ForexTrendy Review 2024: A Trendy Forex Scanner for Currency Pairs
In this ForexTrendy review, we’ll delve into the tool’s features, functionality, and potential benefits to help you decide whether or not this platform is a reliable choice. But even at first glance, the company doesn’t look appealing, as their entire website is pushed into one page without much information.
Furthermore, the lack of transparency seems obvious from the start, and even after looking up the name online, the information we found is vague, indicating anonymity. But what is behind this tool and can it really help traders profit? Keep reading and find out and make sure to check out CPT Markets.
A software program called Forex Trendy helps users steer clear of trading when markets are erratic. Choose the combination that is currently trending the best instead. It does not employ indicators; instead, price action alone determines the trend.
34 Forex pairings are swiftly scanned across all time frames, from minute to monthly. You can always access the finest trending pair and time frame with ForexTrendy as it examines all of the charts for you in real time. Because the software operates on powerful computers, the output is available online instantly.
Consequently, there is nothing to download or install, so you can use your preferred trading platform, such as MetaTrader, NinjaTrader, TradeStation, etc. It’s quite simple to use. The program can identify the most trustworthy continuation chart patterns. Every chart on every time frame is scanned, and each possible breakout is examined.
|Financial Authorities Warnings
|If a withdrawal is possible
|If Active on Social Media:
|United States, United Kingdom, Spain, India, South Africa;
|Lack of reviews;
|Great forex scanner;
While tools like this are not required to be regulated, there are still some security measures they can implement to ensure a safe environment. In this situation, that could be protecting your personal information and providing a secure payment gateway.
ClickBank is responsible for handling transactions, processing payments, and managing the distribution of digital products or services on the website. ClickBank is a registered and secure payment provider.
In situations like this, regulation falls onto the brokerage company you want to use, which is why we suggest choosing a regulated broker like Alpha Fx to fully unlock the potential of this scanner. Never trade with brokers who lack a license, transparency, and overall commitment.
With several important features, ForexTrendy seeks to streamline trading and improve traders’ decision-making ability. The lack of large ebooks or complicated software installations is one noteworthy feature.
Without requiring complex software installations or a lot of reading, traders may view real-time charts of the top trending currency pairs and time frames. Here is a breakdown of the features offered by the firm:
- No thick ebooks to read or complex software to install
- Live charts of the best-trending currency pairs and time frames
- Audible alerts, email alerts
- User-friendly interface
- Select/deselect pairs or time frames from the auto analysis, and more options
- Quick overview of the trends on all time frames
- Automated chart analysis – recognizing “Triangles, Flags, Wedges, and Trend Lines” on 34 currency pairs and all time frames
The ForexTrendy affiliate program is also beneficial, as it allows traders to earn commission while referring the platform to others. This can benefit both the company and the trader, as the company is gaining recognition and users, while the trader is compensated for his work.
The free plan is not available so traders are not able to test the scanner before purchasing a subscription. However, the screener is very affordable and for only $37/quarter, you can benefit from live charts of emerging patterns, history of completed patterns, audible alerts, and email alerts.
Additionally, Forex Trendy uses a sophisticated algorithm to consider which trend line or pattern looks better – with more touching points, etc. The chart patterns are definitely something that can be of use to forex traders and the pattern recognition is included with the tool for no extra fee.
Besides a couple of discussions on Quora that led nowhere, we were able to dig out some comments on Forex Peace Army about ForexTrendy. There, the firm is rated almost 4 stars based on 6 comments. One unfavorable review was removed due to being posted by the competition.
The other unfavorable comment we’ve found think their service would be better if it provided recommendations for SL/TP based on the trend drawdown analysis they also provide separately. However, they advertise themselves more as a confirmation service than a signal service.
Payment Options and Process
The payment options on the website allow the use of credit/debit cards like Visa, Mastercard, Discover, AMEX, and PayPal. The payment is done quarterly and there are no refunds, so in case you are not certain this platform is suitable for you, we suggest to avoid subscribing.
The payment is processed over ClickBank, which is a registered trademark of Click Sales Inc., a Delaware corporation located at 1444 S. Entertainment Ave., Suite 410 Boise, ID 83709, USA. ClickBank provides a secure payment gateway and protects your personal information.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
The lack of reviews for this company is alarming, especially considering they were established in 2012. In summary, you should try the ForexTrendy scanner software if you’re looking for software that will notify you by email when there are patterns that could help you profit, however, proceed with caution as this firm lacks transparency.
In light of this, we would like to recommend a powerful AI analysis tool that can boost your profit chances before you even blink. This potent bot has many features, as it can analyze billions of data points quickly, provide insightful recommendations, and elevate your trading skills.
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What is ForexTrendy?
ForexTrendy is a software program designed to help users navigate volatile markets by identifying the best-trending currency pairs without relying on indicators.
How Much Does ForexTrendy Cost?
ForexTrendy offers a subscription at $37/quarter, providing users with live charts, audible alerts, email alerts, and many more.
How to Find the Right Trading Broker?
By prioritizing factors like regulation, transparency, reviews, risk management, and overall trading conditions, there is no way you won’t be able to find the right broker. However, deep research is required before committing and we suggest testing the firm with a demo account.