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The line is formed by connecting the closing prices over the time frame. Some may like for the line chart for its simplicity. However, it is lacking in showing the visual information of the trading range, such as the high, low, and opening. A plot consisting of a series of vertical lines, each representing the price range during a specified time period, each vertical line have a small horizontal line connecting on its left, indicating the opening price for that time period, and a small horizontal line connecting on its right, indicating the closing price for that time period. Example of Candlestick Chart on EURUSD Daily:. Both the Bar chart and the Candlestick chart give the same info; however, the Candlestick is easier to read. For a more detailed discussion on candlesticks and their patterns, please refer to our article Candlestick Patterns. The standard unit of time measured on a chart. In MT4 the chart time frames are M1 1 minuteM5 5 minuteForex 15 minuteM30 30 chartsH1 HourlyH4 4 HourD1 DailyW1 Weeklyand MN Monthly. The 5 minute candlestick chart means each candlestick shows the price range that occurred during 5 minutes of trading, at charts time listed on the x axis of the chart. Government Required Disclaimer — Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high forex of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY Types DESIGNED WITH THE BENEFIT OF HINDSIGHT. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. All original content on https: Reproduction or re-publication of this content is prohibited without permission. WordPress Business Press Pro Theme.
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