The Best Charts to Trade in Australia
Traders in Australia are spoiled for choice when it comes to charting technologies. There are numerous platforms on offer, some of which are free of charge and quite capable. Others cost hundreds of dollars each month but have features that many traders will never use.
What’s more, most of the Australian trading community remains “stuck in the 90s” when it comes to using charts – they still rely heavily on traditional line charts with fundamental technical indicators to place trades. At the same time, most in-play action takes place via instant messaging programs or even Skype calls.
However, more and more traders are coming to appreciate the benefits of using advanced charting technologies. In this article, we’ll look at four of the most popular charting platforms used in Australia and experiment with the features that make them so unique.
TradingView is one of the most popular charting platforms globally, and it’s no wonder why – it offers an incredible amount of features for free. The platform allows you to trade stocks, Forex, commodities and indices across a wide range of global markets, and you can use it on your desktop computer or mobile device.
One of the best features of TradingView is its social aspect. You can follow other traders and view their charts, and you can even comment on charts and share ideas with other traders around the world. This makes TradingView an excellent place to learn about trading and get ideas from experienced traders.
MetaTrader 4 is a prevalent Forex charting platform globally, and it’s used by millions of traders worldwide. The platform provides many features, including technical analysis tools, automated trading capabilities, real-time news and an economic calendar, and more.
MetaTrader 4 can be used on desktop and mobile devices, making it a versatile choice for traders. It’s also one of the most inexpensive platforms available, with a range of pricing options to suit traders of all experience levels.
NinjaTrader is a popular charting platform used by traders around the world. It offers a wide range of features, including technical analysis tools, automated trading capabilities, real-time news and an economic calendar, and more.
NinjaTrader is available for desktop and mobile devices, making it a versatile choice for traders. It also has a free trial version that allows you to try out the platform before buying. This makes it an excellent choice for traders who are new to the world of charting and automated trading.
eSignal is a popular charting and trading platform used by traders worldwide. It offers a wide range of features, including technical analysis tools, automated trading capabilities, real-time news and an economic calendar, and more.
eSignal is available for desktop and mobile devices, making it a versatile choice for traders. It also has various pricing options to suit traders of all levels of experience. eSignal is one of the most expensive charting platforms on the market, but it’s also one of the most comprehensive. If you’re looking for a complete trading solution, then eSignal is worth considering.
These are just four of the many charting platforms available to traders in Australia. Each platform has unique features, making it a suitable choice for different traders. It’s essential to choose the right platform by experimenting with a few others until you find one best suited to you.
The best platform depends on your trading style and experience level. If you’re just getting started in the world of charting and automated trading, then NinjaTrader or eSignal might be an excellent place to start. If you’re an experienced trader who’s looking for a comprehensive trading solution, then MetaTrader 4 or eSignal might be a better option. And if you’re looking for a versatile charting platform with a social aspect, then TradingView might be the best choice for you.
There is a wide range of charting platforms that traders can trade in Australia. Some of the most popular options include TradingView, MetaTrader 4 and eSignal. Each platform has unique features, making it suitable for different types of trading. You can also learn how to trade futures by using these platforms.