A newbie trader usually has a limited about to begin with. Most of the times he also has a trading bar or budget which he cannot cross. Buying Forex trading software for new trader can be daunting and expensive. Having said that, there are also a few free Forex software programs available, which can help traders with forecasting and trading in the Forex market:
Unlike the commercial software available these software packages do not really have any kind of customer support and are crippled by limited documentation. Since you are new you also face a steep learning curve with the software.
The software will also not have any bug fixes or updates. So you might even get false alerts which might also lead you into financial losses. Always double check the data you get from a free Forex trading software. Since most software will just have the bare basics you might need not install additional software for more functionality. For charts, graphs and forecasting you might need to install separate software for each.
As always, before putting in real money test out the software first to see if the data provided is up-to-date and factual. Also check if the analysis system is accurate as well.