Each candlestick on a chart represents a specific period of time, such as one day or one hour, which traders can view on their forex trading platform or currency trading platform. The candlestick has a rectangular body and two lines called wicks or shadows, which extend from the top and bottom of the body. The body of the candlestick is typically colored, with different colors indicating whether the price of the asset went up or down during that period.

By using candlestick charts on their forex trading platform or currency trading platform, traders can identify patterns and potential price movements. For example, a series of consecutive green candlesticks may indicate an uptrend on their forex trading platform or currency trading platform, while a series of consecutive red candlesticks may indicate a downtrend.