Reading and Understanding charts is perhaps the most important foundation that you need to trade the markets successfully. Many traders think that just looking at a price chart tells them everything they need to know when they actually do not understand what they are looking at.

There are line charts, bar charts and candlestick charts and each of these charts can be used for different time frames from 1 minute charts to 1 month charts. Do you know what the difference is how why you should understand which time frames to use for your trading and how different time frames can give you a better understanding of how an asset is performing.

In order to apply or use technical analysis you must use a chart. To find entry and exit prices and monitor price movement you need to use a chart