Although fundamental analysis formed the basis of trading decisions for many years, today most traders rely far more heavily on technical analysis and this means that they must also have the ability to read Forex charts. There are several different price charts available to traders but they all essentially convey information about Forex prices for a specific time period which can range from just a matter of minutes to many years. Charts can be plotted in different formats ranging from simple line charts to more complex candlestick charts, plotting price variations for particular time intervals.