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As a financial expert, having access to reliable charting tools is essential to make informed trading decisions. While there are many paid charting tools available, there are also several free options that offer excellent features and functionality. This article will explore the top 5 free charting tools that every trader should know and explain how to use them.
TradingView is a popular charting tool used by traders worldwide. The free version offers a vast library of technical indicators, chart types, and drawing tools. Traders can customise their charts, save their layouts, and share them with others. TradingView also has a social community where traders can share ideas and collaborate.
To use TradingView, simply sign up for a free account and start exploring the different charting options available.
Yahoo Finance is a free financial news and charting platform offering several useful tools. Traders can create customised charts with various indicators and overlays, including moving averages, Bollinger Bands, and Relative Strength Index (RSI). Yahoo Finance also offers chart comparisons, where traders can compare different assets' price movements side by side.
To use Yahoo Finance's charting tools, simply go to the Finance page and search for the asset you want to chart. Click the "Chart" tab to access the different charting options.
Investing.com is a comprehensive financial news and charting platform that offers free real-time charts for several asset classes, including stocks, forex, and cryptocurrencies. Traders can customise their charts with various technical indicators, overlays, and chart types.
To use Investing.com's charting tools, simply search for the asset you want to chart and click on the "Chart" tab. From there, you can customise your chart with the different options available.
Google Finance is a free financial news and charting platform offering several valuable tools. Traders can create customised charts with various indicators and overlays, including moving averages and MACD. Google Finance also provides real-time price updates and news alerts.
To use Google Finance's charting tools, simply search for the asset you want to chart and click on the "Chart" tab. From there, you can customise your chart with the different options available.
StockCharts.com is a free charting tool that offers access to several technical indicators, overlays, and chart types. Traders can customise their charts and save them for future use. StockCharts.com also provides a social community where traders can share ideas and collaborate.
To use StockCharts.com, simply sign up for a free account and explore the different charting options available.
Having access to reliable charting tools is crucial for trading success. While there are many paid options available, there are also several free charting tools that offer excellent features and functionality. Explore the different charting options available and choose the one that best fits your trading needs.
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