Volumes in success trading forex

By: Huzefa HamidFor a currency to be traded and for its price to move from one level to another, volume is required. Or put another way, volume is the gas in the tank of the trading machine. However, volume has often been overlooked in the study of Forex charts. Without a doubt, the Swiss National Bank (SNB) decision in January 2015 to stop supporting the Swiss Franc (CHF) was the biggest event of success in forex trading volumes. It shook the market and left Alpari UK filing for bankruptcy and FXCM scrambling for a bailout to survive.

It took two more years for FXCM to finally lose its US license and withdraw from the US market by selling its client base to Gain Capital in February 2017. While the SNB event had major consequences for retail forex brokers, there were other long term trends that also fkrex to the big changes in volumes at major brokers. Support or resistance areas come at previous highs and lows (that is why stock and indexes develop trading ranges, they bounce off previous highs and lows).

I will show you how price and volume react to previous highs and lows and why price pushes through or reverses at these points.Previous highs and sucdess in a stock or Index define current support and resistance areas. A Previous high or low in a stock or index is called a swing. I draw a horizontal trend line from the previous swing high or low to see at what price support or resistance will come in at in the future.

These previous swing highs and lows are places where decisions are to be made for buy or sell orders. How to Trade the Markets Understanding VolumeVolume is the only truly leading indicator. This insight will give you the ability to trade with confidence.This success in forex trading volumes powerful indicator performs over three hundred calculations per bar and provides the foundation stone of the Hawkeye suite trafing tools and methodology.How Vol.

Success in forex trading volumes

Success in forex trading volumes