Recently, I signed up to Forex Trendy software to check it out to look inside of it and see the effectiveness of this trading software. So at the first, you have to know that I’m trading Forex since 2009 and I am looking at this system from a Forex trader standpoint, not a marketer standpoint.
I am trading Forex using pure price action techniques. But, after by accident, I found a thread about This tool, so I decided to test it myself and this is a real review of it.
First off the name “trendy” should give it away it’s about finding trends. Now there are three different types of trends right there:
Getting Forex Trendy Member Login Info
After purchasing Forex trendy software, you will get your login info (Username and password) by email automatically, and then you have to enter these login details into your member area.
When you obtain the Forex Trendy subscription, you will receive information on popular forex pairs out there in the industry. The information will be presented in the form of live charts along with multiple time frames to make life easy for you. The application features an automated chart analysis tool that can identify wedges, trend lines, triangles and flags that are related to 34 different forex pairs. You can receive both audible and email alerts, which will assist you to keep the peace of mind. Moreover, you can have a quick overview of the available forex pairs and their trends.
All the people who obtain the Forex Trend subscription will receive comprehensive access to the member’s area. The member’s area will offer you the ability to enjoy the best currency moves along with 9 different time frames. You can easily customize the currency pairs that you prefer to trade and analyze them in detail via the member’s area. The visualized trading interface is clean and simple. You will not find any issues when navigating through this interface. Last but not least, you will receive a free 30 page details eBook that is written on chart analysis. It will act as a complete guide on how to analyze forex charts.
At member area there are two sections:
In Trends section you will see a lot of Forex pairs including: EUR/USD, USD/CHF, USD/JPY, GBP/USD, AUD/USD, USD/CAD, EUR/GBP, EUR/CHF, EUR/JPY, CAD/JPY, GBP/CHF, EUR/CAD, EUR/AUD, USD/SGD, VHF/JPY, EUR/NZD, AUD/JPY, AUD/NZD, AUD/CAD, AUD/CHF, CAD/CHF, CAD/JPY, NZD/USD, NZD/JPY, USD/DKK, USD/NOK, USD/SEK, USD/HKD, SGD/JPY, GBP/CAD, GBP/AUD, GBP/NZD, EUR/TRY and USD/TRY. Also Gold, Silver, and Oil. You can select any of the currency pairs you’re going to trade.
Also, there are different time frames as well which is good for Forex trader. You can select the time frame/s from a minute chart all the way up to the monthly chart, so it’s good software for an intraday trader and swing trader.
This is an extremely handy because if you’ve been trading you’ve seen the market recently been a lot of choppy a lot of back-and-forths so having something like Forex trendy to scan all these different pairs for you as well as gold, silver, and oil I think that’s extremely handy and it’s actually really great.
Now let’s be honest forex trendy is not a trading system by itself, it’s going to tell you where the trends are located and you will find your own way to trading it.
This is a great section for Forex traders also, you will get the automatically recognized trading chart patterns and pattern name on the chart with at least two touching baselines (More touching base line= more accurate).
Emerging patterns and the history of completed patterns, you can be trading depending on these patterns and you can get some really great trades you just set the pattern field by checking the box near (Alert when the newly completed pattern appears) and click save. So when a new pattern is confirmed you will be audibly notified below the chart, then you open your order.
Emerging patterns are patterns that are set up they haven’t fired off yet so you can actually bring up your chart whatever-it-is Ninja Trader or Metatrader.