First you need to learn to be bullish on the ups and downs.
Foreign exchange traders first need to learn to be bullish on the ups and downs, which is very simple. On a Forex chart, if a trader sees a line moving upward, it means it is in an uptrend, and if it moves downward, it means it is in a downtrend. Traders also need to look at the overall trend. Traders can choose different time periods to view market trends. Common ones include 30-minute charts, 1-hour charts, 4-hour charts, daily charts, weekly charts, etc.
Forex market reading is an important part of foreign exchange investment operations. The results of the market reading affect the formulation of our investment strategies, which is related to whether we can make money.