Hello and welcome to another Forex Examiner Forex trading tutorial.

In this Forex trading tutorial we are going to cover Forex charting software. Forex charting software is one of the most basic types of Forex trading software. It may also be referred to as Forex signal software if there are signals generated by the software when certain chart criteria are met.

Now many people who are just starting out may look for free Forex charting software. Well there is good news, I’m going to show you where you can pick that up at absolutely no cost to you. Also those of you who use a Mac computer may be interested to know that their are some charting software options available for you.

So what we are going to do now is to pop over to some Forex charting software sites.

The first we want to take a look at is the MetaTrader website. It is located at www.metaquotes.net

Here you can download either MetaTrader 4 which is been a standard in Forex charting software for some time. You can also find the newer MetaTrader 5 which also allows you to chart financial instruments other than Forex such as stocks and futures. You can download them directly from the website at the web address given above. MetaTrader is one of the most widely used of Forex charting packages.

While MetaTrader is frequently used as the “entry level’ charting package for most it can be very powerful in the hands of a skilled trader. In general, MetaTrader is a good way for you to start out and set up a demo account and start to test your trading ideas.

Ninja Trader has been around for quite some time, since 2003. There’s been nothing but praise for the way that Ninja Trader runs their business and for their charting packages. To find our more hop over to their website at www.ninjatrader.com and have a closer look at what Ninja Trader has to offer.

Tradestation is a very powerful chart, analysis, and trading platform. It can do everything from automated trading to manual trading to back testing systems and much, much more. It is one of the most powerful packages out there and is used by many experienced and professional traders. To find out more about TradeStation you can go to www.tradestation.com and take a look around the website to find out if this might be the right type of charting package for you.

XTick is interesting because of the Mac computer compatible option for trading and charting. You can go to www.xtick.com to find out more about their software.

MutiCharts has been around for quite some time and it has won numerous types of awards. You can visit the website at www.multicharts.com and take a look at what MutiCharts has to offer.

Esignal has been around for a very, very very long time. They have very in depth experience in the creation of trading tools for successful traders. You can find out more at www.esignal.com.

Now these are just some of the available packages and it’s a good idea to go through them and compare the features to the features you will need. They can vary greatly in their capabilities such as which brokers they can inerface with, etc. That is very important too because many people these days are interested in software which allows automated Forex trading with ther favorite Forex broker. In addition, some charting software allows traders go to a chart and place trades based upon entry and exit points placed upon the charts.

Trading technology is getting more sophisticated and flexible as time goes on. It makes sense, of course, to check out the various types of Forex charting software as well as check out some Forex charting software reviews. Hopefully you be able to find some that are unbiased from people who actually use the software. These are typically the traders who are be able to tell you the best software for their needs and that might mirror the software you need for your Forex trading as well.