Free FX Charting Software? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Asking for free online charting software 2 replies

Free Charting Software? 6 replies

Is Free Charting Package the Real Deal? Software Reviews here 17 replies

Free Charting Software on GMT TimeZone 3 replies

FREE charting software to incorporate in website 6 replies

Free FX Charting Software?

  • #1
  • First Post: Dec 29, 2007 1:27pm Dec 29, 2007 1:27pm
Hi!

I want to open an account with EFX Group or Hotspot FX. Both are ECN brokers, but, as such, they don't offer any charting software or platform.

Since I really don't want to spend a fortune for a charting software, I wonder, if there is a free FX charting software available? Something like stockcharts.com for stocks. All I would need are 1h, 4h and 1d timeframes, candlesticks, fibonacci retracements and a trend line tool. That's more or less it.

If no free service exists, I would be willing to pay up to $200/year for a software, but not much more than that. I can't really afford it. I want to deposit $8.000 and use small leverage (20:1) just to get a feel for the markets and everything.

I would very much appreciate some suggestions what to do. Thanks!
  • #2
  • Dec 29, 2007 1:38pm Dec 29, 2007 1:38pm
I believe one of the MT4 brokers offers a demo that doesn't expire. I can't remember which one but it has been posted on this forum. Or you could open a tiny account with IBFX or one of the brokers that offer low minimums.
  • #3
  • Dec 29, 2007 1:45pm Dec 29, 2007 1:45pm
Also FX Street has free charts.
  • #4
  • Dec 29, 2007 2:03pm Dec 29, 2007 2:03pm
Hi billflet!

Wow, FX Street has almost all that I need! And it's free! Amazing. Thanks!

What about those brokers that are market makers? Do they provide "real" prices or their own, which are set at the dealing desk? I've read somewhere (can't remember where) , that Oanda, for example, has different servers for demo accounts and for live accounts, and that it provides "skewed" prices.
  • #5
  • Dec 29, 2007 2:25pm Dec 29, 2007 2:25pm
Quoting Treehugger
Hi billflet!

Wow, FX Street has almost all that I need! And it's free! Amazing. Thanks!

What about those brokers that are market makers? Do they provide "real" prices or their own, which are set at the dealing desk? I've read somewhere (can't remember where) , that Oanda, for example, has different servers for demo accounts and for live accounts, and that it provides "skewed" prices.
I don't think the disparity between a demo and live chart will be much. The differences usually shows up in execution. Sometime the demo will fill your orders but the live account will give you a requote or slippage. That shouldn't be an issue for what youare doing.

I execute most of my trades with Oanda and so far they've been reliable, their spreads are tight, and execution is very, very quick.

Bill
  • #6
  • Dec 29, 2007 2:50pm Dec 29, 2007 2:50pm
OK, thank you Bill. I'm also in the process of trying Interbank's MT4 platform. I only wish that the trial would not expire!
  • #7
  • Dec 30, 2007 12:26am Dec 30, 2007 12:26am
Use Accucharts from FXsol

I used to pay for software until I tried out their free charting package. It has been reliable for me for the past 12 months or so.

They have everything you need and are 100% free.

http://www.fxsolutions.com/trading_p...m/charting.asp
  • #8
  • Dec 30, 2007 4:07am Dec 30, 2007 4:07am
JFX, thank you soooo much for this link! I will try it out a few hours later, after I finish cleaning up my house. =)
  • #9
  • Dec 30, 2007 9:38am Dec 30, 2007 9:38am
Quoting Treehugger
JFX, thank you soooo much for this link! I will try it out a few hours later, after I finish cleaning up my house. =)
Not a problem, I recommend this software to clients and friends all of the time and most people seem to like it. If you look around there are some easy to follow web tutorials to help you get started with setting things up to your liking.
  • #10
  • Jan 3, 2008 9:48am Jan 3, 2008 9:48am
question : with the fxsol charting package, you can branch any feed or you have to use fxsol feed ?In the second way, no need of this package...
  • #11
  • Jan 3, 2008 10:13am Jan 3, 2008 10:13am
Quoting fxvanilla
question : with the fxsol charting package, you can branch any feed or you have to use fxsol feed ?In the second way, no need of this package...

As far as I know, these "free" charting packages are tied to the provider (broker) of the software. But if you would buy the charting software yourself, you could choose any data feed you would want. (and probably pay for that too)

At least this is the case with MetaTrader.
  • #12
  • Jan 3, 2008 11:04am Jan 3, 2008 11:04am
Quoting Treehugger
As far as I know, these "free" charting packages are tied to the provider (broker) of the software. But if you would buy the charting software yourself, you could choose any data feed you would want. (and probably pay for that too)

At least this is the case with MetaTrader.
Are the charts working out for you?
  • #13
  • Jan 3, 2008 4:28pm Jan 3, 2008 4:28pm
Quoting JFX81
Are the charts working out for you?
Hi, JFX81.

I wasn't much home today, and now I'm so sleepy, I can't even keep my eyes open. I will post my experience with both programs tomorrow, after I'm finished with my work.
  • #14
  • Jan 4, 2008 12:02pm Jan 4, 2008 12:02pm
Quoting JFX81
Are the charts working out for you?

Hi!

Yeah, thanks again for recommending the AccuCharts! I just love this charting software. Very easy to use, clean design and very fast. It has all the stuff I need and it's very user friendly. I only wish that FXsol would be ECN type of broker so I could open my account with them.

MT4 is also very good, but I needed a bit more time to get accustomed with using the charting tools and the layout seems less eye catching. Nevertheless, I like MT4 and I could use it easily as my primary charting software.

But I guess I'll open my account with EFX Group and use the AccuCharts for charting. For me this seems to be a very good combination.

Thanks for all your help, guys! I wish you all a superb trading in 2008!
  • #15
  • Jan 4, 2008 2:55pm Jan 4, 2008 2:55pm
becareful about trading with ECN and

get the charts from others it put az high

risk on your account.
  • #16
  • Jan 4, 2008 5:08pm Jan 4, 2008 5:08pm
Quoting MRmojtaba
becareful about trading with ECN and

get the charts from others it put az high

risk on your account.

I'd like to hear more about why should I avoid ECN brokers and why shouldn't I use someone else's charts? EFX Group is right now developing their own "advanced" charting software, but if that won't be as good as AccuCharts, I won't use it. I'll continue to use AccuChart instead.
  • #17
  • Mar 15, 2008 7:51am Mar 15, 2008 7:51am
Hi,
imagine that you are driving a rally with your car.
Would you use the exact maps of the road or would you like to use a map that "rensemble" the road you are driving on?

Well, the key here is, in my opinion, being able to use charts that are feeded with the quotes coming from your ECN broker (being these charts free or not, is a false problem).

bye,
Johnlucas.
  • #18
  • Last Post: Mar 15, 2008 11:38am Mar 15, 2008 11:38am
I downloaded the demo charting from metaquotes.net MT4 and have been using it for about 3 months now. I also was using the free version of MTIs charting package as well. They were very close. I just started using the free MT4 charting with my live trading. It's a little off but not much. Might be a little annoying for scalpers who are staring at charts waiting to grab a few pips here and there but works great for what I'm doing.
The ForEx giveth and the ForEx taketh away. (more taketh than giveth).
0 traders viewing now