Some Questions from the 1st Grade lesson

I am learning the 1st grade lesson and I have some questions which need your help to have answers.

[B]1. Every Candlestick represents its single day status?
2. The term “Open” and “Close” imply the time the Currency Market opens and closes, is it correct?
3. Size of bodies shows how strong buying or selling activity is. Is it correct?[/B]
Thank you very much for your help.

Hi asianboy

Answer Q1

  1. Every Candlestick represents its single day status?
    Each candlestick represents the timeframe of the chart you are in. ie 1 minute, 5 minute…1 day, 1 week etc.

Answer Q2

  1. The term “Open” and “Close” imply the time the Currency Market opens and closes, is it correct?

The terms open & close refer to that time frame, a candlestick should consist of 4 parts open, close, high & low.
NB The currency market is open 24hrs a day.

Answer Q3

  1. Size of bodies shows how strong buying or selling activity is. Is it correct?
    Correct the longer the solid body of the candlestick appears the more bullish or bearish it is.

:wishes: