If you are a trader, you must keep observing the currency movements. You should know that it is vital to being a wonder trader. There are various software’s and applications are available from a lot of companies for Forex charts with various functions. Almost 80% of broker houses have their own trading charting software, and these are armed with various trading opportunities such as research, function analysis, stock screening.
We know, there are two types of trading analysis required while we go for trade (Forex fundamental analysis and Forex Technical analysis). A trader can do this analysis by taking help from these modern trading chart software. Let’s discuss some best forex trading chart software.
There are two types of versions available from software companies, 1. A free version, 2.Semi Free-version. 3. Premium version.
The free version is available for everyone. Anyone can use it for free. A semi-free version can use by everyone within a circle. If you don't go for the premium you will not able to use all of the features of a semi-free version. And there are the most advanced tools are available which are the only premium. You have to pay to use these tools. Here we will discuss some free and premium tools.
There are a lot of stock trading software applications available but MetaStock is one of the best tools ever. This tool offering you almost 300 or more technical indicators. Including, Integrated news, fundamental data with filtering criteria and screening, built-in drawing tools like Fibonacci retracement to complement technical indicators, global markets coverage diagonally multiple assets such as Commodities, Forex, Futures derivatives, and equities.
One of the most popular trading tools is eSignal. This tool is much popular for the trade management interface. Also, it is good in fundamental figures coverage. The tool allows customizing the stock charts. The tool also offering you research capabilities, it has different features and it is depending on your choice. You will get access to global coverage across multiple asset classes, including bonds, funds, stocks, forex, and derivatives through the eSignal tool. And the most important thing is it has a modern technical indicator, which will help you to find out the most important points in trading.
Day by day NinjaTrader is upgrading their tools and getting more popularity. The tool available on the market with a free and premium version. The tool used for research and trading platforms. The tool is designed with end to end solution from order to execution with easily customized development options. It has almost 1000 apps and add-on products. A trader will get 100+ research, charting, and fundamental analysis tools asset by using the NinjaTrader. The tool is free for advanced backtesting, charting, and simulation.
INO MarketClub also a modern trading chart tool for traders. It is also designed with an advanced technical indicator, quantitative analysis, and trend lines. It is specially used for ETF-s and precious metal trading. But also they are providing access to stocks trading and futures markets analysis opportunity.
VectorVest is a different trading tool than all other tools. It covers different geographic regions (for the U.S, UK, Singapore, Hongkong, India, European Union, South Africa, and Australia). This tool is a transcontinental crowd in trading. VectorVest is programmed for offering comprehensive coverage for common technical indicators and major stock trading. You will be glad to know that, they are also providing real-time filtering opportunities. Above all, it is also one of the most important tools for traders.
TradingView is almost new in the market. TradingView is providing also the most advanced forex analysis tools. You don't need to download the app to get access to stock and currency trading charts. You will be able to access these online. It has a wide range of trading indicators which makes you an easy analysis. And the different thing is; it is providing access to a trader to discuss the market.
This tool is a web-based forex trading tool. The tool is programmed as an auto-psyching engine, which will ensure that your analysis is not for your trading losses. Traders can access this tool from their smartphone and also from their personal computers. There is a special feature of SmartTrader;
Smart Fibonacci: This feature will enable a trader to find automatically support resistance points. A trader doesn't need to make a proper analysis to find it from the SmartTrader. It is specially designed for inexperienced traders. For those traders, who doesn't have enough eligibility for analysis?
MetaQouts is a company that is a monster in developing the most advanced trading tools. This company already built the most advanced trading platforms. Meta Trader 4 and MT5 both trading platforms are developed by the MetaQuots. They already prove themselves how advance they are. We discussed popular trading tools. These tools are providing amazing trading services, but almost all of these opportunities we can be got from the MetaQuots.
It is using as the most popular, reliable, user-friendly, Faithfull trading platform. Nowadays, almost 90% of brokerages are operating their trading services through MT4 and MT5 platforms. A good trader will never deny this platform. In this platform, a trader getting all of the trading services in a box. These two platforms are providing access to all of the trading equipment including Strategy Tester, Economic Calendar, Email System, Timeframes, Graphical Objects, Technical Indicators, Hedging, Netting, Pending Order Types, Order Fill Policy, and so many other things. You can customize your app including adding your own indicators or trading style. There two types of software available from the company, It can be used from a smartphone, and the Web trader version is for all computer users. And the surprises are; this tool is fully free for traders.
Users can download this software from Google play store, Apple stores, and web trader is available on the web for PC users. There is no additional charge or fee for using this tool. This incredible software using by almost 95% of traders. You are also welcome in trading on this platform.