There are different time frames available in Forex Trading. The MetaTrader Software has these time frames: 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week and one month.
Each time frame could be represented by ONE candlestick. For instance if we are trading in a 1 hour chart we will have a higher price (in this hour), a lower price (in this hour), an open price (in this hour) and a close price (in this hour). It applies for all the different Time Frames. The time frame is just a perspective used to see different behaviors in a currency pair, but all the additional functions available in the MetaTrader (Indicators, Currencies, Orders, etc) are applied exactly in the same way in all the time frames.
You should be asking about which time frame to use? There is no a general answer to this question, the answer depends on your trading technique. The trading technique is determined by your budget and your Risk Aversion Coefficient. The budget is the initial amount of money you are ready to invest in your Currency Trading. The risk aversion coefficient, using the concept created by Arrow-Debreu, is the reluctance of a trader to accept a deal with an uncertain payoff rather than another deal with a more certain but lower payoff.
Each trader has a preferred time frame and they use one longer and one shorter than this one, for instance if a trader prefers a 1 hour chart, he use the 30 Minutes and the 4 Hours charts because the same technical indicators could give different signals across different time frames.
The personal abilities of each trader will ultimately determine how to create his personal trading technique. There are no two identical trading techniques in the entire world and it is not something that you create in one day.
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