Forex Charting Software
Forex charting software can encompass a variety of computer programs that facilitate the review of foreign exchange rates using technical analysis methods. The more basic programs of this type will usually allow you to plot the progress of exchange rates over time for several time periods, to overlay some of the more popular technical indicators like RSIs and Moving Averages, and to draw trend lines.
More sophisticated charting software generally offers some support for traders using Elliot Wave Theory to analyze exchange rate movements that would include calculating Fibonacci retracement and projection levels. Additional advanced forex charting software features might include: more advanced line-drawing options that include channels and Gann lines, computing and displaying Pivot Points, as well as providing a wider range of increasingly-complex technical indicators.
An even higher level of charting software often includes some form of pattern-matching algorithm that identifies forming chart patterns, along with their trigger points and measured move objectives. Other software based on Elliott Wave Theory might count wave progressions.

Finding the Best Forex Trading Software - FAQ
Forex trading software intended for the personal forex trader comprises a rapidly-growing segment of the forex industry. A number of different types of forex trading software have found their way into widespread usage among personal forex traders.
Common forex trading software types include:
Trading Platforms - allow for the manual management and execution of forex trades.
Technical Analysis Software - provides charts of historical exchange rates and technical indicators.
Trading Signal Generators - provide recommended levels at which forex traders can initiate and close out positions; and
Automated Forex Trading Software or Forex Robots - execute trades automatically based on a pre-programmed trading algorithm.

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