Free Forex Chart

When trying to decide between using a free Forex chart or the one provided by your broker for information, there are a few factors that you need to consider. Here are a few things to think about when choosing which type you want to use.

Free Resources

When you are interested in what is going on in the Forex market, you can access information from a number of sources.

free forex chart

In fact, we have live Forex charts right here on the site for your convenience. These charts are provided by a number of different sources. Ours are provided by the broker eToro, which is a well-known broker in the industry.

You can also get access to these charts in a variety of other resources online. You can see what the current market price is for any currency pair with this type of chart.

Broker Charts

Besides using free Forex charting, you can also use foreign exchange charts that are provided by your broker. You can access this type of chart through the trading platform from your broker.

Considerations

When you are deciding which type of chart to use, you need to look at your reasons for accessing the information. If you are casually interested in what is going on in the Forex market, basic free resources would be fine. If you are ready to place a trade in the market, you definitely need to check the chart that is provided by your broker.

Even though you can see what is generally going on in the market regardless of where you look, each broker will have a slightly different price feed. It could vary by 10 or 20 pips depending on the broker. This means that you need to look at the chart coming specifically from your broker so that you know what you're getting into.

Availability

Another factor that could play a role in which type of chart you use is the availability of the chart. If you are away from your home computer, you may not be able to access your trading platform. While some brokers offer web-based trading platforms, others require you to download software. For example, if you are at work, you may only be able to lok at the market through the web instead of on your own trading platform. In that case, you may need to look at a chart other than the one that is provided by your broker.



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