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Summary |
| Forex Charting Options |
| Why Charts Matter |
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The more serious you are about
trading, the more serious you need to be about
charting. For active traders, charts are everything,
as a good forex charting package can offer forex
traders all they need to successfully participate
in the market:
View and save multiple
charts and their layouts
Access a wide range of technical indicators to
gauge direction and momentum
Have programmable alerts notify you of key market
moves
Export data to MS Excel to conduct statistical
analyses
The more seriously
you take trading, the more likely it is that you
will need to incorporate some of the aforementioned
features into your trading analysis. As a result,
a good charting package is a must for traders
serious about participating in the market.
Charts Are Not a
Purchase. They Are An Investment.
Consider it as an
investment to improve your returns in trading
A cost of 18 pips per month -- or even as little
as 3 pips on a 6 lot trade -- is a tiny fraction
of a profitable trade that can be easily recouped
Given that the most sophisticated
and robust charting applications only cost about
$180 per month -- 18 pips on a standard account
-- a purchase of charts should not be viewed as
a purchase, but rather as an investment: the 18 pips you spend per month on a charting package could potentially be recouped by just a single favorable trade that you place based on the analysis you have done via your charts.
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Forex
Charting Options 
