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How To Read Forex Charts

As a Forex Trader, the first weapon you need is a price chart. Read on to learn how to read Forex charts.

There are three main types of Forex charts:

* Line charts
* Bar charts
* Candlestick charts
Each type of chart looks very different, but once you learn how to read them, it’s really very easy to understand.

First, every forex chart will have a horizontal axis and a vertical axis. The horizontal axis represents time and the vertical axis represents price.

See the chart below:

how to read forex charts

The chart above is a candlestick chart. This is the type of chart I use as a Forex Trader, and it is by far the most popular chart of choice for technical analysis.

Candlestick charts give us candlestick patterns, which give us our buy/sell signals.

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