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Forex Charts

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Free Forex Charts

Free Forex Charts: Are They Worth It?

It’s logical to assume that you can save some money using free forex charts rather than paying for a currency trading charting package. But in this case, logic would not necessarily serve you well.

The majority of free forex charts are good but limited, ensuring that the experienced FX trader will always be willing to pay for the latest, greatest charting software.

That being said, there are some fantastic free forex charts available today.

All Free Forex Charts Are Not Created Equal

Usually the best place to get free forex charts is from forex brokers. Forex brokers have a monetary interest in giving away good FX charts for free because this is how they convince you to trade real money on their platforms.

Look around at various forex brokers and you should have no problem finding good charting packages—so long as you’re ready to open a practice account.

Some features to look for in free forex charts are time frames, ability to print, ability to save layouts, alerts, backtesting, ability to trade off charts, time zone, and indicators.

There are all kinds of indicators that traders rely on to make trading decisions, including Accelerator Oscillator, Accumulation/Distribution, Average Directional Movement Index, ATR, Bears Power, Bulls Power, Bollinger Bands, CCI, DeMarker, Envelopes, Force Index, Fractals, Gator Oscillator, Ichimoku Kinky Hyo, MACD, Market Facilitation Index, Momentum, Money Flow Index, Moving Average, Parabolic SAR—

You get the idea, the list goes on and on. Obviously if you rely on a particular indicator, you will want to seek out free forex charts that offer that particular indicator.

Some chart packages will come with lots of bells and whistles and others will not.  Few free forex charts come with everything included.

The Best Free Forex Charts

You can find free forex charts through FinanceChart, Prophet.net, FXtrek, Stratagem, ChartStation, Prosticks, ProRealTime, and Metatrader, among other options.

The best free forex charts go beyond the basics to give you information actually impacts your trading abilities. For example, the ability to print charts, save your layouts, alerts when currency pairs are hitting critical points, and backtesting.

Another really cool feature that is starting to become available in free forex charting software is the ability to trade directly from charts. If you haven’t traded directly from charts, you might be surprised by how much you like it.

One website that has consistently impressed us with its dedication to providing quality free FX charts is DailyFX.com. This website does a nice job of not only presenting charts, but providing commentary about chart formations and technical trading strategies.

This kind of “in context” charting can help a beginning trader get a feel for how to read charts, instead of just staring at them.

Free Forex Charts Are All About Priorities

The first thing you need to do, when you’re looking for the best free forex charts, is decide what you want to get out of your charting experience. We’ve got to be honest with you that very few free forex charts will give you everything you want, so you really have to identify a few key priorities.

If you are new to forex trading and don’t exactly know what you want, start by searching for what’s available and then make a list of which charting features make the most difference to you.

You’ll quickly develop a taste for which free forex charts are useful to you and which aren’t.

Important Forex Information

The most important step in currency trading is finding the right broker; our forex experts can help. See our
reviews of forex brokers for more information.  

It’s logical to assume that you can save some money using free forex charts rather than paying for a currency trading charting package. Find out the best free forex charts.  

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The obscure and esoteric terminology can be the most daunting part of learning to use forex charts. Read all about forex chart terminology.