These impatient traders make perfect momentum traders because they wait for the market to have enough strength to push a currency in the desired direction and piggyback on ttading momentum in the hope of an extension move. However, once the move forex trading definition 15 minute charts signs of losing strength, an impatient momentum trader will also be the first to jump ship. IgnoredSpread makes short period trading costly.
Shorter periods usually have smaller take profit targets but your spread is fixed. Thus as a percentage of profits your costs go up quite a lot. Day traders are commonly trading 5 minute charts to defknition short term trends which allows them to stay on top of theirThe close on the 5-minute bar gives insight into the immediate market direction of trend for a stock. When a stock closes at the low or high of the 5-minute bar, there is often a short-term breather where the stock will go in the opposite direction.
The psychology behind this is that the stock has been pushed to an extreme as other active traders chase the price trend. This breather can mark a major reversal, but in the majority of cases.
Forex definition charts 15 trading minute