Monday, December 1st, 2013 by Michael Freeman
There is often some confusion regarding which charts are best for binary options and in this article I will review the top solutions that day-traders around the world are using, depending on skill and personal preferences, so let’s compare the different binary options charts!
Online Free Charts for Binary Options – All Free Live Streaming Charting solutions
FreeStockCharts.com offering real-time charts for Forex, Indices, Commodities and Stocks. Bar/Candlesticks Charts view (No Flash Required. Runs on Microsoft Silver Light Plugin) Available on Mobile App. Time Frames – 1 min, 2 min, 3 min, 5 min, 10 min, 15 min, 30 min, 60 min, 2 hrs, 4 hrs, 24 hurs, 2 days, 3 days, 4 days, 7 days, 8 days, 9 days, 30 days, quarterly, yearly. Free Indicators available on Free Stock Charts!
Watch the Free Stock Charts Youtube Guide below for more information.
MetaTrader4.com Downloadable Charting Solution for Forex, Indices, Commodities, Futures and Stocks. Bar/Candlesticks Charts view (No Flash Required. Download the software directly.) Available on Mobile App. Time Frames – 1 min, 5 min, 15 min, 30 min, 60 min, 24 hrs, 7 days, 30 days. Automated Trading available.
Watch the Meta Trader Youtube Guide below for more information.
Investing.com offering real-time charts for Futures, Forex, Indices and Stocks. Bar/Candlesticks Charts view (Flash Plugin required to view the charts on Investing). Time Frames – 1 min, 5 min, 15 min, 60 min, 5 hrs, 24 hrs, 7 days, 30 days.
FXempire.com offering real-time charts for Forex, Commodities, Indices, Stocks and Bonds Charts. Bar/Candlesticks Charts view (Flash Plugin Required to view the charts on FXEmpire). Time Frames – 1 min, 5 min, 15 min, 60 min, 4 hrs, 24 hrs.
Why are Independent Binary Options charts Important?
Live charts gives us a better understanding of the asset’s overall trend as opposed to the broker’s platforms that only reveal the last few hours of the asset’s price levels. The broker’s charts are not always accurate and are usually not available on full screen.
Independent charting solutions like Meta Trader or Free Stock Charts enables traders to setup indicators on the charts for further analysis used in many price actions strategies. These indicators are usually available on the charting software or site while some indicators must be downloaded and uploaded individually. For more information on popular indicators visit the list of binary options technical indicators.
Meta Trader 4 VS Free Stock Charts
Meta Trader is widely used and considered the most professional free charting solution for Forex and Binary Options trading, however it’s more complicated than Free Stock Charts! Both charts providers offer the ability to use technical analysis indicators which puts them a head of any other web-based sites. Keep in mind that setting up Meta Trader requires that you register a demo or real account with a Spot Forex Broker, and after registering you must log in to Meta Trader using the log in information from your Spot Forex Account. Free Stock Charts only requires that you download the Microsoft Silver Light Plugin and you are good to go!
In terms of simplicity the Free Stock Charts are more user-friendly, while Meta Trader offers advanced auto-trading and demo trading directly from your Spot Forex Account.
Watch my Meta Trader 4 Youtube Guide
Watch my FreeStockCharts Youtube Guide
If you plan to trade binary options on your own and use professional charts, make sure to learn how to use indicators and you will find lot’s of useful information on popular indicators such as Bollinger Bands ® and the MACD Indicator with full instructions and snapshots! Thank you for checking my list of charts for binary options! Good luck and if you have any questions feel free to comment below. Mike