FOREX Basics - MIN MAX OPEN CLOSE

Beginner Questions
1

Hi All

noob here. Of these terms MIN MAX OPEN CLOSE, which is the buy (alt the sellers sell price) and which is the sell.

Cheers

Sam

2

The answer is … None of them, or all of them, or anywhere inbetween… :stuck_out_tongue:

They are just the Opening (Starting) price of the item, the Closing (ending) price, and then the highest (max) and lowest (min) prices it went to.

So for example… in the 5 min chart, for the specific 5 minute time frame the price might of started at 5.00 (open), but then went as high as 5.50 (max), then dropped to 4.25 (min), and then settled at the price of 4.75 (close) for that 5 min time frame. At any particular point in that 5 min someone could buy and sell within those range of prices.

Hope that clears it up.