Sunday, March 30th, 2014 by Michael Freeman
Let’s start by answering the most important question concerning charts. Why do we need live charts when we trade binary options? After all, the broker platforms include live streaming asset charts and we can trade directly from the binary options website. This is true, however the charts on the broker’s platform don’t include the following: Candlesticks Charts, Indicators, Extended Asset Timeline and the option to upload Technical Analysis Indicators, Trading Scripts and the various tools that are provided on the charting software and websites. The second question is, should we pay for charts and purchase NetDania or should you go with one of the free binary options charts? After comparing NetDania to the charts on FXempire.com or MetaTrader 4 I found that both the paid and free charts practically include the same features, components and functions which makes it a wasteful expense to purchase a charting software where you can get exactly the same..without paying for it!
Checkout my Top 5 Free Binary Options Charts!
FXEmpire.com – The charts offered on the FXEmpire.com websites are highly recommended and include popular indicators and Candlesticks Charts. On Fxempire.com you can view all 4 asset groups traded on binary options platforms. Fxempire.com is considered one of the biggest financial portals in the world and you can find daily currencies analysis, professional trading tools and industry news.
Investing.com Just like Fxempire.com Investing is a highly recommended online trading portal targeted for Forex and binary options traders. The only issue with Investing.com is that they don’t offer live commodities charts so if you plan to trade Oil, Gold, Silver, Copper or any of the commodity options offered on binary options platforms, you should probably choose Fxempire.com for a free web based charting solution.
FreeStockCharts.com is the ideal live charting website for stock option traders who are looking for detailed charts for practically any index, sub index and stocks that are traded in the world. The great thing about Free Stock Charts is that they offer a wide range of indicators that you won’t find listed on Fxempire.com or on Investing.com.
MetaTrader4.com is a free downloadable charting software and the most popular one in the Forex community. This is an open-source charting solution that includes a wide range of indicators, trading scripts and the option to upload your own indicators directly to the software. This is a very popular solution for Forex traders as it allows you to sync your Metatrader with your Free Demo or Live Spot Forex Account.
TradingView.com is a hybrid between a ‘collaboration social network’ and a charting solution, allowing traders to exchange trading ideas in real time, using real live charts. This solution allows traders to share live charts and post annotations directly on the charts, making it a powerful collaboration tool both for beginners and expert traders.
Interested to learn more about Binary Options and Forex Indicators? Checkout the details list of technical analysis indicators! If you have any questions on one of the above Free Binary Options Charts, please comment below.