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August 10 2013

FAQ: Volume indicator for forex markets?

Q: Volume indicator for forex markets?

Hello, i trade forex markets and i want to find an indicator similar to “volume” which i use when i trade commodities because this indicator is very critical in my trading disicions. Can someone help?

goldsenze.com Answer:

Hi buddy,

due to the decentralized nature of forex, there is no real volume. The best volume you can get is only your broker’s.

Do read my article on what forex is at my forex learning blog to understand more.

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May 27 2013

Is there a Forex Trading indicator that shows “in real time” how many pairs are being traded? – goldsenze.com

FAQ: Is there a Forex Trading indicator that shows “in real time” how many pairs are being traded?

Is it possible for one to manipulate the price of a currency pair by selling or buying a huge amount? I don’t want to buy a huge lot and the price goes down because my own trade made it go down. I don’t want my own trade to change the price trend because if I buy more than is actually being traded on the market, it more likely will go in the opposite direction I want it to go.

www.goldsenze.com Answer:

If you are placing your trades with a market maker, then large trades may have a significant impact. If on the other hand you are placing trades with a broker that is operating STP unless your trades are unusually large they will likely cause little impact.

Since the forex market has no central exchange, there really is no way to know accurately how many or what pairs are being traded globally at any given moment.

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  2. Q&A: How many currency pairs should be traded at one time.? – goldsenze
  3. Q&A: Would you use a forex broker that charges 1 pip fixed on all forex pairs?
  4. Question: ECN Broker vs Forex Market Maker – What’s the Main Difference between ECN Forex Brokers & Market Makers? – goldsenze
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