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Luc Chase says
February 7, 2017 at 7:21 am
Some platforms (such as OandA) have an option to plot the High Ask and the Low Bid on the chart, while the candle are rendered using the mid price. That way you can see the spread of the prior candles.
Murat Magzumov says
February 7, 2017 at 6:51 am
Very interesting information about FX Charts. I had no idea on these different types before. Thanks, Al.
February 5, 2017 at 11:51 pm
The discussion about the Forex charts being only approximate is important, and I applaud it’s inclusion in the course.
I found out about this the painful way. I was stopped out of a trade, and looked at the chart and didn’t see where the price hit the stop. I called the broker (a large, well-known firm based in NYC), and they explained to me what happened. I don’t remember the particulars, but I was using the default chart, which didn’t reflect the bid or ask price (can’t recall which) that led to my being stopped out. The broker directed me to their documentation, which kind of explained what was going on, and I then spent time to figure it out myself.
I suggest including more discussion or notes explaining that the user can change how the charts are displayed (easily with the platform I use), and should consider changing them as appropriate to set orders, targets and stops. It’s tricky business, and one can get confused, but I don’t know how else to address the issue.
Thanks for the opportunity to give feedback.
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