Real Time Forex Charts

Tim_W

Newbie
5 0
Can anyone recommend web-sites for real time/end of day charting material for currencies, primarily EUR/USD.

Thanks for your help.
 

neil

Legendary member
5,167 747
Tim_W said:
Can anyone recommend web-sites for real time/end of day charting material for currencies, primarily EUR/USD.

Thanks for your help.


www.fxcm.co.uk
 

Zenda

Well-known member
491 10
Trade from the Chart

www.cms-forex.com

Trade directly from the chart - Stunning - what all software should be.
 

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Zenda

Well-known member
491 10
and more !! chart facilities Live

see below - just a minute feel of this great trading platform which puts you in TOTAL control - Z
 

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JTrader

Guest
5,741 506
Hello

Can anyone recommend a free real-time Forex online charting application that plots data direct from the interbank spot market, rather than plotting the Forex dealers own bid or offer prices?

For me, using the official data would seem a more accurate source to base trading decisions on.


Many thanks

jtrader
 

Dentalfloss

Legendary member
61,478 3,665
netdania.com.you can save youre settings.also see as many crosses as u like at the same time
 

JTrader

Guest
5,741 506
I asked FXCM for an explanation of the datafeed for their charts and this is what they said:

The S&P Comstock feed is an indicative feed that takes a composite of bank prices and streams them in real time. The Interbank market is not exchange-based - banks and large market maker such as FXCM trade with these banks on an individual basis using a Reuters or EBS platform. Each bank shows their own bid and offer, therefore you will not see a centralized price. If you are looking for a powerful, stable charting package with a composite feed from over 200 different banks and market makers, you would find it in the eSignal Premier charts.

Is it better to trade based on a chart that displays the dealers bid price, or would it be a better and more accurate way of trading to trade using one of these "composite feeds"?

Thanks

jtrader
 

JTrader

Guest
5,741 506
Yes JonnyT

the Globex futures, with 1.5 pip total spreads being the norm, looks like the best way to progress in the longer term. It seems a bit scary starting with a $125000 contract though :!:

Please can you recommend free sources of Forex futures online real-time charts, and also a combination of datafeed (IB?) and compatable charting packages?

Many thanks

jtrader.
 

JonnyT

Senior member
2,560 22
Hi jtrader,

I don't think you will find free live future charts anywhere.

I use www.interactivebrokers.com which is free because I trade with them combined with www.sierrachart.com

I also have a MyTrack basic package for other data

You could run IB through QuoteTracker for free providing you have a IB account.

The $125,000 contract isn't really relevant. You are also nominally trading vast amounts using a Forex Broker. For instance most trade in $100,000 i.e $10 per pip increments

If you weren't a $0.0001 move in the Underlying wouldn't make you anything and no one would trade the market.

JonnyT
 

TRADERguy

Active member
122 3
Tim_W said:
Can anyone recommend web-sites for real time/end of day charting material for currencies, primarily EUR/USD.

Thanks for your help.

The problem with retail forex brokers is that they control the prices (the bid and ask) that they give their customers and show on their charts. Because most if not all of them manipulate the price, their prices can get slightly out of line with what the interbank market is trading.

The prices that you really want to look at no matter who you're trading with (retail FX, futures, interbank) are from Electronic Broker Service (EBS). EBS is the spot platform for banks that does 1/3 of the daily spot volume at about 130 billion per day. Bloomberg pro has it, Reuters may have it, and I've heard that CQG will have it soon. There may be a cheaper chart pakage that has it, I'd check E-signal for starters. For free real time sites, I think all you are going to find is stuff that originates from retail fx brokers; better than nothing but definitely sub par.
 
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