What is a Forex Chart? A forex chart shows the price movements of a currency pair over time.

Types of Charts. There are three types of charts for prices; a line chart, a bar chart, and a candlestick chart. Each presents price information using a different method.

Examples of Candlestick Patterns. Examples of candlestick patterns are; bullish engulfing, bearish engulfing, and Doji patterns. Candlestick patterns can help in making predictions about price.

Step-by-Step How to Read a Forex Chart. First is to identify the currency pair, and second is to identify a time frame. Third is to identify the trend and the last step is to identify the pattern.

Tips for Beginners. Use a demo account, keep it simple, and look at the chart once a day.