Live forex and CFD charts

Advanced live charts for forex trading are free and easy-to-use at managedfxaccount.com. This real-time charting widget let you apply technical analysis to hundreds of Forex and CFD market instruments with candle, line, and bar charts. With its intuitive interface and a range of available languages, the widget is easy to use for both beginners and traders who look to perform advanced analysis with drawing tools, technical indicators, and economic calendar events. The widget uses real-time and historical quotes, with data frequency ranging from ticks to months. Important: CFD data feed is displayed with delay.

The forex trading chart is a visual aid that makes the recognition of trends, and patterns in general easier. Charts are categorized according to the way price action is depicted as well as the time frame of the period being examined. Imagine that we have a 4-hourly candlestick chart of the EURUSD pair. This means that each candlestick on the graph presents the price data of a four-hour long period in a compact form. What happens inside that time period is irrelevant. If we had chosen an hourly chart, each candlestick on the chart above would be replaced by four different candlesticks.

There are many ways of depicting the price action on a forex trading chart. Bar charts, candlestick charts, line forex trading charts are a few of the many options available, with each offering its own advantages in some aspect of analysis and utility. But they all do the same thing: they plot the prices of a day (or some mathematical manipulation of the price data) to the time series on the horizontal axis which is then used by traders to evaluate and understand the market action for the purpose of making a profit.

Since currencies are traded in pairs, it's impractical and not very useful to draw a pure USD currency chart. Instead we have the option of drawing (or rather having the software plot for us) a chart of the USDJPY pair, or the AUDUSD pair, since it is only possible to quote a currency in terms of another. On the other hand, there are some forex charts that take weighted average of such currency pairs to derive an overall index for a currency. The famous USD index, is a good example.