"Understanding the conditions of high prices, low and closing for a period of time can make you understand what is happening in the foreign exchange market "
on learning forex section 3 we will try to recognize some of the terms of a forex chart ie open, high, low and close.
OPEN, HIGH, LOW CLOSE
you should know that in forex trading known 3 types of graphs or graph for analysis are line charts, bar charts and candlestick charts. Of the three types of graphs respectively provide data for analysis by the merchant, so that operators can make decisions from data provided by the table. The data provided by the table, it is
High The record for the highest price at the opening (open) at the end (closing) a period of time (example: the period table / time frame 5 minutes, then the highest price that occurred during the 5 minutes was a high price)
low Lowest price record at the opening (open) at the end (closing) period. (Example: on the graph / daily calendar period, the lowest price that occurred during the day, it is a low price)
Open period opening price. (Example: the period table / time frame 5 minutes, the price starts at a price of 2.0000 then the open price in the range of 5 minutes, it is 2.0000.)
Close The period during closing. (Example: the period of graphic / 5 minute delay in the example above ends with the price of 2.0050 then the price close to the order of 5 minutes is 2.0050.)
If poured into a candlestick, then the position of the Open, High, Low and close like this:
knowing the parts of a chart specifically table and candlestick charts bars, we hope you can use the data from each of the sections to be used as a component in the decision to buy or sell.
