It is needless to say:
There is a solid line between a lucky guess and professional Forex trading based on analysis.
But here is the question:
How to cross this line and join up the professional traders who trade Forex not for the sake of adrenaline, but take trading as a serious full-time job.
Keep reading and learn the tips how the currency rate history can help you out to turn into a professional trader.
Intrigued? We bet you are.
Imagine yourself doing skydiving or rock climbing.
First thing you care about – to guarantee your safety and backup yourself, right?
Forex trading can be certainly the same adrenaline driven action, without risking your life for sure, but still holding some risks for your money.
The point is:
You won’t ever go skydiving without parachute, but lots of traders dive into the demanding world of trading without any serious backup.
We truly believe that backtesting your strategies at currency rate history can be considered as a firm back up for your trading style at the Forex market. Backtest your strategies, compare results and make yourself ready to face a live trading.
It is not an exaggeration to say:
Searching for quality source to download historical currency charts online is often a time-consuming and complicated process. The list of relevant websites is endless; yet, it is still very difficult to find a reliable source. The searching process becomes even more confusing and knotty.
If so, it's time to stop wasting your precious time and try our easy-to-use online service which enables you to get data you can trust in a couple of seconds.
All you need to do is to pick the suitable type of subscription, make a payment and you are ready to go into the challenging world of the Forex market trading.
Sounds like a tricky question.
Yet we have an answer. Every type of the currency rate history is consistent with different trading purposes.
Let us check what the difference is between those two packages.
THINGS YOU NEED TO KNOW ABOUT FREE HISTORICAL CURRENCY CHARTS
THINGS YOU NEED TO KNOW ABOUT PAID HISTORICAL CURRENCY CHARTS
(Forexite free data)
(minute and tick data)
|Number of symbols
|Historical News||USD news only||For 9 main currencies||For 9 main currencies|
|Types of news||Important news only||News of medium and high importance||News of low, medium and high importance|
|Precise results on timeframes:||D1-W1||H1-W1||M1-W1|
If you are that type of professional who does not like to “put all your eggs in one basket”, then you would not definitely like to be locked in the narrow frames of only 18 currency pairs.
Why would you, if you can make your choice in between 818 symbols instead of 18 given free?
Trade on 7 major, 28 cross currency pairs and make use of 60 exotic currency pairs. Examine the trading on 16 metals or 22 types of commodities. Moreover, gain some experience in the stock trading at 568 stocks with 111 indexes, 2 futures and 4 cryptocurrencies included.
1-minute data in Forex trading gives you quite rough impression of how the price was formed. You get the information only about the open, high, low and close levels.
If you are keen on scalping, tick data will be the only source of the most relevant information about the price. To rebound as a successful trader the scalper need to count every tick while trading. For this reason, you certainly would want to receive the most accurate data to get a realistic overview of market conditions.
So you have entered the Forex market, learnt all the possible way to result profitably at it, calculated all risks and even tested your strategies out, but the small little thing can invalidate all your efforts. That tiny detail is the depreciation of the floating spread.
You should be aware of taking the floating spread ranges into your estimations from the very beginning. Without it, you cannot be 100 % confident about your trading strategy in the live trading
In comparison with the free historical currency charts that updates only once a month, within the paid subscription your data will be updated automatically every day.
What advantages does it give for a trader?
The Forex market is affected every minute by the various political and economic aspects from all over the world – from minor to crucial ones.
We doubt a professional trader will find a month-delayed information about changed conditions useful for his business. In the world where people throw the newspaper as soon as it was read, even a one-day delay may proceed into huge losses on the Forex market.
We imagine the free service of the currency rate history is more suitable for the newbies at the Forex market.
Let us explain why.
Once you decided to start your way as a Forex market trader, you can find yourself totally confused with the inner mechanisms of the Forex market.
If this is your case, feel free to download currency rate history package without payment to get the first impression and to orient yourself in the Forex trading step-by-step.
The operation with this kind of data can give you some approximate impression on how your strategies will process, but at the end, it can result in the low accuracy of the market research.
Despite of being a middle-quality data, the free historical data can be your first step in moving forward more serious and advantageous background for your trading strategies.
Whereas this type of currency rate history may be enough for amateurs, the experienced Forex traders will tend to use high-quality historical data, as it is a worthy investment into the future results.
It is obvious that the free data package provides the information that certainly cannot cover the needs of the professional traders for the backtesting purposes. It narrows the opportunities of the advanced users in Forex trading and lessen their flexibility as traders.
So, we truly believe high quality historical currency charts will be an extremely useful tool for trading for any trader – both for professionals and newbies.
Check out how you can skyrocket your Forex learning with our trading simulator Forex Tester 4.
We hope while reading this you realized that high-quality currency rate history is the golden mine for the successful trading. Great!
Now you probably wonder what kind of the prepaid subscription will meet your needs in the best possible way.
When you look at the prices of the Standard and VIP subscriptions, you may notice there is a small difference in the fees. The reason behind it is to provide the traders with the most relevant currency rate history, but for a reasonable price.
Moreover, to make the purchase even more comfortable for you, we established the annual subscriptions at the compatible level compared with a monthly subscription. Therefore, if you want to build a strong basis for your trading style, you should aim for annual long-termed subscription.
Once you determine to go for historical currency charts subscription, take into account that it is more beneficial to buy data in the bundle with Forex Tester software.