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Sunday, January 16, 2011

Free Forex Charts

I’ve gotten many questions about forex charts over the past few weeks. Although most online forex brokers provide charts with an online forex trading account, you don’t need a trading account to get a good basic chart.
In the LIVE Forex Training, I’ve used the free forex charts at dailyfx.com because they provide the tools I need. It’s 100% free, you don’t even need to signup, so you can access live forex charts from any web browser.

Basic Forex Chart Features

Any forex chart that I can use for online forex trading has to have the following features:
  1. Must be able to draw sloped & horizontal trendlines
  2. Must be able to draw fibonacci retracements
  3. Must have 1-min, 5-min, 15-min, 30-min, 1-hr, 4-hr, & daily timeframes
  4. Must have all the currency pairs I trade
If a forex chart has those features, I have enough to go Forex Sailing, Forex Surfing & Forex Swimming.
Most forex chart platforms have these basic features, and each one offers something unique. These are the basics that are needed, and the free forex charts provide the essentials.

How to Use the Free Forex Charts

I’ve created a 5 minute video below to show you how to use the essential features of the free forex charts at dailyfx.com. These charts actually provide more features than what I’ve shown, but I walk you through all the stuff you need for rapid forex style trading.


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