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Scammers will sometimes offer you software for free, then require you to sign up with a certain broker.NinjaTrader 8. ThinkTrader. Forex Tester's data service allows you to download data from multiple brokers, right in the software. That alone is a huge time saver because you don't have to search for third party data, then store it on your computer.Another type of arbitrage forex software utilised in arbitrage trading is automated trading software. This type of arbitrage Forex software is loaded directly onto a trader's brokerage trading platform, such as MetaTrader 4 (MT4), for example. Whenever the Forex arbitrage trading software indicates an arbitrage opportunity, it will immediately ...In this article, we will explore five of the best free forex software tools that are specifically designed for beginners. 1. 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As lined out in the Tradervue review, the trading journal is compatible with more than 80 brokers and platforms.TOP free Forex trading simulators 2023: RoboForex - best simulator for MT4. IC Markets - best simulator for ECN accounts. XM - best simulator for beginners. Exness - best Cent account simulator. eToro - best copy trading simulator. Tickmill - best simulator for comfortable training.Best practice Forex signal copying. Easy setup. Free Demo. 30-day money-back guarantee. MT4® + MT5® = both platforms supported. Get your Forex Copier Now!Visit Now. 5. Excel. . Microsoft Excel is actually one of the best tools for backtesting the forex markets. This will require you to manually backtest on another platform but by logging your backtest results in a spreadsheet, you’ll be quickly able to make adjustments and see patterns in your trading performance. 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