Drawing Tools
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A broad range of intelligent drawing tools is available. These tools allow you to focus on trends, support and resistance, gaps, pivots, triangles, and other price patterns. Trend Lines, Andrews' Pitchfork, Fibonacci Arcs, Gann Fans, and other studies can be easily drawn with a mouse click. |
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Gann Fan
This analytical drawing indicates time and price movements from important highs and lows, and it identifies price breakouts. Angled lines fan out from the selected point. They indicate a time-to-price relationship that may be relatively fast or relatively slow, depending on the size of the Gann angle.
Gann Square
The Gann Square is created by drawing a Gann Fan from each corner of a square.
Trend line
This analytical drawing tool indicates the direction of price movement.
Extended Line
This analytical drawing tool indicates past and future directions of price movement. This is a trend line that extends left and right on the chart.
Ray Line
This analytical drawing tool indicates possible future direction of price movement. This is a trend line that can only be extended to the right.
Text
Text is a non-analytical drawing tool used to display user comments, and other text, directly on the chart.
Chart Analysis
Charting is one of the most important aspects of trading software. You need to see precise price movements to determine your next move. Charting software needs to be flexible, so that you can adjust any part of it to your particular needs. Charts also need to be reliable, so that you don’t experience any hold-ups or crashes while analyzing important information.Market Scanner
Real-Time Market Scanner is also known as a "screener", "radar screen", or “quote board” in other trading software. It’s an Excel-like sheet that is capable of showing thousands of streaming quotes and other important information. You can also add technical analysis indicators to quotes to get additional insight into the market.Strategy Backtesting
Strategy backtesting is an essential tool to see if your strategy works or not. Backtesting software simulates your strategy on historical data and provides a backtesting report, which allows you to conduct proper trading system analysis.
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Risk Warning:
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
