4. Forex charts
Charting is essential for forex traders who use technical analysis to predict future market performance by analyzing previous movements.
By displaying the market performance of a security over time, forex charts help forex traders identify candlestick patterns and analyze various technical indicators. Charts can be used by forex traders to dig into the forex history and identify volatility, as well as compare multiple securities and benchmark performance to indexes, like EUR/USD.
The candlestick charting capabilities of online brokerage firms vary in depth; outside resources include TradingView and StockCharts.com, which both offer several free features as well as upgraded memberships. ChartSchool is offered by StockCharts.com for users who are new to charting.
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