Forex Brokers Trading Volume for Major Pairs
Currency pairs with the highest volume tend to have better volatility and liquidity, making them the standard in managing various trading strategies. But if we take a look at each broker, which one has the best volume for EUR/USD, GBP/USD, and USD/JPY trading?
How are cent account trading volumes compared to the standard one?
With a cent account, you have access to a minimum trading volume of 0.01 lots which is equivalent to 0.0001 lots or $10. For a standard account, this minimum trading volume of 0.01 lots would be equivalent to $1000.
- Cent Account:
- Minimum trading volume: 0.01 lots
- Value per lot: $0.0001 (or equivalent to 0.01 lots)
- Therefore, the minimum trading volume value in dollars: 0.01 lots * $0.0001/lot = $0.0001
- Standard Account:
- Minimum trading volume: 0.01 lots
- Value per lot: $100 (or equivalent to 0.01 lots)
- Therefore, the minimum trading volume value in dollars: 0.01 lots * $100/lot = $1
Continue Reading at How Does a Cent Account Work?
How to plan an exit scalping strategy with volume indicator?
We can target 10-20 pips profit and 5-8 pips loss. The following picture explains the scenario of opening a long position around the upper range with a 12-pip profit target and a 5-pip stop loss level.
Continue Reading at Easy Scalping with Volume and Price Action Analysis
What are the keys to successfully use volume indicator for scalping?
- You can use a trailing stop to lock profit, but make sure that it is supported by signals from the volume indicator.
- Avoid entering the market at least 30 minutes before and after a high-impact news release.
- Make sure to try the strategy in a demo account first.
- You can use more indicators if it's proven that the strategy gives many false signals in your backtesting and forward testing.
- Stay away from choppy price movements.
- This strategy works in major pairs.
- When volume bars slow down, it doesn't usually indicate a pullback.
Continue Reading at Easy Scalping with Volume and Price Action Analysis
Is it worth using volume indicator in forex trading?
Yes, it is. Despite its shortcomings, volume indicator does exist in forex trading and not all traders ignore it completely. Many said that what appears in the forex volume indicator is the tick volume calculated by how much the price ticks up or down in a candlestick. That's why volume bars usually reflect the strength displayed by the price on the chart.
Continue Reading at Easy Scalping with Volume and Price Action Analysis
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