Thought stocks were unpredictable? Once you start trading in foreign exchange markets, you begin to see money in a whole new light. The longer you keep an eye on those charts, the more you see how often the value of currency can ebb and flow.
It's exhilarating—and more than a little daunting to new traders. All that liquidity can make you feel like you're drifting down some white water rapids, but here's a tip: If you're not using technology to help you make sense of all this movement, you might as well be rafting without an oar.
That's why savvy Forex traders are turning to apps like Currency Heatwave to help them make sense of it all. The minds behind this brilliant piece of AI understand that foreign exchange markets are all about split-second decisions, and when those moments come up, you don't have time to analyze endless charts. This app distills a ton of relevant, up-to-date info into easy-to-read meters.
The app is easy to set up and sync with all your active markets; right on the home screen, you can see the relative strength or weakness of your currency as a "hot or not" graphic. Delve a little deeper, and you'll find the reasons behind the basic rating—including the volume of the currency, depicted as a thermometer that rises as the amount of trading increases.
You can also get a look at volatility, which can help determine whether to wait out the storm or pull the trigger on a trade before it's too late. There's even a sentiment screen that reflects the leanings of the industry toward that currency as a whole.
It's all wrapped up in a clean presentation that traders can keep open all day—right next to that crucial buy or sell button. PCMag readers can try it out for themselves with a lifetime subscription to the Currency Heatwave Forex Trading App, on sale for $9.99—50% off the $19 MSRP.
Prices subject to change.
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https://www.pcmag.com/deals/this-10-app-is-a-forex-traders-best-friend
2021-05-06 08:58:35Z
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