Ideally, most of your trading chart analysis should be performed on your trading platform, especially if you are a day trader. To choose a piece of charting software, it is vital to understand what your requirements are. Rather, we are looking for the most fitting charting software. It should be understood that we are not looking for the best one. What is the best forex charting software? It is difficult to say what the best charting software for forex is, as it depends entirely on individual styles and needs.

How to Choose Your Software for Charts - What is the best forex charting software? In this case, you can use an alternative forex graph that displays the trading charts as a web application. For example, you might find it difficult to observe the FX prices and charts if you are on a Chromebook and your trading platform is MetaTrader 4. This is where forex graphs and trading charts come in handy, as they allow traders to use more advanced software for their analysis.Īnother reason why traders may find FX chart software useful is when their platform is not available on a certain device that they use. There are many Forex brokers out there that can supply you with a platform, but often they will have very limited functionality - where you can only open the orders, modify them, and preview the pricing. In most cases, trading charts are particularly useful for Forex traders when their trading platform does not provide sufficient charting capabilities, analytical tools, or other important features that a trader might find useful. If there is more than one provider for the price feed, the software may either aggregate the prices and display only the average quotes, or they might display the quotes from different providers without any aggregation.įorex graphs enable you to see the price moves, observe the changes in real-time, and use additional tools for further analysis. What is the Best Charting Software for Day Trading?įorex (FX) charting apps collect the feed of prices from one or more sources, plotting the price changes on a chart, as well as providing some additional benefits for traders.How to Choose Your Software for Charts - What is the best forex charting software?.

Free online charting software