Live forex chart.
If you are looking for the best live forex chart services available today, you won't find it at your typical brokerage or bank. Today's technology has advanced the way that these services are offered. In order to be able to trade successfully in the forex market you must have access to live forex chart services. When you are dealing with the forex market, live forex services means having real time quotes and information. With the use of free software and charts you can see your trades and options in a much clearer and detailed manner than if you simply relied on your eyes or the newspaper for such information.
Let's take a look at a couple of examples of how this can be done. One example is with a simple candlestick chart. All live forex charts will have price that runs along a horizontal x axis and time that run along a y-axis. Let's say you are looking at a price range of the EUR/USD and you want to know the high and low points for the currency pair. If you are using a traditional paper trade, then you would be looking at a range of prices and marks that indicate the high and low points for the currency pair.
With a free chart service, you get to view this information in real time. Instead of looking at price and points on a graph, you are able to actually see them in a format that is easy to understand. The next example is with the use of candlesticks. Candlesticks allow the trader to create visually appealing charts and graphs. If you are familiar with the bar chart style, then you will be immediately drawn to the visual appeal of candlesticks.
For the most part, you get to choose from several different candlestick patterns. These include the simple bar pattern, the double bottom, the head and shoulders, and the reverse ticker. This means that you are able to create a variety of patterns and use them to draw visual comparisons between historical data. You can find more information about these candlestick patterns and how to read them on my website.
The next feature that I want to discuss with you is the drawing tools that are available with equivolume. Equivolume has some amazing drawing tools that take full advantage of the full screen mode. By enabling the advanced features in equivolume, you are able to create beautiful looking charts. One cool feature in particular is the ability to draw headers and footers for your charts. This gives you the ability to put important information on the bottom of the chart.
In addition to the header and footer, I also want to discuss the comprehensive historic data analysis. Forex charts offer extensive historic data in the form of rising and falling prices. Unfortunately, it is very difficult to comprehend this data on a basic surface. However, with the comprehensive, historic data analysis, you are able to view these price movements over various time frames. This is an extremely valuable feature that allows you to understand complex forex charts.
Finally, I want to highlight the number of different indicators that you are able to use with equivolume. By leveraging the power of over fifteen indicators, you are able to effectively use a variety of technical indicators to draw charts. I recommend using the following indicators for your financial portfolio: the moving average convergence/Divergence, moving average convergence/ divergence, RSI, MACD, Bollinger Bands, Stochastic, and relative strength index. The vast majority of indicators are based on the same technical analysis techniques that I used to create my free live forex chart software.
In summary, hiking Ashi candlesticks utilize the powerful characteristics of fibreglass, vertical bar, and horizontal line candlesticks to provide comprehensive information about forex trends. They provide heavy resistance and support levels, which provide you a wealth of valuable information regarding market direction. Furthermore, they enable you to easily analyze extensive historic data to understand market trends and technical indicators. Therefore, when looking for a trading platform, I highly recommend equivolume.