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| Currency Charts |
Whether you are trading the forex currency markets, the stock markets, or the commodities markets you will want to monitor the price movement (often referred to as price action) through some type of charting software program. Virtually all online spread betting companies and online bank forex trading accounts will offer their own charting software programs. The main indictors and oscillators are usually present on even the most basic charting software program.
The most standard oscillators that you should be sure are present when deciding on which are the best online currency charts, are Stochastic, Parabolic SAR and Relative Strength Index (RSI). The most standard indicators that should be present on any decent currency charting programs are Moving Average Convergence-Divergence (MACD), JTPO, Moving Averages, Bollinger Bands, and Oscillator Moving Averages (OsMA).
All these oscillators and indicators are there to assist the trader in making decisions on whether to buy or sell a currency pair. Oscillators range between two extreme readings, at one extreme the oscillator indicates a time to sell and at the other, it indicates a time to buy. Whichever of the many online currency charts a trader decides to use it comes down to personal preference. Be sure to look at the free forex videos for more helpful information in getting started with forex online trading.
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