Free Forex Chart

Real time forex charts are useful for forex traders to research and determine the market trends before participating in any trades. With the widespread use and popularity of the internet today, market research is no longer confined to large financial and investment fxopeninstitutions and it is possible for anyone with a computer and internet connection to access real time forex charts in the comfort of their home. In fact, you don’t even have to pay for it. If you know where to look, you will be able to make use of a free forex chart anytime you want. The charts are normally in candlestick or line and bar graph format and are usually available in the following timescales: 1 min, 5 mins, 30 mins, hourly, 4 hourly, daily, weekly and monthly.

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Real time forex charts are sometimes heavily used in conjunction with technical indicators such as Stochastics, MACD, Bollinger Bands, Parabolic SAR, etc to determine the best time to enter and exit a trade. While some traders rely entirely on technical indicators, others make use of a combination of fundamental and technical analysis. There are also other forex trading strategies such as the trading price action strategy that relies purely on the price action on the chart with minimal or no other technical indicators required. Of course, there are strategies that do not require spending too much time looking at real time forex charts, such as trading the news, etc.

How do I go about getting a free forex chart?

The answer is not as complex as you might think. To get a free forex chart, simply sign up for a forex demo account with any good online forex broker. It’s free! Because of the nature of online forex trading, you’ll be given an account to log in to an online forex trading platform. The purpose of the platform is for you to buy and sell currency pairs online, without needing to contact a physical broker. However, most good brokers today incorporate charting features into their online forex trading platform to give you an all in one solution for research and transactions. The free forex chart available in your demo account is exactly the same as if you sign up for a live account, so no deposit and initial capital is required. The best part about this is that most good brokers such as FXOpen allow you to sign up and use a forex demo account instantly without needing to send them any authentication details.

You can also use the same method to get a free forex chart that is installed locally on your computer. Simply sign up for a forex demo account with a good broker, but this time choose one that supports the MetaTrader 4 (MT4) platform. This not only gives you access to free real time forex charts on your local desktop, but you’ll also have the option to install expert advisors to your MT4 platform to help you research potential trades or even trade for you automatically!

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Here's a brief description of what you'll discover in my Free 6 Part Forex Mini Course...forex 6 part mini-course cover

  • Part 1: What is the Foreign Exchange Market, Basics of Forex Trading, How Do you Calculate Profit and Loss, etc 
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  • Part 3: Fundamental Analysis, The Best Time to Trade and The Worst Day of the Week to Trade (no, it isn't the weekends!) 
  • Part 4: 2 Commonly Used Technical Analysis Strategies 
  • Part 5: Understanding Charts, Gaps and 4 Trend Reversal Patterns 
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