I recently began watching a few of the Forex markets. The market which stood out the most was the EUR/DKK (Euro/Danish Krone) I viewed this market on a daily and weekly chart from Barchart.com and Trade Navigator from Genesis. I’ve attached them to this email. Both data providers show the EUR/DKK to have the most unique personality of a market that I’ve ever seen. When looking at either timeframe, its a very tight channel that only has very smooth movement. Almost like a winding trading channel that cannot be broken out of for more than a day, before it comes right back. It almost looks like a Tick or Ticki chart. I then downloaded software from CMC, OANDA and a few others, to view the EUR/DKK. The market makers charts of EUR/DKK did not look like the same market compared to Navigators and Barcharts. Its a huge difference. I would have attached the market makers pictures as well, but I don’t know how to save their charts. Are the Navigator and Barchart prices real at the daily high and low extremes? I would greatly appreciate anybodys wisdom on this matter. Thank-you
Joshua
Are you sure that you’re not looking at Futures Currency prices instead of Forex Interbank prices?
I looked at EFX’s charts and they don’t look that smooth, either.
As for Market Makers, since their prices are artificial, each broker’s chart will display a little differently.
I think the charts you have are Futures, not actual Forex.
Terry
Thanks for answering this for me. Trade Navigator has it listed in the Forex column. And their symbol begins with a ‘$’ , which I believe they put in front of all of there cash markets. Does the Danish Krone or Euro have a futures contract? If so, do you think the two charts show a daily spread of the two futures contracts? Thanks again for helping. Joshua
I know the Euro has a Futures contract. I don’t know about the other.
I’d say your charts are Futures charts.
Terry
Hi Joshua
I think that charts you mentioned are for fx currency pairs, not for futures, but it is provided by BarCharts, and BCs fx data provider is DDF. And DDF is not fx broker, nor their primary focus is forex market. So the point is, that data they provide may not be as precise as data provided directly by market makers (retail brokers) or real rates on interbank market. So it’s better to focus on charts provided by broker you plan to trade with, and same stands for backtesting…
Enjoy trading and have a nice day! 
That clears it up. Thanks so much.
Thanks for the info. Now I know why there was such a difference.
Terry
I am glad you have cleared this one up. I saw it too but did not really know what I was looking at so I did not post - not wanting to look stupid :o
But where do you live, Joshua? Why do you wish to trade an exotic? The pip spread on these is horrendous.
Would you not be better with a “run of the mill” broker and then trade the 4 majors…USD/EUR USD/JPY USD/GBP USD/CHF ??