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Sun, 01 Apr 2007 15:41:28 MDT  |  Written by Aboutcurrency   

About Forex Charts


A forex chart is a visualized representation of the price movements between buyers and sellers in the currency market and is a technical trader's primary tool to analyze the market in real-time. The more serious you are about trading, the more serious you need to be about charting. If you want to succeed as a forex technical trader, you simply need charts.

Where do I get charts?

Most forex brokers will offer you free forex charts when you open a forex demo account, or take a look at our forex charts rating section. If you want to subscribe to a professional charting package service, always request a free trial first.

Features that should be included in your forex charting package :

What follows are six important features that should be included when you subscribe to a charting service:


Real Time Quotes: Majors, commodity pairs and most popular currency crosses
( EUR/USD, USD/JPY, USD/CHF, GBP/USD, USD/CAD, AUD/USD NZD/USD, EUR/GBP, EUR/JPY and EUR/CHF).
Technical Indicators: DMI/ADX, Bollinger Bands, MACD, Moving Averages (Simple, Exponential, Weighted), RSI (Relative Strength Index) and Stochastic oscillator.
Type of Charts: Candlestick and bar charts.
Charting Tools: Trends, channels and fibonacci retracement.
Timeframe's: 1 min, 5 min, 15 min, 1 hour, 4 hour, daily and weekly timeframe.
Miscellaneous: Zoom in-out, drawing tools, multiple charts on screen, save/load and customize your charts function.


How does a forex chart look like?

Forex chart example
EUR/USD 1 hour candlestick chart + ADX and MACD technical indicator(chart example).
 
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