Master the fundamentals of reading forex charts: timeframes, candlesticks, and chart types.
Foundation lesson
Choose the right timeframe for your trading style
Understand OHLC data and candlestick structure
Compare candlestick, line, and bar charts
Hands-on practice with real chart examples
EURUSD • 1h
Can you spot the horizontal zones where price bounced multiple times? Use the drawing tool to mark them.
💡 Hint: Look for places where candles reversed 2+ times at similar price levels
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Timeframes determine how much time each candlestick represents. Choosing the right timeframe is crucial for your trading strategy and analysis.
Scalping, very short-term entries
Day trading, quick momentum plays
Intraday analysis, short-term trends
Swing trading, trend confirmation
Position trading, major trend analysis
Long-term analysis, major support/resistance
Macro trends, long-term positioning
Each candlestick contains four pieces of price information (OHLC). Understanding this data is essential for reading market sentiment and making trading decisions.
Price when the period started
Highest price during the period
Lowest price during the period
Price when the period ended
Shows open, high, low, close with visual bodies and wicks
Technical analysis and pattern trading
Simple line connecting closing prices
Trend analysis and support/resistance
Vertical bars showing OHLC data
Professional analysis and backtesting
Choose timeframes that match your trading style. Day traders use 1m-15m, swing traders use 1h-4h, position traders use daily-weekly.
Every candlestick tells a story. Green = buyers won, Red = sellers won. The size of bodies and wicks shows the strength of the move.
Pro Tip: Spend at least 10 minutes practicing with real charts before moving to the next lesson. Hands-on experience is crucial for developing chart reading skills.
