Forex Trendy Review 2023
|By: Jeremy Biberdorf||Dec 26, 2022|
In a nutshell: Forex Trendy is a Forex trading and chart pattern recognition software designed to help forex traders easily identify their next trading opportunity.
With the ability to monitor up to 34 currency pairs over various selectable time frames, Forex Trendy is ideal for traders attempting to navigate through uncertain market periods by analyzing market trends.
Find out the full extent of the platform’s capabilities in the following Forex Trendy review.
|$250 deposit $37 quarterly subscription||Forex Trading Indicator||N/A|
- 90% accuracy (estimated)
- Customizable time frames
- Up to 32 currency pairs
- 60-day money-back guarantee
- No trading capabilities
- No monthly subscription
- $250 deposit required
Compare to Other Investment Platforms:
Fees$250 deposit $37 quarterly subscription
Fees$47 - $97/month
Forex Trendy is best for…
Experienced traders who want a streamlined way to track market movements and market statistics in real time while Forex trading.
Previous generations of traders had to rely on powerful computer software or even manual data analysis to identify market trends, Forex Trendy allows for sophisticated algorithms to be run on any device, thanks to their cloud-based services.
While there is a downloadable Trendy software program available, Forex Trendy can also be accessed via a browser. This platform provides users with forex pair scans, real-time data, email alerts, audible alerts, and various charts from a single interface.
However, Forex Trendy lacks the capability of trading robots. Users will still need to rely on manual trading to complete their trades; Forex Trendy simply provides them with trade recommendations.
What is Forex Trendy?
Forex Trendy is a forex scanning software available via a web browser and a downloadable software solution. It’s designed specifically for Forex trading and helps users identify strong trends (even in choppy markets).
Its automated analysis capabilities allow users to view market trends with live data, select/deselect trending pair options, and view chart patterns by specified time frames.
This platform might not be able to help automate your Forex trading, but it does offer a wide variety of features that will point you in the right direction. Here is a list of the major features it offers:
- Support for 34 currency pairs
- Minute-to-monthly scanning
- Live charts
- Historical data for completed patterns
- Autoanalysis of chart patterns
- Alerts (audible and email)
- Easy-to-use interface
- Selectable forex pairs & time frame options
- “Quick overview”
Pricing & Plans
Unlike many other trading software solutions, Forex Trendy only offers one membership package. We view this as an advantage: the pricing is straightforward and you don’t have to worry over plan differences.
Between the deposit and the quarterly fees, you can expect to spend $398 for your first year using Forex Trendy. After that, your ongoing expenses will be $148 per year.
You will need to pay a one-time deposit of $250 before you can use this trend scanner.
You’ll also be responsible for paying $37 every quarterly period, which averages out to approximately $12.33 per month. Forex Trendy offers a 60-day money-back guarantee to all of its customers.
Although Forex Trendy may be an effective real time Forex scanning and analysis software, it isn’t a one-stop solution. The tool will still need to be used concurrently with your favorite trading platform, as Forex Trendy itself is incapable of making trades.
It’s also important to note that while Forex Trendy claims to be right 90% of the time, this still doesn’t mean that all of its suggestions will be winners. Forex trading newbies may fall into the trap of relying entirely on Forex Trendy for trading suggestions, which could result in some severe losses.
Forex trading itself is inherently risky, and—when trading on the foreign exchange market—the difference between a profitable trade and a losing one often comes down to perfect timing. Unfortunately, experience is the only way you can become an expert in forex trading.
Is Forex Trendy Right for You?
This platform will offer the most value to seasoned traders who understand the ins and outs of the forex market, but lack the time to spend hours conducting research themselves. Using Forex Trendy enables forex traders to optimize their trading strategy based on real-time data and market trends.
We wouldn’t recommend Forex Trendy to beginning investors, as a certain amount of market insight is required to make successful forex trades (even when using the software).
While this tool can’t actually make a forex trade for you, it does provide recommendations based on analytical data. We think this limitation falls in line with the monthly price, which will likely cost less than your monthly brokerage fees.
All in all, Forex Trendy is an excellent option for experienced forex traders who want to maximize their potential returns while minimizing the time required to do so. You can try Forex Trendy for yourself by clicking the link here!