How to Read Forex Candles Like a Pro (Beginner’s Guide to Candlestick Trading)
๐ How to Read Forex Candles Like a Pro (Beginner’s Guide) If you’re new to forex trading, one of the most important skills you must learn is how to read candlestick charts. Every successful trader understands candles because they tell the real story of the market — who is winning between buyers and sellers. In this guide, you’ll learn how to read candles easily and start analyzing the market like a professional. ๐ What is a Candlestick? A candlestick shows the movement of price within a specific time (for example, 1 minute, 5 minutes, or 15 minutes). Each candle gives you four key pieces of information: Open price Close price Highest price Lowest price ๐ข Bullish vs Bearish Candles ๐ข Bullish Candle (Green) Price moved up Open = bottom Close = top ๐ Buyers are in control ๐ด Bearish Candle (Red) Price moved down Open = top Close = bottom ๐ Sellers are in control ๐ง Understanding Candle Parts Each candle has two main parts: 1. Body This is the thick part of the candle ๐ Shows t...