Finviz, short for Financial Visualizations, is a stock market and forex screener that provides traders and investors with a comprehensive platform for visualizing and analyzing financial data. The platform is user-friendly, intuitive, and packed with a vast array of features that make it a valuable tool for traders and investors. In this article, we will discuss how to use Finviz Forex to maximize your trading success.
What is Finviz Forex?
Finviz Forex is a section of the Finviz platform that allows traders and investors to analyze and track the performance of forex currency pairs. The platform provides real-time data on currency exchange rates, economic indicators, and news affecting the forex market. Finviz Forex is an excellent tool for traders who want to stay informed and make informed trading decisions based on market trends and news.
How to Use Finviz Forex?
Using Finviz Forex is easy and straightforward. Here are the steps to follow:
1. Sign up for a free account: The first step is to sign up for a free Finviz account. The registration process is simple and takes only a few minutes. Once you have registered, you can access Finviz Forex and other features of the platform.
2. Select the Forex tab: Once you are logged in, click on the Forex tab on the top menu to access the forex section of the platform. This will take you to the forex screener, where you can start analyzing currency pairs.
3. Customize your screen: The forex screener is highly customizable, allowing you to filter forex pairs based on your preferred criteria. You can filter by market capitalization, price, volatility, sector, and many other criteria. You can also save your settings for future use.
4. Analyze Forex pairs: Once you have customized your screen, you can start analyzing forex pairs. The platform provides real-time data on currency exchange rates, economic indicators, and news affecting the forex market. You can use this data to make informed trading decisions.
5. Create Watchlists: Finviz Forex allows you to create watchlists of your favorite forex pairs. Watchlists help you to keep track of your preferred pairs and monitor their performance over time.
6. Use Charts: Finviz Forex provides a range of charts that allow you to visualize the performance of currency pairs over time. You can use these charts to identify trends and patterns that can help you make informed trading decisions.
7. Stay informed: Finviz Forex provides real-time news and economic data that can affect the forex market. Stay informed by reading the news section and monitoring economic indicators.
Finviz Forex is an excellent tool for traders and investors who want to stay informed and make informed trading decisions based on market trends and news. The platform is highly customizable, allowing you to filter forex pairs based on your preferred criteria. You can also create watchlists, use charts, and monitor real-time news and economic data. By following these steps, you can maximize your trading success using Finviz Forex.