Every candle shows four values:
1) Open price
2) Close price
3) Highest price
4) Lowest price
If candle is filled or green that means that during specified time frame currency rate raised.
If candle is empty or red that means that during specified time frame currency rate lowered.
Every candle represents specified time frame. It could be any, from 1 minute to 1 month.
It is very important what time frame you choose for trading. Basic rule read as follows, the higher time frame you choose for your candlestick chart, the better your technical analysis would be. Chart types like day ones clears up all the noise from the chart. For example if one big bank would buy a lot of currency just because of its needs then it doesn't mean that something serious happened on forex. Maybe it needs to pay some syndicated bank credit and thats all. With day charts you won't need to focus on such useless movements.
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