Hello Mike, I think forex is all about learning charts and taking trades .So one must need to learn and focus on candlesticks pattern and price pattern to get good success in trading .
As long as it takes to skim over them. if you see something forming and it could be interesting, set a limit or stop order or an alert on Trading View or whatever you are using and come back when it triggers. No point in staring at it waiting as you will just question your judgement and it’s a waste of life.
Forex can not possible if we have no or less knowledge in it, We should learn it and its charts untill we feel that now we have enough knowledge and skills.
Depends on what kind of trader you are. I think the amount of time you spend on your charts should be determined by your trading style and personal schedule.
I think time is not limited when it comes to learning. I will say that you will need to spend as much as you can before you want to develop the plan in trading.
understanding charts and signals is very important from a traders point of view, as we know market is very fluctuating so charts and diagrams helps us to understand more effectively. One who is more and more keen in learning charts may spend more time depending on the interest of an individual.
For a day-traderr: as much as you can- if you sit 6 hrs. Infront of the charts and you can manage it physically just observing what’s going on at certain times and when certain things happen you realize what could happen in the future in similar situations.
As a beginner I was spending a lot of time on charts and analysis. During time, I was spending less and less time with them. So, it seems that with experience, you are spending less time on charts and more on trading.