An introduction Foreign Currency Trading with Forex Charting Software

In contrast to Forex charting software, we are all familiar with the dealing of stocks and shares since we see daily images of the trading floors of stock exchanges at home and around the world on the news. You may not be as familiar with Foreign Currency trading though. Foreign currency trading is often known as FX or Forex trading, and dealers speculate on rises and falls in the values of pairs of currencies with respect to each other. To do this they are supported by Forex charting software. This Forex charting software provides Forex traders with data on the movement of currency pairings. One such company who provides this Forex charting software is the VCI Group Ltd and they have two versions of the Forex charting software which they provide, TradingFX and Forex By Design also known as FxBD. Today we are going to take a look at the latter of their two Forex charting software solutions to see what it has to offer the Forex trader.

Introducing Forex By Design – FxBD from VCI Group Ltd

Forex By Design, FxBD is a Forex charting software solution that offers a range of Forex charting software tools. These Forex charting software tools include ranges of charts and indicators all aimed at better informing the Forex trader to make a series of well-educated and well-timed Forex trades. Forex By Design comes with a complete set of standard Forex charting software charts and indicators but also offers unique indicators and charts available only in the VCI Group’s Forex charting software. We will take a look in more depth of what Forex By Design has to offer.

Forex By Design – FxBD Range Bars

Forex By Design’s Range Bars are one of the flagship products in their Forex charting software. The switch from traditional time lapse charting to their excellent price movement lapse charting really improves the data clarity that your receive. Much of the noise we associate with the more traditional time based bars is eliminated and entry and exit points can be clearly seen.

FxBD Forex Charting Software: Cutting Edge Range Bars

Forex By Design – FxBD Point and Figure

Forex By Design’s Forex charting software has some great Point and Figure Forex charts which are updated in real time by the pip. These Forex charting software charts yield their own trading points and are very easy to learn and come with an array of advantages:

• easy to understand
• direct focus on price movements
• integrated chart and trading system with buy & sell indicators
• rigorously tested
• inbuilt decision rules
• major move focus
• crystal clear trend lines

Forex By Design – FxBD Dollar Index

Forex By Design’s Forex charting software has an excellent updated US Dollar index (USDX) which has been adjusted specifically for Forex trading.

Forex By Design – FxBD Indicators

Forex By Design’s Forex charting software contains an impressive and extensive list of indictors providing you with access to plotting a range of data points. The 43 indicators are neatly packaged into indictor categories for ease of use and the VCI Group have also introduced a couple of new, unique indictors to choose from specifically designed for range bars: the Average Candle Height and Average Time in Bar.

Forex By Design – FxBD Indicator Dictionary

For those new to Forex Trading or those not sure of the wealth of indictors provided in the Forex By Design Forex charting software, they have kindly produced an excellent indictor dictionary on the product website where each of the indicators are explained. If you want to take a look at the indicator dictionary you can find it at www.forexbydesign.com/indicatordictionary.htm

Forex By Design – FxBD Configurable Colours

Forex By Design’s Forex charting software chart colours are configurable and you can set most parts of the charts to any colour you desire to meet your own personal tastes.

Forex By Design – FxBD Currencies

Forex By Design’s Forex charting software offers real time price feeds for all the major six currency pairings plus coverage of sixteen minor currency pairings.

Forex By Design – FxBD Price Series

Forex By Design’s Forex charting software has the following PIP series: -

• 3 Pips
• 4 Pips
• 5 Pips
• 6 Pips
• 8 Pips
• 10 Pips
• 12 Pips
• 15 Pips
• 18 Pips
• 20 Pips
• 25 Pips
• 30 Pips

Forex By Design – Forex Charting Software Bar Styles

In addition to being able to alter the colour on the Forex By Design’s Forex charting software charts you can also configure the bar styles as well to 3D candles stick bars.

Forex By Design – FxBD Summary

The Forex By Design’s Forex charting software solution offers full coverage of all major Forex charting and we are also introduced to VCI Group Limited’s amazing price movement charting which offers crystal clear Forex charting. The Forex By Design’s Forex charting is further complimented by a comprehensive range of 43 indicators to choose from including two unique VCI Group indicators. Forex By Design’s Forex charting software also provides a user friendly interface for Forex charting.

Forex By Design – FxBD Conclusion

The range and coverage of the Forex By Design Forex charting software solution is excellent and the new charts and chart plotting by price movement makes reading the charts a breeze, entry and exit points can be clearly identified and enable more responsive trading. Another feather in the cap of the already well feathered cap of FxBD are the new indicators which I am sure any trader will find useful and intuitive to use.

Forex By Design’s Forex charting software comes neatly packaged with configurable graphs which we can change to our hearts content and I am sure that it is going to be a big hit with the Forex Trading community.

How to get hold of a copy of Forex By Design (FxBD) Forex Charting Software

The Forex By Design (FxBD) software suite of Forex charting software tools is available via the company’s website at www.forexbydesign.com. Access to the software is on a monthly basis and costs $95 per month with no set up costs of fees to use software.Forex Charting Software

Forex By Design for Advanced Forex charting software.

The TradingFX Forex Charting Software

TradingFX is a Forex charting software and trader service package that claims to offer the complete trading tool box for Forex Trading. The package claims to offer state of the art Forex charting software and also provides 24/5 live online trading through the company’s trade room. That is some ambitious claim by the company to make, so we decided to take a closer look at TradingFX to investigate the TradingFX Forex charting software and the range of TradingFX services.

What does TradingFX have to offer?

TradingFX basically consists of two parts. The first is the Forex charting software, and the second is the 24/5 live online trading which is supported by trader training and trader strategy techniques.

TradingFX’s Forex Trading Software

TradingFX boasts some award winning Forex charting software and they also offer a fresh approach to Forex charting not usually seen in Forex charting software. The VCI Group’s TradingFX brings us price movement based Forex charts, whereas normal Forex charts are time based. This type of charting could well prove to be a winner as it offers much clearer charting than other Forex charting software. It does this by the clever use of movement plotted Forex chartse which expand during periods of high activity, i.e. price movement, and compress during periods of little or no movement. The result of this is much clearer trading signals, which means that we are able to see prospective entry and exit points easier making Forex trading easier.

TradingFX’s Forex Range Bar Charts

TradingFX’s use of movement plotted charts in their Forex charting software comes into its own with their Range Bar Charts, ideal for use in volatile changing markets. They are able to produce crystal clear charting that is only added to with active price movement, giving more pertinent information to the Forex trader exactly when it is needed. Below is a great couple of screen shots to illustrate the difference between time and movement lapse Forex charting software range bar charts.

Advanced Range Bar Forex Charting Software:

Range Bars are one of the most important developments in modern forex charting software!

Forex modified US Dollar Index

Have you ever wondered during a trade what the US Dollar itself was doing in real time? The TradingFX Forex charting software is further enhanced with a USDX Index chart which is specifically modified for Forex trading – a nice touch. TradingFX also gives us another unique Forex charting software tool with their Currency Strength Index or CCYX chart. The Currency Strength Index chart cleverly looks at up to 8 single currency values. This view is excellent for visualizing alternate currency pairings to our exsiting pairing and provides the data to enable a shift to more favourable pairings.

TradingFX’s Point & Figure Charts

Point and figure Forex charting software charts are great for people new to Forex trading as the Forex charting software charts are easier to master as they yield their own trading points. These Forex charting software charts have a different look and feel from other charts in Forex charting software as the data is presented by a series of X’s and O’s plotted against a price axis, whereas normally you would see a series of candlesticks and the plotted movements between each. TradingFX’s Point and Figure charts in their Forex charting software yields very clear entry and exit points that make it easier to remove emotion from analysis of trading signals, and TradingFX has clearly established themselves as thee leader in properly constructed and displayed Point and Figure Forex charting software.

TradingFX’s Trade Execution System

TradingFX has yet again excelled and their Trade Execution System was named “Best Online Foreign Exchange Trading System” by Global Finance Magazine. TradingFX’s Trade Execution System provides connection to over 80 brokers and global banks via an electronic trading network. Because TradingFX owns the technology which backs up the trade execution system they do not have to rely on third parties for the resolution of technical issues and they offer real-time fixes to problems. TradingFX’s Trade Execution System utilizes the popular Currenex middleware to execute trades.

TradingFX’s Trade Execution has two different methods to trade: -

TradingFX Charts Direct Access

Currenex ECN is embedded into the TradingFX Forex charting software with direct access from their range of charts. It’s a great feature that  enables trading directly from Forex charts giving access to smaller spreads.

Web Based Access

Currenex’s web based trading platform is an institutional grade trading platform for Forex trades, fully supported by TradingFX’s education and training services.

TradingFX’s Forex Trading Accounts

For traders who are ready to trade, TradingFX offers institutional grade trading with direct access to a multi-bank portal. This is a great direct trading service from TradingFX and means no more middle men or dealing desks, allowing for Global Best Bid and Best Offer Quotes “GBBO”.

TradingFX’s Forex Trade Room

Another great feature is the provision through TradingFX, of a live online 24/5 trading room. The live online trading room means that Forex trading is available on a 24 hour basis and is at your fingertips. The trading room is staffed by a team of moderators and team leaders who cover all the major Forex trading sessions and also offer daily training sessions to provide ongoing development of your Forex trading skills.

TradingFX’s VIP Package

TradingFX is available in two packages, the first of which is the for TradingFX’s Forex charting software with built-in trading, the second option is the TradingFX VIP package which offers the TradingFX Forex charting software plus access to the live online trading room 24/5. The VIP package includes: -

• TradingFX Forex charting software with no license fees
• ECN Spreads
• Education, Strategy and Training Classes
• 24/5 Forex Trade Room Access
• Data Feeds
• Technical and non-technical Support
• TradingFX Forex charting software upgrades
• Contract free usage

TradingFX Conclusion

TradingFX certainly does offer a full end to end package with the TradingFX Forex charting software and the access to live 24/5 online trading.

TradingFX offers some very impressive Forex charting software with their innovative and award winning charts and the excellent movement based charts and the online trading backed by the training and education all make for a very comprehensive package, one that I’m sure is destined to win yet more awards in the future.

Where to Purchase TradingFX Forex Charting and Forex Services

There are two different types of TradingFX package available.

TradingFX Forex Charting Software with Integrated Trading

The first option available is to choose TradingFX software alone. TradingFX software includes the range of Forex charting software tools and also includes built-in trading. This option provides the ability to trade directly with a broker offering possibly the narrowest spreads available to the retail trader.

The price for the TradingFX software packages is: -

• TradingFX standalone Forex charting software with integrated trading is $177 per month. To sign up for the TradingFX package as a standalone product you will need to email tfx@mychartsupport.com for instructions.

TradingFX Forex Charting Software with Integrated Trading and 24/5 live Online Trading Room

The second method provides the TradingFX Forex Charting Software with built in trading and also membership to the live online trading room.

The price for the TradingFX software Total Service Packages is:

TradingFX Forex charting software with integrated trading and access to the live online trading room is $297 per month. To sign up for the TradingFX VIP package, follow the 2 Step Process at TradingFX.com/totalservicepackage.htm.

Summary on TradingFX’s Forex Charting Software and Forex Services

The VCI Group have done it again and provided us with some great Forex charting software backed up with some excellent Forex training, strategy and support services which should be an invaluable part of any Forex trader’s armoury.
Forex Charting Software

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