The foreign exchange market, also known as forex, is a decentralized global market where the world’s currencies are traded. It is the largest and most liquid market in the world, with an average daily trading volume of around $6.6 trillion. Forex traders rely on charts to analyze currency pairs and make informed trading decisions. In this article, we will explore the top 10 websites that offer free forex charts and discuss their features and benefits.
1. TradingView:
TradingView is a popular platform among forex traders due to its extensive charting capabilities. It offers a wide range of technical analysis tools, including indicators, drawing tools, and custom indicators. Traders can create and save their own charting templates, as well as share and collaborate with other traders. TradingView’s charts are highly customizable and provide real-time data for multiple currency pairs.
2. Forex.com:
Forex.com is a well-known forex broker that also provides free charting tools. Traders can access various chart types, including line, bar, and candlestick charts. The platform offers a range of technical indicators and drawing tools to analyze the market. Forex.com’s charts are user-friendly and provide real-time data, making it suitable for both beginners and experienced traders.
3. NetDania:
NetDania is a popular forex charting platform that offers real-time data for over 20,000 financial instruments, including currency pairs, stocks, and commodities. Traders can customize their charts with a wide range of technical indicators and drawing tools. NetDania’s charts are highly responsive and can be accessed from desktop, web, and mobile devices.
4. MetaTrader 4 (MT4):
MetaTrader 4 is a widely used forex trading platform that offers comprehensive charting tools. Traders can access various chart types, timeframes, and technical indicators. MT4’s charts provide real-time data and allow traders to analyze multiple currency pairs simultaneously. The platform also supports automated trading through expert advisors (EAs) and custom indicators.
5. MetaTrader 5 (MT5):
MetaTrader 5 is the successor to MT4 and offers advanced charting capabilities. Traders can access a wide range of chart types, including candlestick, bar, and line charts. MT5’s charts provide real-time data and offer multiple timeframes for analysis. The platform also supports automated trading and allows traders to backtest their strategies.
6. Investing.com:
Investing.com is a popular financial website that provides free forex charts. Traders can access a wide range of chart types, including candlestick, bar, and line charts. The platform offers a variety of technical indicators and drawing tools for analysis. Investing.com’s charts provide real-time data and allow traders to set alerts for price levels.
7. Myfxbook:
Myfxbook is a forex community and social trading platform that offers free charting tools. Traders can access a variety of chart types, including candlestick, bar, and line charts. Myfxbook’s charts provide real-time data and allow traders to analyze multiple currency pairs simultaneously. The platform also offers advanced statistics and performance tracking for traders.
8. ForexCharts.net:
ForexCharts.net is a dedicated website that provides free forex charts. Traders can access a variety of chart types, including candlestick, bar, and line charts. The platform offers a range of technical indicators and drawing tools for analysis. ForexCharts.net’s charts provide real-time data and allow traders to customize their charts.
9. FXStreet:
FXStreet is a popular forex news and analysis website that also offers free charting tools. Traders can access a variety of chart types, including candlestick, bar, and line charts. FXStreet’s charts provide real-time data and allow traders to analyze multiple currency pairs simultaneously. The platform also offers economic calendar and market analysis tools.
10. DailyFX:
DailyFX is a forex education and analysis website that provides free charting tools. Traders can access a variety of chart types, including candlestick, bar, and line charts. DailyFX’s charts provide real-time data and allow traders to analyze multiple currency pairs simultaneously. The platform also offers educational resources and market analysis for traders.
In conclusion, there are several websites that offer free forex charts with various features and benefits. Traders can choose the platform that suits their needs and preferences. These free charting tools provide real-time data and a wide range of technical indicators and drawing tools for analysis. Whether you are a beginner or an experienced trader, these websites can assist you in making informed trading decisions in the dynamic forex market.
