Free FOREX Charts
Free Forex Charts are hard to get hold of, unless you sign up for a demo account. But then they usually only last for 30 days. I have looked at all the free chart alternatives out there and the only one that is useful are the Dukascopy charts. The only drawback is that the do not update in real time - you have to refresh the chart to display new bars.Here is how they work: - The first chart defaults to EURUSD, second to GBPUSD, third to USDCHF and the forth to USDJPY, 1 hour bars, 100 bars.
- Moving your cursor on to the chart brings up two buttons in the top-right corner of the chart - Detach and Options.
- Detach opens a new window for the chart so that you can resize it to your taste.
- Options opens a small new window with chart options
The Options are as follows: - Currency Pair
- Bar Frequency
- Number of bars on the chart
- Chart Types
- Osc - Add an Oscillator, opens list box of oscillators
- Values - Shows values on axes
- Rfi - Remove weekends and holidays
The available oscillators are: - Volume
- MACD, use 13, 26, 6
- RSI, use 14
- Stochastic, use 14
- Slow Stochastic, use 14
- Momentum, use 9
- UOS (Ultimate), use 7, 14, 28
- CCI, use 14
- Simple, use 3, 10
- ADX, use 14
- MA, use 20
Be patient, because the charts are slow to refresh. Also they don't automatically update when you have selected an oscillator. Now when you know how to use the charts I will show you how to take advantage of the information presented to you from the chart and indicators. I have setup four charts so that you can compare easily. See the charts below:
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