Trade Intervals
The chart software will list, for each interval, an open price, a low price, a high price and a close price. The open price is the price at the beginning of the period. The low price is the lowest price achieved during the period while the high price is the highest price achieved during the period. The close price is simply the last price achieved during the period.
You can choose the time interval that you would like to trade under. Possibilities are: 1 minute, 5 minutes, 15 minutes, 30 minutes, 60 minutes, 4 hours, daily and week.
The larger the time interval is, the wider the price movement will be. For example, you should expect to see a higher price gain from a trade entered using daily charts than you would normally see when using 15 minutes charts. The daily chart based trade may take weeks or even months to run its course On the other hand, the 30 minutes charts will have higher profits then the 15 minutes charts. However, you can get more profits in trading more trades using the 15 minutes charts.
No comments:
Post a Comment