Free charts for Forex trading have come a long way.
A really long way…
I remember when I first started, there were only janky Java charts. If you bumped your computer, it seemed like it would cause the charts to crash.
I’m joking of course, but they were pretty terrible. When I looked around, I found that some of them are still available.
Criteria for Choosing the Best Free Charts
Totally Free
We have benefited from free Forex charts since the beginning of the retail Forex market. This is one of the many reasons to trade Forex.
Of course, that doesn’t not always mean that the charts are usable, but free is a minimum.
Instant Access
If charts are going to be browser-based, they should be easy to access and you shouldn’t have to go through a lot of trouble. There shouldn’t be any complicated logins or extra software to install.
The free charts should also be reliable and you should be able to create instant screenshots for journaling.
Customizable
You should also be able to customize your charts with drawing objects, zoom in/out, save templates and more. Being able to custom program indicators and even test automated trading systems should also be available.
With today’s technology, this should be a given, not a paid option.
Easy to Use
Finally, the charts should be intuitive. I’ve noticed that many times in trading, the software is designed by programmers, not traders.
Things that would be obvious to even the most beginner trader are completely missing from some platforms. Extra points, if the charts are pretty too.
My Choice For Best Online Forex Charts
TradingView
To get the complete set of charting features, visit the TradingView website. I have found that these free charts are great for recording your trading ideas.
Any time you have an idea, simply put it into TradingView, instead of actually taking the trade. Then you can go back later, to see if your idea would have worked.
charting is so solid and I really like their play-forward feature.