Beginner’s Guide: How to Make Your First $40 Using 5-Minute Candlestick Charts

Many people think trading is too complicated or only for experts. But the truth is, if you can read simple candlestick patterns on a 5-minute chart, you already have the tools to make smart trading moves. These patterns give quick signals about where the price might go in the next few minutes. With practice and discipline, you can use them to make $40 a day through small, fast trades.

What Are 5-Minute Candlestick Charts?

A candlestick chart shows how price moves within a specific time frame. On a 5-minute chart, each candle represents just 5 minutes of trading activity.

A green candle means the price went up in that period.

A red candle means the price went down in that period.

By studying how candles form and connect, you can spot patterns that hint at the market’s next move.

3 Simple Patterns Every Beginner Should Know

1. Doji

A Doji looks like a cross ✚ — it forms when buyers and sellers are equal.

After a strong uptrend or downtrend, a Doji often signals a reversal.

2. Engulfing Pattern

Bullish Engulfing → A small red candle followed by a big green one. Buyers are taking control, price may rise.

Bearish Engulfing → A small green candle followed by a big red one. Sellers are stronger, price may fall.

3. Hammer

A Hammer has a small body with a long lower shadow.

It shows sellers tried to push the price down but failed, and buyers pushed it back up.

This usually signals an upcoming rise in price.

How to Trade Using These Patterns

Pick a high-volume coin (like BTC, ETH, or SOL). High volume = stronger signals.

Watch the 5-minute chart, especially during busy hours (like when US or EU markets open).

Identify the pattern (e.g., Bullish Engulfing after a downtrend).

Enter the trade → Buy if the pattern shows strength, sell if it shows weakness.

Exit quickly → Don’t wait too long. Take small profits before the market changes

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