Course › Level 2 — How traders read a chart
Putting it together: a 60-second chart read
You now have a complete beginner's read. Run it on any chart, always in this order:
- D1: trend up, down or sideways? (10 seconds, look at the shape)
- H1: same question. Does it agree with D1?
- Levels: mark the 2–3 obvious floors/ceilings on H1
- Where is price NOW? At a level → interesting. Mid-range → walk away.
- Structure intact? If the trend's pattern of highs/lows is broken, stand aside.
Trend + level + intact structure = a situation worth considering.
Anything less = no trade. Most of the time the answer is no trade — that's normal, and it's the discipline that separates the 30% who survive.
Try it right now: open your MT5 demo, pick Volatility 75, and run the five steps. Do this daily for a week and charts stop looking like noise.
Need the demo account to practise on? It's free →Quick check
Price is mid-range on a sideways market. What's the trade?