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Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Candle Arena needs the height to show a chart and your trade at the same time. Landscape on a phone is not supported yet.
Each candle here covers 5 minutes. Price climbed from 40.00 to 42.00, then slid back to 40.00. Traders can aim to profit from either move.
Buying first is called going long. Here you buy at 40.00 and later sell at 42.00. A long profits when price rises.
Buy 40.00 · Sell 42.00 · +2.00 a share
Selling first is called going short. Here you sell at 42.00 and later buy back at 40.00. A short profits when price falls.
Sell 42.00 · Buy back 40.00 · +2.00 a share
You borrow them from your broker, the firm you trade through, and sell at 42.00. Later you buy the same number back and return them.
Say you sold short at 40.00 instead. Price climbed to 42.00. Buying back now costs more than you sold for, so you lose the gap.
Sell 40.00 · Buy back 42.00 · -2.00 a share
Price can keep rising past 42.00, and the short's loss grows with it. A long bought at 40.00 can lose at most the 40.00 it paid.
Both use the same two prices, 40.00 and 42.00, in opposite order. This works the same on 1-minute, daily or monthly candles.
You sell short at 41.50 and buy back at 40.50. What happened?