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.

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