Another important point to mention is that you need to be aware of the global benchmark, meaning the average for the currencies that you trade in. It is important to note that you need to review what currency you are trading with and what the average for that currency is. You can either make this up as you go along, or you can just make use of a product that has a database where you can input a currency pair and it will tell you the average exchange rate.
As far as tools are concerned, you should have the option to have any interest from one or more markets. The choice is yours to make. Most analytics providers do offer this facility, but you need to remember that there are instances when you will want to input a market rather than a specific index or other currency pair.
For example, if you wanted to enter only the Euro/Japanese market, then you would need to access all of them. If you wanted to access only the US/CHF, then you would have to choose the whole market. If you are just tracking trends, you can select one or two markets at a time, or you can even keep an eye on the list of all the currencies. There are other choices you can make, depending on your needs.
Keep in mind, though, that you need to also have the option to have your charts, which are essentially a representation of where you are in the market and what direction you are moving to. For example, if you have a US/JPY chart, it would be helpful if you had the opportunity to turn it into a Japan/US link or vice versa.
Some of the features that are not currently available include analysis of trends, a range of information from the different trading platforms, the ability to trade across the world, etc. Unfortunately, however, most of the offerings do not yet have this kind of variety. They do have a few advanced options, including support for the Forex Brokers Association'secure servers.
There are certain indicators that you will find in all of the platforms, such as Day Analysis, Price Support, Day, Price, Weekly, Monthly, and Weekly. These allow you to get a true idea of where the market is. They will even let you trade using multiple accounts, so that you can establish a separate limit trade and have it work for multiple accounts at the same time.
Other features include Day Analysis, which will show you when the next swing in the market is, and where it will happen. This may mean that you have to do some reworking of your chart to reflect these changes, but it is well worth it.
Price Support shows the current level of support and resistance for the market trend. This is especially important if you are trying to take a position, since the lower the level of support, the more likely it is that prices will move higher.
The Price Trend Line displays the recent highs and lows of price movements, and its shape may help to identify if there is a signal for another movement. Price Analysis shows a moving average, or moving average line, which is a function of price that is moving steadily upwards.
Finally, although these may not have been too useful for EUR/USD trading, the USD/CHF does have the option of having a trend line, a price support and a price resistance. It is important to know that these are likely to work better with EUR/USD, since they more closely represent the historical price, and the deviation from this is usually less severe.
In summary, we have seen that there is an analytical option available. It is up to you to decide whether you want to get them or not.