Live Forex Charts

MGForex WebCharts v1.0

This free, simple yet powerful browser-based forex charts software provides traders with access to currency movements.





Charts software

The Charts software gives traders a comprehensive view of the Foreign Exchange market.

FX Charts Tutorials

Charts software Tutorial Outlines the basic premises of technical analysis while highlighting some of the tools that have been created exclusively for MG clients. Of paramount importance is the fundamental knowledge of the various pillars of technical analysis and their application to your trading strategies.   [read more...]

A Closer Look at the Trend Indicators The indicators offered by MG can be divided into two main groups: Trend Indicators and Oscillator Indicators. Trend indicators aim to predict the general market direction using various tools like price patterns, support & resistance levels, trendlines, and moving averages.   [read more...]

Oscillator Indicators Part I Oscillator Indicators can be used in conjunction with the trend indicators by alerting the trader of short-term market 'extremes,' commonly referred to as overbought and oversold conditions. MG offers a mix of simple indicators like Momentum and Rate of Change, with more advanced indicators such as the Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), and Stochastics.   [read more...]

Oscillator Indicators Part II The Charts software offers a mix of oscillator indicators such as the Momentum and Rate of Change, while also offering more sophisticated indicators such as the Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), and Stochastics.   [read more...]

Directional Movement Index (DMI) The Directional Movement Index (DMI) helps to determine the trend presence in the market. It consists of a total of three lines: Average Directional Movement Index (ADX) line, which is plotted between 0 to 100, the positive Directional Index (+DI) and the negative Directional Index (-DI) line. + DI measures the upward (positive) movement and the -DI measures the downward (negative) movement in a currency pair.  [read more...]