3-5:CHIFLEY :Time period for foreign exchange novices.docx
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1、CHIFLEY :Time period for foreign exchange novicesThe Forex time period includes 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly charts. The time period listed here refers to the time it takes to draw a candlestick. This means that a new candlestick is drawn e
2、very minute in the 1-minute chart, and a new candle appears at the end of each hour in the chart. Figure, and so on.Before performing the operation, you should spend some time observing the performance of the market over different time periods. Pick only one currency pair and spend some time observi
3、ng its changes over time. When you do this, you will find some forms. Money pairs tend to be more volatile and turbulent in lower time periods. In the higher time period, many volatility is eliminated. You will soon discover that you can display one time period above another. For example, after open
4、ing a daily chart for any currency pair, you can open an hourly chart for the same currency pair. After opening the same data, you will see how the daily candlestick is made up of 24 hourly candlesticks. Similarly, the hourly chart candlestick consists of four 15-minute candlesticks, and each 15-min
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