Forecast Trader is a forex trading system that use complext time trading algorithms that generate the forecasts each week to come up with a probable prediction for future price movement. They posted the FOREX forecast every Friday / Saturday after the market closes.

It claimed to perform the followings so as to let you profit from the trends before they happens
1. Predict Weekly direction with over 80% accuracy
2. Shows the times for major highs & lows
3. Shows the length & amplitude of directional market swings.

Well, unlike other FOREX Site, I love Forecast Trader for their honesty. While the weekly direction is not really 80% accuracy based on the recent volatile market, they does posed the history of their monthly results.

Going to their website and clicking on the months will further shows the weekly details. Thus, I have 90% faith that they are providing a decent FOREX forecast trading software.

And it is pretty obvious that Forecast Trader allows me to have forecasts to 10 major currency pairs including 7 majors and 3 crosses, such as EUR/USD , USD/CAD , EUR/CHF , GBP/USD , AUD/USD , GBP/JPY.

In addition for the more cautious trader, Forecast Trader always place stop losses with recommended trades which is shown each trading instrument in their members area at average SL of 190 pips.

There are four important factors to determine when looking at their forecasts.
- First is the general direction for the week.
- Second is the high and low pivots.
- Third is the amplitude or curve of the line.
- Fourth is the length in time each move up/down is predicted to occur.

Price is not shown on the chart because they do not know what that will be. However, they are able to predict when the market will change direction as well as how long in time a move up or down will be. This is what you need to pay attention to. If using our charts as a stand-alone system, Forecast Traderworks best by taking less trades and only trading the larger swings shown on the chart. This will usually result in holding trades for 2-5 days on average.

I recommend Forecast Trader for another reason which is also a personal favorite of mine. They demonstrate the investment propects of their system using :
1. Cumulative compounding profit calculation based on trading 10 mini lots per $10,000 of account equity. (1 mini lot for each of the 10 Forex pairs).
2. Calculations are based solely on following their exact long/short pivot signals given for each forecast and include reinvesting profits from previous weeks, keeping the same leverage explained above.

Forecast Trader can be pretty pricey at $199.99/ month. However, it does comes with a FREE 5 day trial which can be cancel at any point in time. In addition, they allows monthly subscriptions or quarterly subscriptions which allows saving of $100.

For more value adding, Forecast Trader have provide an automatic trading using MetaTrader trading software and is based on their forecasts as a mechanical trading system. This is complete FREE to the members.

My personal recommendation for better forex trading
“ForeCast Trader Forex Trading”
http://www.forecasttrader.com