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A day trader may utilize.

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A day trader may utilize a one-minute forex chart to exchange any number of currency pairs. The accompanying chart is a one-minute chart of the USD/CAD, which shows the fluctuating exchange rate between the U.S. dollar and the Canadian dollar. While another price bar or light is created every moment, during that moment the price on the left pivot shows the current bid price. Each finished bar or light shows the open, high, low, and close price for that one-minute time span.

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To choose the right trading strategy, traders need to consider various factors such as account size, leverage, risk and money management, and level of experience. FX traders often don't fit into one category or have multiple accounts for different trading styles. In the beginning, it's always good to experiment, but before you jump into the major forex trading strategies, you should master one first.

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