ForexSmartTools.com Review

4.653 • 41 REVIEWS
Out of business
Updated: Sep 19, 2023
Website is down. Company seems to be out of business.
ForexSmartTools.com
Out of business
4.653 • 41 REVIEWS

Recent User Reviews of ForexSmartTools.com

F
forexpreneur
Oregon, USA,
Jun 13, 2022,
Registered user

Took away product that people purchased

Service use: Other Length of use: over 1 Year
I used to think very highly of this program, HOWEVER, the owners apparently are "disillusioned" with currency trading and have closed the company. But they took it a step further and now they made the program unusable for those who've purchased the product and you have to essently beg them to give you an update so you can continue to use the product you paid for.

There website states, "Licensing will be disabled in 2023 - contact us directly before then to get your private link to a version which will work beyond that deadline."

I wrote two weeks ago asking for an update so I can continue to use the product I purchased, to no avail.

That is a very poor way to do business and very petty.
C
Cameron
Manchester, United Kingdom,
May 23, 2020,
Registered user

The Perfect Journaling Companion

Service use: Live Length of use: 0-3 Months
In a world of such greed and selfishness, i found my experience with Mindy, at ForexSmartTools, a very unique one. her friendliness and warmth radiates form her. Customer Support is spot on. the new help/support module they have released is extremely helpful.....oh....did i mention the software.........the perfect companion if you journal.....and other things. i just use the journaling......
C
Charlie
Brisbane, Australia,
Apr 12, 2020,
Guest

Fantastic Software, A++ Support

Service use: Other Length of use: over 1 Year
I first trialed this software a couple years ago and because I am a mac user, I eventually tried to find another journal that was native to the mac. Unfortunately I was never able to find one that suited my preferences.

I know use the forex smart tools exclusively for keeping track of my trades, and the calculator for managing my trades.

This is a great piece of software with an unlimited ability to add customized metrics that provides you with statistics you would not normally find in other journal software.

There is also an SDK that allows you to develop or have developed a custom broker import function.

I would have liked to see more reporting charts available, however you can export your trades to a csv file that can then be imported into a charting application such as a spreadsheet.

If you own Forex Tester, this is the perfect compliment to it, it has built-in functionality that will help you keep track of your sim trading.

Highly recommended.
E
Einar
Reykjavik, Iceland,
Feb 8, 2016,
Guest

Trade Journal is a must for any serious trader. Trade log lets you to that with some great features that you can customize in almost anyway you want.

Calculator is also great as you can learn to manipulate risk management in your favor. I could and would not trade without it now.

It is expensive but I do believe it will pay for itself with trading profits if you learn to use it correctly.
E
Edward Lee
Batu Pahat, Johor, Malaysia,
Mar 2, 2014,
Guest

These tools are for those serious to earn a living via Forex.

I am thankful to Peter Thorpe (the owner of www.forextrendman.com) as he recommend these as a truly sound advice.

I purchase the Professional Pack (comprised of 3 software: Forex Calculator / Trade Log / Forex Tester). Have I regretted? No. I am not. Instead, I think I should have it earlier. Why?

(1) The inventor, Mindy and Evelyn, are practicing forex trader. They understand what are expected from us.

(2) Justify my forex strategy before dump in real money. Here is not teaching us a strategy but how to verify its effectiveness. These tools and its back up service act like my trading partner, teaching me useful stuff (other than a strategy) of being a real trader, teach me what is right and wrong.
(3) It saves me much time in trading. One useful staff is ‘RECORDING YOUR TRADE’. With the help of these, I spend much lesser time in journalize my trades and ‘Learn from my mistakes’ become more simplified and effective. (In their article ‘Who is the best forex teacher?’ It is best I look for a trading partner. If I can’t, like most forex traders, I have to at least journalize my trade and be my own teacher).
(4) It comes with valuable articles sharing independent view. They are Gold to me.
(5) It makes me believe forex success is not a mission impossible. The disaster in this industry is we have too much information about forex. Many are scam. I have friends who have spent years in study forex but end up cursing it because forex kept making him losing money.
(6) The tutorials taught in ‘Forex Tester 2’ are more detailed and comprehensive than the original inventor.

If I knew these last two years, I believe my forex journey would have much easier.


I am honest on this. And those who needs third party reference can reach me at woo_lee2002@yahoo.com

Thanks Mindy & Evelyn for your hard work.
Edward Lee
Malaysia
P
PAULA
SYDNEY, Australia,
Feb 9, 2014,
Guest

I Lrrve Being A Smart Trader With My Forex Smart Tools :)
I enjoy spending time on weekends to analyse the previous weeks/months trades. For Me, The Trade Log Is My Personal Accountability Manager & Functions As A 'Mirror' To My Trading Performance.
The Trade Log is a Must Have Trader 'Mirror' that reflects objectively my Trade results. From this 'Mirror' the Big W's of Why, What, When, Where of my Trading Actions are Revealed in great detail.
Knowledge Means More Than Power To A Trader, Knowledge Is The Key To Realise The Successful & Profitable Trader That Lives Inside Each & Every Trader.
A Must Have Product For All Serious Traders!
B
Bobby
NYC, USA,
Jul 27, 2013,
Guest

I feared it might be just a glorified spread sheet, though still an upgrade to the note books I was using.
My fears were happily completely misplaced.
It is awesome.
It's a database!
I can easily record my trades and mine them for weaknesses and improvements.
There's no doubt this will be the industry standard for serious retail forex traders.
M
Mel Spencer
San Diego, CA, USA,
Feb 23, 2013,
Guest

From my very first lesson about Forex trading a trade log was listed as critical. But they are extremely labor intensive to keep by hand. Although I have only used ForexTradeLog and Calculator for a short period of time, it has already improved my thinking about trades. Now, what is important is the result of each technique that I use. Trade log makes it easier to keep track precisely what the result of each technique is. I am still ramping up my usage, but I won't be trading without it.

This is a well thought out product. The extras on the web page are great. Definitely worth the cost!
R
Richard Scarbrough
Florida, USA,
Feb 13, 2013,
Guest

People say the success to any business venture is to "find a need and fill it." Without a doubt ForexSmartTools has found the need and filled it. Every successful trader knows you have to document your trades and review them to keep from repeating your mistakes. The added functionality of being able to statistically review a complete trading plan from top to bottom is just icing on the cake. Drilling down in data to pinpoint when your trades are executing at their optimum point is quite frankly worth it's weight in gold. Having a place to record almost any piece of data is priceless. Use the TradeLog like you're supposed to and you will come to one of two conclusions. Either your system is working or it isn't. Keep trading a system that isn't working and count on seeing your trading account disappear. If you're just poking around and fiddling at this 'business'; just keep on truckin. If you're SERIOUSLY considering forex trading as a business and a lifestyle you owe it to yourself to consider ForexSmartTools' TradeLog and it's sister program the Calculator as part of your business toolbox.
A
Andrew Westcott
, United Kingdom,
Nov 13, 2012,
Guest

I can only say that signing up for this software has been the best thing I have ever done in my Forex career so far.

I have learned through the very informative videos the importance of money management.

I have learned a very simple technique that can MASSIVELY improve the returns on my trading.

I've learned how to use the Forex Tester properly, even though it's not a Forex smart Tools Product.

The list goes on and on and I haven't even mentioned the Trade log & Calculator, which are fantastic tools.

And the customer support truly is SUPPORT.

Thank you.