what does each candlestick mean on a forex trading chart

for a beginner how would you explain what candlesticks mean on a chart?

S
@sandy20 - 1 year ago

It will depend on the timeframe on which you are viewing the charts, this is very important.

For example if you are viewing the charts on a 5 Minute time frame, then every candlestick represents 5 minutes of price movement, etc.

M
@melody_nk - 1 year ago
Quoted - sandy20

It will depend on the timeframe on which you are viewing the charts, this is very important.

For example if you are viewing the charts on a 5 Minute time frame, then every candlestick represents 5 minutes of price movement, etc.

Just like Sandy has said, the candlestick is a representation of the timeframe which you are analyzing the charts through. Set it to 1 hour time frame and each candle will show you the past opening and closing price for every 1 hour that passed.

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