What is Forex Trade ‘Volume’?
- Forex 101, Trading, Trading Knowledge
- January 8, 2021
Reading time: 7 minutes The Forex market is made up of several commercial banks, hedge funds, proprietary trading firms and individual traders. Its fragmented nature operates through electronic platforms on a twenty-four-hour basis, five days a week. Absent of a primary exchange and clearing house, measuring real-time foreign exchange volume is impossible. Unlike other financial
READ MOREReading time: 7 minutes Gone are the days where traders focused on one financial market. Retail investors trading Forex on the MetaTrader 4 (MT4) platform often monitor and trade other financial instruments, including the cryptocurrency market in the form of cryptocurrency CFDs (contracts for difference). CFDs are a derivatives product that’s readily accessible on the
READ MOREReading time: 8 minutes Although fiat currencies claim centre stage in the financial markets, the cryptocurrencies bandwagon has been calling. A cryptocurrency is a digital asset, a virtual currency liquid enough to function as money. According to CoinMarketCap at the time of writing, the total cryptocurrency market capitalisation (market cap) stands at an eye popping 730
READ MOREReading time: 8 minutes The speed at which technology is developing continues to grow, with many traders eager to embrace it. However, technology remains a mystery for large numbers of traders, and can be particularly confusing when it comes to installing external technical indicators on MetaTrader platforms. This tutorial, however, should help simplify things. MetaQuotes
READ MOREReading time: 8 minutes With a daily volume of $6.6 trillion, foreign exchange is the largest financial market in the world. Arranged as a decentralised auction house for currencies, FX trading offers unparalleled opportunities for informed traders and investors. As a Forex trader, among other things, knowing the process behind calculating profits and losses
READ MOREReading time: 6 minutes COVID-19 (coronavirus) gripped 2020 at an unparalleled pace, driving the global economy into its worst recession in decades. It’s estimated to cause global Gross Domestic Product (GDP) to contract by 4.4%. With so much uncertainty, does it not make sense to avoid financial markets and save cash at the bank, via
READ MOREReading time: 8 minutes The Forex market is a challenging arena. At times, volatility is almost stationary; other times it’s enough to take your breath away. However, there are traders and investors who still consistently manage to generate returns. Most traders/investors are knowledgeable in technical analysis but few take the time to master fundamental analysis.
READ MOREReading time: 8 minutes In Part 1, you were introduced to Purchasing Power Parity (PPP). An alternative to using PPP is Interest Rate Parity (IRP). Although a more complex concept, it’s a crucial aspect to understand to conduct Fundamental analysis. For example, assume the US Federal Reserve (Fed) announced a change in its benchmark interest
READ MOREReading time: 8 minutes Exchange rate movements are often erratic and, according to many academics, unpredictable. Throughout history, however, economists identified a number of factors to help determine the direction of exchange rates, a practice referred to as fundamental analysis. FX Trading: Fundamental Analysis Vs. Technical Analysis To trade Forex, two primary vehicles are used:
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