to look for seminars, conferences, tutorials, or even tools to help them learn how to trade, and make better choices in the future. They will also want to scan different trends that affect the market.
For this reason, traders are scouting for trend scanner software products such as Forex Trendy to help them analyze and make a fortune out of this risky endeavor.
This particular software is said to have thousands of users that are enjoying its benefits because it is both pocket- and user-friendly. But we will get to know about this later on.
In this impartial Forex Trendy review, we will talk about what this financial tool is, its inclusions, and its pros and cons so that you can determine if this can provide you with legit information, or if it is just another scam waiting to be exposed.
But first, let’s talk a little bit about Forex trading.
Table of Contents
What Is Forex Trading?
Forex Trading is the purchasing and selling of currencies.
All of us, from a regular person to investors, big companies, and central banks, have different uses for foreign currency. We use it to balance the market, trade, advocate tourism, and make a profit.
However, Forex trading is difficult. You will need lots of time and patience to regularly check and analyze the consistent shift and movement of foreign money. You need to pore over the fluctuation of a currency pair.
Those who are still starting out in this “game” are most likely to fail, and this is the reason why people recommend using tools such as Forex Trendy. The tools can help you lessen newbie blunders when it comes to trading.
You need to know though that using tools is not a sure-fire way of keeping you from losing money. Even trading experts experience loses from time to time. I’m not saying that Forex trading is a scam either. I am just reminding you that you need to know and understand what you are getting yourself into.
As a beginner, your objective is to have a general sense of how trading works and survive it. This will be made easier if you have Forex Trendy.
Now that you are aware of what Forex trading is, let’s delve deeper into Forex Trendy.
What Is Forex Trendy?
Foreign exchange or Forex is not what it used to be. Now, more and more people are trying their hands in trading.
For this reason, there is a massive clamor for programs that claim to aid traders get ahead in the game. More often than not, those programs turn out to be huge scams that do nothing for the user.
This software program, on the other hand, erased my doubts about it. How so? It makes use of an algorithm to look for trends in the market. It garners huge points from me because, unlike other tools, it is reasonably priced.
The program was launched 5 years ago or so. From that moment on, it continually changed and improved to cater to their clients’ suggestions. Traders get to see market conditions every day so that they can figure out if and when to trade.
The best thing about this is that you get to see everything in real time. You can gain access to the perks when you have the software. If you want, you can commence trade monitoring right away.
Who Needs Forex Trendy?
Warning: this program is for those who already have trading market know-how or those who have someone to consult with regarding stock or currency trading.
Newbies who don’t have an inkling about market and forex trading should stay away from this program. You can get access to real time forex signals and market patterns that are income-generating. If you don’t even know what those terms are, then this software is not for you.
If you are a trader who has been trading for some time now, but is still struggling to find your groove, or if you have decided to use tools to boost your trading, this is a program that will make your life easier.
It will help you decide how and when to trade, and make good choices in general. There will be volatile times in the market. But thanks to the program’s algorithm, you will know about this so you can dodge trading during those times.
It checks different currency pairs – including gold and silver – from time to time so that you can find favorable market trends. The program’s algorithms checks for patterns on the charts in different time frames so that novice traders like you can see the winners and losers.
What Will I Get From Forex Trendy?
Apart from getting full 24/7 access to the program and an easy to understand user interface, you also get:
- Charts for 34 currency pairs – all in real time
- Complete analysis of currency pairs and market trends
- Triangles or flags for the 34 trade pairs
- Email or phone alerts so you are constantly updated
What Are the Advantages and Disadvantages?
These will help you decide whether to join this program. Let us start with the pros.
- Charts are easy to follow and understand, and not an eyesore
- Money-back guarantee from Clickbank
- Works with different trading platforms
- Monitors 34 currency pairs in many time frames
- Helps you identify market trends so you can avert loss
- Good for those who are starting out with Forex but with knowledge or someone to consult to
- Offers extra help to help traders decide when to trade
- No live support
- Not web-based, needs software installed
- Requires reliable internet connection to work
- Not for the absolute beginners as this does not teach you the basics
First off, it is of utmost importance that you learn a thing or two (or even more) about Forex trading. You need to know and master the trends. Not doing so will result in huge losses that will be difficult to recover from. Even if you have profited from other good trades, your loss will still offset that.
If you want to study, you can make use of the eBook in the members only part of the Forex Trendy website. That eBook will reveal the different trends and patterns, and talk about their other offerings such as email support and personal trade alerts.
This little information is the only “education” that you will be getting from this program. The program will NOT focus on teaching you the basics, but will help you figure out the markets.
If you want to try Forex Trendy, make sure that you study first. This will give you a head start if and when you decide to join the program. You’ll see, it will be much easier to follow the patterns and trends if you already have a little know-how.
I honestly found the chart analysis to be fascinating. Firstly, because it analyzes 34 currency pairs across 9 possible time frames. You can’t do this manually really fast. Plus, everything is in real time so I can trade at dawn if I want to.
The program examines more than 300 charts to deliver the best results for you. This means that they are feeding you with comprehensive data so that you will know when to trade. You will be notified via phone or email of any updates so you can decide what to do next.
I also find the interface to be engaging. I like the way they show the patterns, and display the patterns with other different charts that are being analyzed. When you receive your trade alerts, a chart will also be sent to you so you get a visual representation of the possible profits.
The charts sent to you display the patterns or trends that the algorithm has spotted. This is very useful for traders who are continuously learning about Forex trading because you will understand more about your trade.
What I don’t like about Forex Trendy is their customer service. They assure you of a response time in 6 hours. That is too long for me. There is also no way to get hold of someone via phone, which is a bit disappointing. But they do answer emails promptly.
I prefer fast answers so I think it is better if they also have someone who can cater to your questions in real time.
All in all, I think Forex Trendy is a great program. It suits people who don’t have spare time for researching markets and trends.
With the program’s algorithm, you will be directed when to trade, and know the market trends in real time. Those who are unsure of what to do, or how to navigate the market safely will be confident in their decisions through the program’s guidance.
Forex Trendy is a great financial tool. You can check it out here.
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If you want to make money online and you are a newbie to Forex, then better stay away from Forex Trendy. Check out how to make money with Wealthy Affiliate instead.