is there a thread (or video) about reading and understanding graphs and what to look for by way of an entry point into the scalping market? I find candles really confusing for instance, but would like to get a handle on them. What is the best kind of graph to use for this kind of trading?
I noticed that when there's a lot of green bar activity - which i presume is people backing a horse and the line is moving upward then the price seems to shorten.
Its hard to know as a novice what to look for before getting involved..
cheers guys
Rolla
Reading Charts Quierie from Newbie
Hi Rolla
If you're scalping, I wouldn't use the candlestick charts - They're only useful if you're swing trading.
Also, have a look at the 'riskometer' (I don't know if that's its proper term!) - click on the icon that looks like a car speedometer. If you're scalping, you might want to focus on lower risk markets, as they're less volatile.
Jeff
If you're scalping, I wouldn't use the candlestick charts - They're only useful if you're swing trading.
Also, have a look at the 'riskometer' (I don't know if that's its proper term!) - click on the icon that looks like a car speedometer. If you're scalping, you might want to focus on lower risk markets, as they're less volatile.
Jeff
kingrolla wrote:is there a thread (or video) about reading and understanding graphs and what to look for by way of an entry point into the scalping market?