What is Forex?

Forex is the abbreviation for Foreign Exchange or Foreign currency Exchange and is normally used to refer to the Foreign Exchange markets and the trading on these markets and Forex Charts are to display them clearly and visibly. The Forex market is the oldest and the largest trading market.

What is Forex Trading?

Forex trading is trading in currencies, specifically trading in foreign exchange rates aided by Forex charts. Forex trading normally conducted between six major currencies which are the US dollar (USD), the British pound (GBP), the Euro (EUR), Canadian Dollar (CAD), Swiss Franc (CHF) and Japanese Yen (JPY). The currency pairings i.e. the two currencies traded against each other are listed below. In addition to the major six currencies there are also sixteen minor currency pairings which are also traded.

Forex trading can take place 24 hours a day over a five day week, which you can often see represented as 24/5.

The Forex Trader’s Armoury :: Forex Charts

I am sure that most people have seen the vast array of Forex charts displayed across numerous computer screen monitors in films like Wall Street or on the TV in the financial news.

For people wishing to trade in Forex markets one of the most indispensable items in the Forex trader’s arsenal are Forex charts. The data presented in the Forex charts equips a trader with the information they need to analyse trends in currency movements and enables them to pick good entry and exit points in the various currency pairings.

The choice of software with good Forex charts can mean the difference between great, good, fair and bad trading. There are a number of software Forex charts programs available but most of the choices available offer only time based Forex charts reporting. This type of software can give good information to the user but during periods of mixed rate market activity, where a period of high activity follows a period of low activity or vice versa, the data presented on the Forex charts can be difficult to read and interpret. The data on these traditional charts comes with a lot of additional noise and for a period of high activity it can be extremely compressed.

Fortunately VCI Group Ltd have a great set of Forex charts software in their Forex By Design(FxBD) software; which as well as bringing the traditional time elapse Forex charts also offers movement based Forex charts. The additional movement based Forex charts offered in Forex By Design (FxBD) offer decompressed data during periods of high currency movement and for periods of static currency, offer compression. This means that the Forex charts are free from unnecessary noise and the periods and indicators are clear, presenting crystal clear entry points and crystal clear exit points.

Forex Range Bars for Crystal Clear Entry and Exit Signals

The Forex By Design (FxBD) software from VCI Group Ltd includes a full range of Forex charts and tools and comes with the addition of movement driven Forex charts and also a unique pair of trading indicators available only from VCI Group Ltd.

Forex By Design (FxDB) Forex Charts

VCI Group Ltd’s Forex By Design Forex charts offer all the quality Forex charts that you would expect from a quality product plus much more with the cutting edge movement tracking Forex charts.

Forex By Design (FxDB) Indicators

Forex By Design (FxBD) Forex charts have over 40 indicator types which are organised into six logical indicator groupings:-

Smoothing
Oscillators
Bands
Trending
Volatility
Momentum

VCI Group Ltd’s software also has two new unique momentum dimension indicators secifically designed for use with their flagship Range Bars, Average Candle Height (ACH), a unique volatility indicator and Average Time in Bar (ATB), a unique momentum indicator. For a complete list of all the indicators together with explanations of each you can visit the FxBD indicator page at www.forexbydesign.com/indicators.htm

Forex By Design (FxDB) Currencies

Forex By Design (FxBD) offers charting in all the six major currency groups and also Forex charts are available for a further sixteen minor currency pairs to make sure that you are fully equipped for Forex trading.

Forex By Design (FxBD) Summary

The Forex By Design (FxBD) Forex chart software is easy to use and very user friendly which enables you to get the most out of the vast array of tools at your disposal. The highly configurable user interface also means that you can tweak the range of colours and markers to suit your individual requirements. Where the Forex By Design FxBD software really shines is with its unique set movement elapse Forex charts. FxBD’s movement elapse Forex charts offer crystal clear charting which are great to identify entry and exit points. All this together with a comprehensive FAQ section and email support mean that you are never far away from finding the answer to any FxBD question you may have.

Forex By Design (FxDB) and Forex Charts Conclusion

Forex By Design (FxBD) offers an excellent and unique set of Forex charts and tools to help Forex Traders of all levels, from the new Forex trader just entering into Forex trading to the most experienced of Forex Traders. The Forex By Design (FxBD) software comes with a comprehensive set of traditional tools and offers some invaluable new charting methods and also some very useful indicators unique to VCI Group Ltd’s software. All this comes at a very reasonable monthly software cost and with good support to match, Forex By Design (FxBD) software should be a part of any self-respecting Forex trader’s arsenal.
Forex By Design is available as a standalone charting product for only $95 per month with no extra fees of any kind.
Forex Charts

Please also see these Related Articles:

TradingFX, the New Standard for Complete Forex Trading and Forex Charts

Forex Charts Standard Risk Statement

Forex charts by Forex By Design

A Brief History of Forex Trading Markets

Forex Trading or Foreign Exchange Trading is one of the oldest trading markets in the world and modern trading requires the best Forex Charts. With over $3 trillion traded every day it is the largest market on the planet. Traders analyse and interpret data presented in Forex charts to make decisions when to buy and sell currencies.

An Insight into Forex Trading

Forex trading uses Forex charts which display market data. This data in the Forex charts is then used to interpret and analyse data to buy and sell currencies. Pairs of currencies are traded on the Forex. The Forex markets are quite unique in that they are open 24 hours a day unlike other trading markets e.g. the shares market which only trades for part of the day. Trading on the Forex also varies from markets like share trading markets as it does not operate from one centralised source or exchange but through a network of major brokers and banks.

What do Forex Traders Use to trade?

Forex traders use a variety of tools to trade with one of the most important tools at their disposal being Forex charts, these Forex charts give data on the movement and changes of exchange rates. The trader then analyses the graphical data, combined with a number of different indicators; which are mathematical equations and functions, to look for trends in currency movement. This should then provide a trader with entry and exit points for trading Forex.

What is TradingFX?

TradingFX Charts is a great complete trading package offered by TradingFX. It offers Forex Trading software and also Forex trading account services to make it a complete Forex package, one of the best on offer anywhere. The TradingFX software includes a range of Forex charts and indicators with a number of superb chart and indicator types unique to VCI Group Ltd software and the software also has inbuilt trading links meaning that you can trade directly from the Forex charts. The TradingFX package also comes with an impressive package of services from video support on the individual software product through to Trader strategy training.

TradingFX’s Forex Charts

One of the major features of Forex trading software from VCI Group Ltd is their Forex movement Range Bar Forex charts. Most other Forex chart software uses time to plot against the x axis which can make Forex charts hard to interpret, especially during a period of high currency movement swings. Whilst the TradingFX software offers this traditional style of plotting data they also have data plotted against currency movements. What this means, is that during a period of high movement the Forex charts and the data produced is decompressed with some excellent results and improvements in data clarity. This means that when trading during volatile periods of currency movement, clearer potential entry and exit points are available.

Advanced Range Bar Charts:

15 pip Range Bars

5-Minute Bars

Forex Charts Range Bars

Range Bars:

50 pips down, 100 pips up, 50 pips down

Forex Charts 5 Minute Bars

Minute Bars:

50 pips down, 100 pips up, 50 pips down

Range Bars are one of the most important advances in technical analysis in decades!

Forex Weighted US Dollar Index

The TradingFX software also comes with an updated United States Dollar Index (USDX) chart; which has been revised from the original US Dollar Index Forex charts to give it a bias more suited to modern Forex trading.

Currency Strength Tool

TradingFX also provides us with a very useful chart, the Currency Strength Index (CCYX) chart to add to their already impressive range of Forex charts. CCYX Forex charts can split a trading pair of currencies and isolate each of the individual currency’s performance against other currencies. This comparison feature enables you to see which way each single currency is moving and thereby choose a Currency Pair where the two components are moving in opposite directions.

TradingFX Forex Charts Software & Trader Services Pricing Structure

TradingFX Trading software and TradingFX services come in different packages.

TradingFX Software with Built-In Trading

TradingFX Software with Built-In Trading includes the range of Forex charts and also includes built-in trading straight from the Forex charts; enabling direct trading with a broker to take advantage of the smallest of spreads available to the retail trader.

The TradingFX Software with Built-In Trading packages retails at $177 per month

TradingFX Forex Charts with Built-In Trading & Live Online Trading Room

The second package is the TradingFX Software with Forex charts and Built-In Trading and membership to the live 24/5 online trading room plus access to all the range of training and trader support services.

TradingFX Software with Built-In Trading & Live Online Trading retails at $297 per month.

TradingFX Forex Trading Package Summary

The TradingFX product offers a complete set of tools for the Forex Trader with a wide range of standard and unique Forex charts available and over 40 Indicators including a couple of unique ones to choose from the software side is very comprehensive. TradingFX services also cover live trading, training and trading strategy.

TradingFX Forex Package Conclusion

TradingFX certainly covers all the bases and ticks all the boxes for Forex Traders. The superb and unique content make Forex charts much easier to read and interpret and the high configurability and personalisation options available for the Forex charts make them very hard to beat. Throw in the extensive set of indicators, again with unique VCI Group Ltd indicators and the software is very hard to beat. Couple the TradingFX software with the option of the live trading room and you have a complete Forex trading package with the added bonus of trader training and strategizing. It makes the complete Forex trading package very hard to beat.

Live 24/5 Online Trading Floor with Advanced Forex Charts:

TradingFX’s Trading Floor is accessible 24 hours a day, with Trading Moderators displaying and explaining their forex charts are available and cover the prime trading hours and major trade sessions. Team Leaders help navigate the forex markets and work with traders on trade setups, multiple trading strategies, technical studies, trading discipline and proper trade management. Additionally, training classes and the opportunity of an ongoing education with long term trader support is available. This gives the trader the ability to communicate and trade with like-minded traders while learning and benefiting from the TradingFX currency trading community and their forex charts. Continuing education is a key component of successful traders, and the TradingFX Trade Floor is a tremendous tool to advance knowledge and skills while supporting the trader’s efforts long term.

Two ways to buy these Forex Charts:

Users can either choose the standalone advanced forex charts provided by TradingFX or they can go for the whole VIP package.

The standalone forex charts package can be acquired for just $177 per month by contacting tfx@mychartsupport.com, with no other upfront costs.

For the very best trading experience, we recommend the VIP Package, which includes the forex charts on the 24/5 Live Trading Floor along with the standalone TradingFX forex charts for $297 per month, with no other upfront costs.
Forex Charts