Every day across the world, millions of investors and traders use forex charts to assess price actions and historical market trends to plot potential future price trajectories. Charts are an important visual aid that can help forex traders analyze both the past and the present in the hopes of predicting a future outcome. Even if you don’t believe in the importance of historical prices in predicting future trends, advanced charting tools can be useful. The best charting tools allow you to drag and drop trade orders directly on the chart, manage your risk/reward levels, and view economic calendar events plotted into the future. The availability and usefulness of these features will of course vary depending on the provider, broker, and/or platform you are using.