Guide to Trading Forex Using Charting Tools from City Index Asia

SINGAPORE, March 22, 2012 /PRNewswire/ --

Trading forex is a popular choice for a wide range of traders both new and experienced; foreign exchange provides attractive opportunities to traders even in times of market volatility.

Foreign exchange is one of the most popularly traded financial products; with an average volume of USD 4 trillion per day.

Through City Index Asia, traders can benefit from tight fixed spreads on 28 of the most popular forex pairs and access a range of downloadable, web and chart based trading platforms, enabling quick and efficient trading.  

Here we look at how traders choosing to trade forex with City Index Asia use FX Accucharts to help improve their trading potential.

Charting Tools

City Index Asia offer a range of professional trading platforms from which their forex traders can benefit.

FX Accucharts is one of these leading platforms, providing traders with the convenience of rapid and accurate analysis, whilst benefiting from professional features such as real-time price feeds and multiple time frame analysis to uncover potential future market directions.

Key features of FX Accucharts include:

• Over 150 indicators/oscillator variations 
• Customizable charts to fit your individual preferences 
• Personalized chart analysis and indicators
• Ability to save and share customized workspaces with other FX Trader account holders
• Audible price alerts

Traders are also able to map points of support and resistance, visually; with the aim of identifying trends and uncovering potential future market directions.

Additional features include:

• Professional quality drawing tools
• Visually map fully customisable pivot points
• Plot Fibonacci Projections to measure and interpret price movements

Download Accucharts

To access FX Accucharts, you will need to either have a City Index Asia live or demo trading account.

A demo forex trading account will allow you to both familiarise and practice trading forex using a professional trading platform and virtual cash balance; all at no risk to your capital.

Alternatively, if you want to learn more about foreign exchange, and open a forex trading account with City Index Asia, you can view more information and apply here: http://www.cityindex.com.sg/fx-trading/start-trading-fx.aspx.

Once you have either a demo or live forex trading account, it's simple to access your FX Accucharts software.

Simply download, install and follow the instructions on the installation window; there you are able to log in directly to your demo or live forex trading account using your username and password.

Summary

Trading forex and CFDs on margin carries a high level of risk, which may not be suitable for some investors.

Always consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully.

The possibility exists that you could lose some or all of your investments, including your initial deposits.

About City Index:

Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.

City Index is a leading global provider of margined foreign exchange, CFD trading and in the UK, spread betting. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.sg/

SOURCE City Index Asia