{"id":1020559,"date":"2021-01-08T16:26:06","date_gmt":"2021-01-09T00:26:06","guid":{"rendered":"https:\/\/www.tradingheroes.com\/?page_id=1020559"},"modified":"2023-01-31T22:13:40","modified_gmt":"2023-02-01T05:13:40","slug":"best-free-trading-tools","status":"publish","type":"page","link":"https:\/\/www.tradingheroes.com\/resources\/best-free-trading-tools\/","title":{"rendered":"Best Free Trading Tools"},"content":{"rendered":"<p>Here are tools that will help you streamline your trading and market analysis. The best part is that these tools are totally free.<\/p>\n[toc]\n<h2>Maximum Drawdown Prevention Calculator<\/h2>\n<p>A\u00a0<strong>Maximum Drawdown Prevention Calculator<\/strong>\u00a0is one of the most important tools in a Forex trader's toolbox. It allows you to calculate exactly how much to risk per trade, in order to avoid a percentage drawdown that would freak you out.<\/p>\n<div align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/253902511\" width=\"840\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/www.tradingheroes.com\/forex-drawdown-calculator\/\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2e9cca;border-color:#257da2;border-radius:5px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 28px;font-size:21px;line-height:42px;border-color:#6dbada;border-radius:5px;text-shadow:none\"> Use It Now<\/span><\/a><\/div>\n<p>&nbsp;<\/p>\n<h2>Free Guided Trading Meditation<\/h2>\n<p>This mediation will help you calm your mind and get focused before a trading session. Use it frequently for best results.<\/p>\n<p><iframe loading=\"lazy\" width=\"840\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/hqfUpyCLHdM\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h2>MetaTrader 4<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1020561\" src=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/download-14.png\" alt=\"Download MetaTrader 4 for free\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/download-14.png 300w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/download-14-150x150.png 150w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/download-14-50x50.png 50w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p>MetaTrader 4 is one of the most used trading platforms in the world. There are many indicators, scripts and Expert Advisors available on the internet. To see our custom plugins for sale, go here.<\/p>\n<p>Download it and get data for free.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/www.metatrader4.com\/\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2e9cca;border-color:#257da2;border-radius:5px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 28px;font-size:21px;line-height:42px;border-color:#6dbada;border-radius:5px;text-shadow:none\"> Download Now<\/span><\/a><\/div>\n<p>&nbsp;<\/p>\n<h2>MetaTrader 5<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1020562\" src=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/1491231016_logo.png\" alt=\"Download MetaTrader 5 for free\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/1491231016_logo.png 300w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/1491231016_logo-150x150.png 150w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/1491231016_logo-50x50.png 50w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>MetaTrader 5 is not as widely used at MT4, but adoption is increasing as MetaTrader is phasing out MT4. There are many indicators, scripts and Expert Advisors available on the internet. To see our custom plugins for sale, go here.<\/p>\n<p>Download it and get data for free.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/www.metatrader5.com\/\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2e9cca;border-color:#257da2;border-radius:5px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 28px;font-size:21px;line-height:42px;border-color:#6dbada;border-radius:5px;text-shadow:none\"> Download Now<\/span><\/a><\/div>\n<p>&nbsp;<\/p>\n<h2>TradingView Free<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1020564\" src=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/OfQFJqdl_400x400.jpg\" alt=\"Get TradingView free here\" width=\"200\" height=\"200\" srcset=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/OfQFJqdl_400x400.jpg 400w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/OfQFJqdl_400x400-150x150.jpg 150w, https:\/\/www.tradingheroes.com\/wp-content\/uploads\/OfQFJqdl_400x400-50x50.jpg 50w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p>TradingView is my favorite trading\/charting platform, period. See <a href=\"https:\/\/www.tradingheroes.com\/tradingview-review\/\">my complete review here<\/a>.<\/p>\n<p>The paid version is much better than the free version. But if you're just getting started, the free version will allow you to try it out or use it for basic charting.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/www.tradingheroes.com\/tradingview\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#2e9cca;border-color:#257da2;border-radius:5px\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color:#FFFFFF;padding:0px 28px;font-size:21px;line-height:42px;border-color:#6dbada;border-radius:5px;text-shadow:none\"> Sign Up Now<\/span><\/a><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These are the best trading tools that I&#8217;ve ever used. The best part is that they are free. Learn what they are here. <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1637,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1020559","page","type-page","status-publish"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Free Trading Tools - Trading Heroes<\/title>\n<meta name=\"description\" content=\"These are the best trading tools that I&#039;ve ever used. The best part is that they are free. 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