Mastering Forex Volume: How to Read Market Activity Like a Pro

 Volume quantifies the number of trades or value exchanged in the market. Think of volume as the heartbeat of trading activity.


https://www.tradewill.com/blog/detail/174

Comments

Post a Comment

Popular posts from this blog

Why Closing Trades Too Early Is Killing Your Forex Profits

Image
  Envision this: You've just made a forex trade on EUR/USD, and within minutes, you've gained a net $15. Your heart is pumping as you behold the green figures on your display. But then your mind meanders to the scary scenario of the market turning on you and your flipping those green numbers to red. So you make like a baby and walk away with your small win, your precious gain. But then, in a nail-biting turn of events, you see the currency pair move in your favour for another 100 pips. What could have been a $150 profit is now a meagre $15 gain. Does this kind of close call with a substantial loss sound familiar? You aren't by yourself. A recent talk in Reddit's trading community unveiled a bitter fact: "We all look like we're gambling from a short video like this." This feeling reverberates throughout the forex trading society, where often it's emotional decision-making that trumps strategic thinking. The hard reality? One of the most profit-k...
Read more

Forex Trendlines Explained How to Identify Trends and Make Smarter Trades

Image
  Trading forex without grasping trendlines is similar to driving without a GPS system. You may make it there eventually, but it’s likely you will get lost and take wrong turns and run out of time. Trendlines are one of the most basic concepts in a trader's toolkit, however many beginners either don't acknowledge their potential or draw them wrong. In this article, we will cover everything you need to know about forex trendlines, from the basics to advanced techniques that professional traders utilize every day of the week. What is a Trendline Simply put, a trendline is a straight line that connects consecutive highs or lows on a price chart. A good way to understand what a trendline is, is to picture drawing a line under a staircase the determine what direction the staircase is heading. These lines are used by traders to examine the overall price direction and assist them in determining the best time to enter or exit a trade. An uptrend line connects a series of highe...
Read more