Wednesday, March 25, 2009

FOREX CHARTS


Most Forex charts available on the Internet are written in Java, thus, you must have Java installed to view the Forex chart. And all Forex charts take time to load, so please be patient. Following are some good Forex chart site either for tracking Forex movement or learning how to read / understand Forex chart.


Chart Studies
Although this is not a Forex site, but the Chart Studies in the site is really useful if you are new into charting.

Forex Charts by HKForex
Click on the currency for the chart.

Forex Charts by Daily FX

Forex Charts by Chart Flow

Forex Charts by CurrencyPro
Excellent Forex chart developed using Flash for better presentation. This Forex chart looks good and easy to use.

Why Forex? Advantages of Forex

Highest Liquidity

There is always buyer and seller in Forex market. The Forex market absorbs trading volumes and per trade size which dwarfs the capacity of any other market. On the simplest level, liquidity is a powerful attraction to any investor as it suggest the freedom to enter or exit the market at any time. Forex traders benefit from the ability to respond to breaking news immediately. There is no other market or investments that you can ever make an exit exactly at the time you wish to.

24 Hour Trading

The Forex market is open 24 hours daily. When Asia market is close, the European market start follows by the USA market and continue by Asia market again the next day. Thus, this allows Forex traders to take positions regardless of the hour and locations.

Profit on Bulls and Bears


"Buy low sell high", this is what every investor knows and practising in whatever market. One of the most exciting advantages of Forex trading is the ability to generate profits whether in the bull or bear condition. In the Forex market, apart form buy low sell high, Forex traders can always sell high and then buy back at lower price to generate profit.

High Leverage


In Forex trading, a small margin deposit can control a much larger total contract value. 200 to 1 leverage enable Forex traders to buy or sell $100,000 worth of currencies with $500 margin deposit. It gives Forex traders the ability to make extraordinary profit.

No Commissions or fees


Trading Forex has much lower transaction costs than other investment products, a very important point for active traders.

Free Resource for Forex Trading


There are lot's of online Forex Brokers offer free Demo accounts for potential Forex traders to practice trading. Just register and start demo trading to get feel on Forex trading. Besides that, there's also tonnes of free Forex news made available online, along with Forex charts and other resources. Just make sure you have browse thought all other pages in this site to learn on the essential Forex websites you have to visit for Forex trading.