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Being the premier resource for all of your forex chart needs, we offer our clients with Forex charts that are very useful for new traders as well as experienced traders.
What is the importance of forex charts?
If you are new to the forex market, forex charts help understand how forex trading works and how to make transactions in a professional manner. On the other hand, if you are an experienced trader, here, you can rediscover some of the very useful information and gain more insight on forex trading. It refreshes and enhances your grasp of the subject.
- Live forex charts: Live forex charts are Java-based live forex charts that offer different currency pairs in different chart types. They also display technical indicators, line tools and different time frames helping forex traders to make online forex transactions.
- Reading forex charts: It is somewhat of a science to learn how to read forex charts because they look complicated at first glance. They have drastically different looks depending on what options you want to use. There are different settings for the display style of forex charts in terms of the price and the time frame. Time frames of forex charts can be anywhere from 1 second to 10 years and the price is displayed as a candlestick, a line, or bar.
There are different types of forex charts that have different display modes for displaying the price such as Japanese candlesticks, lines charts and bar charts. Knowing how to read a chart plays vital role applying technical analysis. Generally, forex charting systems have several technical analysis tools that overlay on the charts.