These days, the best Forex charts include a wide variety of additional tools that allow investors to tease even more information out of the numbers than fundamental charting methods can provide.
For example, top-notch software should include:
- Autotrend lines
- Pattern tools
- Back-testing capabilities
- Automated Fibonacci functionality
Premium charting software also gives people the ability to actually execute trades right from their charts, in the manner professional traders use. That means you can view the charts to carefully analyze a currency pair and then click to make a trade without having to jump to another screen.
This quite often increases accuracy as well, because the point in the charts where it makes the most sense to enter a trade or exit one can be very precise, both for the price and the timing. The faster a trader can execute the plan they intend, the better their chances of maximizing profit. The more time it takes to buy or sell, the less likely it becomes that the price a trader is targeting will still be achievable.
The Best Forex Charts Provide the Right Insight
Ready to maximize your results? Make sure you have the best Forex charts for all your analytical and trading needs. If you’re starting out, you want to find superior charting software before you begin trading — and it’s a good idea to use a demo account to get a feel for things, before trading on real money.
Even experienced traders might feel like their charts aren’t providing enough information in an efficient way, or realize that they don’t incorporate the tools that are needed to make trading easy and convenient. In either of those cases, it might be time to search for something new.
SmartTrader offers many of the best charting tools available. Anyone who is just setting out on their Forex trading path, or any trader who want to kick their Forex proficiency to the next level, should consider investing in one of the plans SmartTrader offers. Choices range from the free plan that includes 100-plus indicators to the flagship 360Pro plan that includes on-demand Forex education from Market Traders Institute.