5 Steps How Currency Rate History Can Change Your Forex Vision

Still considering the need of the historical currency charts for your trading demands? Check all the benefits and features of the currency rate history, and how it can serve traders over the long term.

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.

Step 1. Why do you really need the historical currency charts

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.

Step 2. Where should you search for currency rate history

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.

Sounds familiar?

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.

Step 3. Should you aim for free historical currency charts or the paid ones

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

MAIN FEATURES:

• choose your favorite among the 118 symbols;
• receive the most comprehensive amount of data from 11 brokers;
• enjoy the daily updates;
• precise results on any timeframe from M1 to W1 to fit anyone’s needs – from scalpers to long-term traders;
• take benefits from using the 1-minute data and 4 and 5-digits data;
• make your trading even more advantageous with the help of Forex tick data and floating spread data within the VIP subscription.

Step 4. Who will find each type of the currency rate history useful?

No surprise:

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.

Even more:

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 3.

Step 5. Pick your type of subscription

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.

Please note that we care about all our users, and that is why our historical currency charts is compatible with MT4 historical data.