Thursday, October 8, 2009

FreeStockCharts now has Forex!

Welcome back, Zulu-traders.

Don't know how many of you folks are stock traders also, but if you are, you should check out the free, real-time streaming charts in Free Stock Charts from Worden Brothers. I've been a Worden customer since the 1980's and have been a long time user of TeleChart and more recently StockFinder.

Anyway, in the past year, they re-rendered their Stockfinder interface into a Web-based product using Microsoft Silverlight technology. Silverlight delivers PC-like application performance through a Web-browser once you install the Silverlight run-time. Also Wordens have gone to a web-based model where the core product is free (with ads) and subscribers to their Stockfinder or TeleChart get the product without ads.

Some of you might be thinking the last thing you need is another charting program. I currently use E-signal for real-time stock quotes (with charting) and for Forex, I used Powercharts from http://www.dailyfx.com. But I sometimes use Free Stock Charts intra-day so I can just hit the spacebar and rifle through a watch list of the IBD 100 looking for breakouts. End-of-day I use Stockfinder which is more fully-featured but with end-of-day data only.

Now that Free Stock Charts has Forex, I can create a watch list of my favorite currency pairs and rifle through that list with the spacebar looking for interesting patterns. Much better then Powercharts from DailyFX which was a few mouse clicks just to change pairs!

So give it a try - you might get something out of it - and you can't beat the price.

Happy trading.
Posted by at

5 comments:

  1. JTOctober 8, 2009 at 10:24 AM

    I use daily FX as well, and I like it quite a bit. I will try out the Free Stock Charts as I like to play with GE stock in my 401k and need something better than Big Charts.

    ReplyDelete
  2. Declan FallonOctober 8, 2009 at 3:58 PM

    At Zignals there is a wide range of Silverlight services with FX data including FX charts, FX alerts, and Portfolio Manager with no hidden costs.

    DJF

    ReplyDelete
  3. C. SmithOctober 8, 2009 at 6:07 PM

    JT - Thanks for the feedback.

    Try clicking on current list item in the upper left-hand corner. Then click the Component Tab and select Dow Jones 30. Next, pick a timeframe using the timeframe pulldown.

    Now you can press the spacebar and rifle through the DJ-30 a minute or so. Using this type of scan, I was able to buy the breakout in KO back on 9/14 at 52.

    So its not so much the charting, its the organization features of the product. You can repeat the same exercise for the DJ-15, DJ-20, Nasdaq 100, etc, etc.

    All the best and happy charting..

    ReplyDelete
  4. C. SmithOctober 8, 2009 at 6:23 PM

    Declan-

    Thanks for the info regarding Zignals. Looks like an entirely new platform for market analysis, portfolio management etc.

    Having taken a quick look though, i'm unclear on who is behind this. Is it a bank, broker or what? There are many low-cost stock and forex brokers that give me all this plus low commissions (IBRK, TRAD).

    So I would appreciate any insight you can offer interms of what is the underlying business model.

    All the best,

    http://zulumon.blogspot.com/

    ReplyDelete
  5. Declan FallonOctober 20, 2009 at 5:40 AM

    Hi Tcxmon,

    Irish Tech start-up, so no broker or financial 'house' behind it. Data from IDC, BATS and Xignite (switching to IDC for Forex to get intraday data).
    Major upgrade due soon with publisher/subscriber business model.

    Existing services remain free. Any other questions send them to declan-at-zignals.com

    Thanks,
    Declan

    ReplyDelete

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)