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#BinanceSpot To read the currency trading chart, you should look at several key elements:
Price and Time Axis: The horizontal axis represents time, and the vertical axis represents price.
Exchange Rate - Pips: Pips express minor changes in prices.
Chart Types: Line, bar, and Japanese candlesticks.
Time Frames: Determining the time period for analysis.
To determine whether the market is rising or falling, pay attention to:
Trends: Upward trends show rising peaks and troughs, and downward trends show descending peaks and troughs.
Patterns: Such as triangles that indicate the continuation or change of a trend.
Indicators: Like moving averages that help identify the overall trend.
Itâs also important to follow economic and political news as they affect market movements.
#BinanceSpot