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How to Read Candlestick Charts

2:32 · 9 chapters · Forex basics, part 6

What you'll learn

Read any candlestick in under 3 minutes: body, wicks, timeframes, and the doji, hammer and engulfing patterns.

Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.

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Key point 1: Body = open to close; wicks = high and low
Key point 2: One candle = one period: hour, four hours or a day
Key point 3: Doji: indecision
Key point 4: Hammer: buyers pushed back after a fall
Key point 5: Bullish engulfing: buyers took control

Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.

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The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.