Chart Scales
Remember, how you configure a chart can make a world of difference. Try different
colors and backgrounds. A 5-minute chart for 6 hours can look much
different than a 5-minute chart for 24 hours. Trading platforms and chart services
scale the data to fit the same size window. Select a time period that works
for you and keep to it consistently. Even resizing a chart on your computer
screen can make it appear different.
In FOREX little things mean a lot—it doesn’t take much to throw a
trader off stride!
Remember, how you configure a chart can make a world of difference. Try different
colors and backgrounds. A 5-minute chart for 6 hours can look much
different than a 5-minute chart for 24 hours. Trading platforms and chart services
scale the data to fit the same size window. Select a time period that works
for you and keep to it consistently. Even resizing a chart on your computer
screen can make it appear different.
In FOREX little things mean a lot—it doesn’t take much to throw a
trader off stride!
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