Friday, June 12, 2009
Realtime Forex Charts on Josh Tam Forex
Realtime Forex charts are very important for a lot of traders as they provide market data tick by tick. Realtime charts that update instantly are very valuable especially to traders who are scalpers and they need only a slight movement to profit.
To me, realtime charts are important but not as important as Forex scalpers. But nonetheless, I found an embedable realtime chart and I put it right here on Josh Tam Forex! The chart can be found on the realtime forex charts page. They are even customizable, so you can view data from different timeframes, ranging from 1 minute to 1 month, and that is awesome. And the realtime chart is done using AJAX, not Java or Flash, so any modern web browser should be able to load them fine.
Today, I ended my USDCAD trade with a loss of 100pips because the candlesticks show that USDCAD trend is likely to end, so I decided that it would be better to pay 100 pips than to pay 1000 pips when USDCAD goes up. Canadian Dollars are a bit shaky recently. However, I locked into GBPUSD 600+pips and AUDUSD 130+pips. If they hit the stop loss, then I still win, but I’m hoping that they will ride on.
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