Do you need real time stock charts ?How to setup realtime stock charts ?Real time stock charts are important stock trading tool for every trader. They allow to monitor price development in real time.But do you need realtime stock charts ? Realtime stock charts are often set up for monitoring of intraday price development. They are very important for day trader who is opening and closing his/her trades during the same day. Also swing traders have their intraday charts set up as their trades can last also several hours or few days only. But what if you are position trader or active investor ? Then it depends. My personal opinion is that they are not absolutely necessary. For trades lasting weeks or months you probably do not need to monitor price intraday in real time. It is ok to use delayed technical stock charts. Intraday live stock charts for swing and position tradersI think that there are some exceptions when also mid term position traders could monitor intraday development.
How to setup realtime stock charts ?If you are swing trader , it can be good to setup your charts accordingly. As your main trading time frame could be 4 hours or daily, it is good to set up at least three different time frames. Like 4 hours, Daily and something smaller like 15 minutes chart. It allows you to see bigger picture and also to micromanage entry end exit with best setting for stop losses.
Esignal stock charting software intraday live stock charts exampleSwing and position traders could need check only single intra-day live stock chart when needed. The Esignal, my real time data provider, has also good stock analysis and trading software and it is possible to set up also intraday realtime stock charts there. Here is example of such single stock market price chart of intraday price development.
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