Live Forex charts are considered the main ingredients of Forex trading. They help traders to trade directly on the chart, be informed of the current prices of the currencies, as well as have access to the historical data of the prices.
The Essence of Live Forex Charts
Live Forex charts represent the historical behavior of price value of different currency pairs in a graphical form. They display how price action is represented during the given time frame. The price action can be depicted in many ways, including candlestick charts, bar charts and line charts each of which is distinct by its own features.
Live charts provide in depth look at numerous currency pairs, as well as indices, stocks, commodities, precious metals and others. Traders should be able to analyze charts with the help of technical analysis indicators and graphical objects. Through technical analysis traders are able to make right trading decisions and decide when to open or close their positions.
Live Forex Charts Offered by IFC Markets
IFC Markets provides two trading platforms – NetTradeX and MetaTrader 4 which are equipped with technical indicators necessary to analyze the movements of various instruments and forecast future direction of the market. Getting access to the complete market data provided by the charts of IFC Markets you can create your own trading strategies, trade currency pairs, stocks, indices, commodities and precious metals, as well as open long and short positions with favorable conditions.
IFC Markets has also created the widget “Free Live Forex Charts” available for everyone. You can place it on your website and let your visitors follow live quotes of popular currencies in different time frames.
In fact, it is quite complicated for a beginner to understand charts: by continuous practice one can expect to acquire an expertise and fluency in analyzing and understanding them. The language of Forex charts is the language of currency trading and once understanding them, it becomes easy to trade and understand the overall market.
IFC Markets is a leading innovative financial company, offering private and corporate investors wide set of trading and analytical tools. The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, which is available on PC, iOS, Android and Windows Mobile. The company also offers MetaTrader 4 platform available on PC, Mac OS, iOS and Android. You may compare the advantages of both platforms.
