Forex Trading Chart – How to Read and Use It Like a Pro
If you’re new to forex, one of the first things you’ll notice is a screen full of candles, lines, and numbers moving up and down. That’s the forex trading chart, and trust me — it’s not as complicated as it looks. Understanding how to read and use forex charts is one of the most important skills for any trader. It’s like your GPS in the forex world — without it, you’re just guessing. In this post, I’ll walk you through: What a forex chart is The different types of charts How to read price movement Simple chart patterns to watch for Tools you can use for better trades Let’s break it all down in simple terms. --- 💹 What Is a Forex Trading Chart? A forex chart is a visual representation of a currency pair’s price movement over time. It shows you how the price of, say, EUR/USD or GBP/JPY has changed — whether it’s rising, falling, or ranging. You can choose different timeframes: 1 minute (M1) 5 minutes (M5) 15 minutes (M15) 1 hour (H1) 4 hours (H4) Daily (D1) Weekly or monthly...