Forex Charts


DEFINITION of 'Forex Charts'

A charting package that allows a trader to view historical currency exchange rates. Currency charts are provided within forex charting software, which usually comes free of charge when a trading account is opened with a forex broker. As with charts used for trading other securities, like stocks or futures, they are used primarily by the technical analyst, or chartist.

BREAKING DOWN 'Forex Charts'

Which forex charting software provides the best charts of foreign currencies? Because the software from each forex broker is so different, the answer is very personal.

Most forex brokers allow you to open a demo account prior to funding a full account or mini account. Be sure to try out each broker's charting software during their trial periods to help you better decide which broker is the best for you.

  1. Cable

    Slang used among forex traders referring to the exchange rate ...
  2. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  3. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  4. USD

    In currencies, this is the abbreviation for the U.S. dollar. ...
  5. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
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