Forex charting software is used by fx traders to perform forex technical analysis, which assists them to make far better trade decisions. Charts are useful to visually interpret and represent analytical data in an attractive and lively fashion. Essentially, visual charts tell you when the market is trending for you to enter into a trade, give you stop levels, help you decide on a target for your trade, and give you an indication when the trend may be ending.
An experienced trader will be able to identify these key price points and join them together forming trend lines. These trend lines are also called support and resistance lines which are important levels for forex traders. | Created by www.ForexGeometry.com