How do you read a price chart?

The quick buttons are 1m 5m 15m 1h 4h 1D. More sit in the menu: 3m, 30m, 2h, 6h, 12h, 1W and 1M. A 1h candle holds the same price action as sixty 1m candles; it just hides the detail.

The range buttons, 1D 5D 1M 3M 6M 1Y 5Y, set how much history you see. Use a long range on 1D to find the big levels, and a short range on 15m to see today’s moves clearly.

Higher timeframes are slower and cleaner. Lower ones show more noise: a move that looks dramatic on 1m is often a small wick on 1h.

1. 1D. Is price rising, falling or moving sideways? Mark the clear highs and lows of the last few months.
2. 4h. Where is price now relative to those levels: near one, or in the middle?
3. 1h. What is the structure between the levels: higher lows, lower highs, or a range?
4. 15m. Only now look for an entry, and for the price that would prove the idea wrong. That is your stop.

Ask the same questions every time, in the same order. A fixed routine stops one exciting candle from deciding the trade for you.

The MyFundedCapital Terminal runs in the browser on a computer and on a phone. On a phone the layout has four tabs: Chart, Trade, Positions and Markets. On a computer you can build layouts with up to 8 charts, for example the same symbol on 1D, 1h and 15m side by side.

Two tools help you learn. Replay lets you go back through history and practise reading candles without knowing what comes next. Chart snapshot saves the picture of a setup for your journal.

A chart only becomes a trade once you know the cost. When you add a stop loss in the ticket, it appears on the chart as a line marked Ticket SL … planned. You see the stop against the candles, not just as a number.

On a $10,000 1-Step Challenge account, the daily loss limit is 5%, or $500. If the planned stop line sits so far away that one trade would use a large part of that, the setup is too wide for your size: reduce the volume or skip it.

How do you use charts and timeframes in MyFundedCapital Terminal?

The chart shows live candles on 13 timeframes from one minute to one month, with SMA, EMA, VWAP, Bollinger Bands, RSI, MACD and volume. Trend lines, rays and Fibonacci levels you draw stay for your next session.

• Timeframes. Thirteen, from one minute to one month. The quick switches include 1m, 15m, 1h, 4h and 1D.
• Indicators. SMA, EMA, VWAP, Bollinger Bands, RSI, MACD and volume, among others.
• Drawing tools. Trend lines, rays, Fibonacci, patterns, shapes and text. They are saved for your next session.
• Economic calendar. In the terminal header, next to your limits.

On 1-Step Challenge, 2-Step Challenge and Instant Funded accounts the watchlist holds major forex pairs (EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, EURJPY, GBPJPY and EURGBP), gold and silver, and Bitcoin, Ether and Solana.

Open an instrument’s details in the terminal before you trade it. They show its contract size, leverage, commission, swap and trading hours. Your account is in US dollars: on pairs quoted in another currency, such as USDJPY or EURGBP, the terminal converts profit, loss and your limits at the live rate, using the side of the rate that is not in your favour.

1. 1D. Decide the direction you are willing to trade and draw the levels that matter. Because drawings are saved, you do this once and adjust it.
2. 4h or 1h. Look at the structure between those levels: is price trending, ranging or stuck at one of them?
3. 15m. Find the entry and the place where the idea is wrong. That distance is your stop.
4. 1m. Use it only to time the order, not to change your mind about the trade.

Check the economic calendar before step three. A high-impact release in the next few minutes can make a clean setup a coin flip, and your program’s news rule applies around those releases.

Pick a small set and keep it. One moving average, such as an EMA, shows direction. RSI or MACD shows momentum. VWAP is a useful intraday reference for where most volume traded. Bollinger Bands show when volatility is unusually tight or wide. Two or three of these on one chart are plenty; more lines rarely add information and often add doubt.

Use the same set on every timeframe you check, so a signal means the same thing wherever you see it. If you trail stops by ATR, look at the typical range of the symbol on your entry timeframe first; a trail tighter than one normal candle tends to close good trades on noise.

The Report shows your account curve, a calendar, tags and MAE / MFE for every trade. Use MAE, how far a trade went against you, to check whether your stops are too tight or too loose. Use MFE, how far it went in your favour, to see whether your take profits leave too much behind. Tag each trade by setup and the Report shows which ones actually work for you. Review it once a week, on a day you are not trading, so the numbers guide the next week instead of the last trade.