Are Forex charts on Netdania accurate?


Quick Answer

NetDania's foreign exchange market charts are accurate in the sense that they show live prices rather than delayed prices, according to NetDania's website. The charts update in real time. Time scale options for any chart range from one minute to monthly.

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Full Answer

NetDania provides browser-based financial charting applications that utilize either Java or Javascript, notes the website. NetDania also offers mobile charting applications for iOS, Android and Blackberry. Traders can use NetDania's products to chart currencies, stocks, indices and commodities.

Traders use charts to perform technical analysis studies, explains StockCharts.com. Examples of common technical analysis tools that StockCharts.com outlines are price channels, pivot points, moving averages, Bollinger Bands and relative strength index. These tools aid traders in anticipating the future movement of prices.

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