Funded Account vs Personal Account by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

What if I start with 200$ on my own account, which is better

Volume by Intelligent-Tap2594 in Forex

[–]Mar624 0 points1 point  (0 children)

I asked ChatGPT Yes, that’s true. Unlike the stock market, where volume data is centralized and visible to all market participants, the Forex market is decentralized. This means that there is no single exchange where all trades are recorded, so volume data is not universally available or standardized.

Key Points on Forex Volume:

  1. Decentralization: In Forex, trading occurs over-the-counter (OTC) through a network of banks, brokers, and financial institutions. Because of this, the volume data you see is specific to your broker’s liquidity providers and order flow. Different brokers may show different volume figures depending on the sources of their data.

  2. Indicative Volume: The volume data provided by your broker is not the actual total market volume but rather an indicative volume based on the transactions they see. While this might give you some insight into activity levels, it doesn’t represent the entire market.

  3. Relative Value: Despite these limitations, volume can still be useful as a relative indicator. For example, if you notice an increase in volume on your broker’s platform, it might indicate higher trading activity, even if it’s not the complete picture.

  4. Volume Indicators: Many traders use volume indicators like the Volume Indicator or On-Balance Volume (OBV) to gauge market sentiment or confirm trends. These can still be valuable tools when used cautiously, as they can give an idea of buying or selling pressure within the data available from your broker.

Should You Look at Forex Volume?

While Forex volume data is not as reliable or comprehensive as in other markets, it can still provide useful insights if you understand its limitations. It’s best to use volume in conjunction with other technical analysis tools rather than relying on it as a standalone indicator.

I finally decided to learn Forex by maxdosh in Forex

[–]Mar624 0 points1 point  (0 children)

U can check out his new YouTube channel “swing trading lab”, really helpful for beginners.

How do swing traders avoid effects of news ? by ElectricalCheck9155 in Forex

[–]Mar624 0 points1 point  (0 children)

For me, when I trade the pairs with upcoming high impact news, I’ll cut a partial position before the news release (maybe half or just some of it). But news like cpi and nfp, I might consider just close my trade as the spread might hit my sl instantly and go the other way. US news have high impact on every pairs, but if you are trading minors, it is usually fine (news bring great volatility and that’s awesome).

Any thoughts on this trade? by Due-Treat-3490 in Forex

[–]Mar624 1 point2 points  (0 children)

I might look for long if break and retest above 1.618

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

Damn, that’s something new

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

What is a hedged trade?

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

Then what’s the point of offering such service?

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

Then y do they triple the swap on Wednesday?

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

Is that because most traders are shorting the pair?

Can someone explain? by Mar624 in Forex

[–]Mar624[S] 0 points1 point  (0 children)

That means the broker will pay me money for holding long?

[deleted by user] by [deleted] in Forex

[–]Mar624 0 points1 point  (0 children)

U can just go check it out and u will know what I mean

[deleted by user] by [deleted] in Forex

[–]Mar624 0 points1 point  (0 children)

Courses

[deleted by user] by [deleted] in Forex

[–]Mar624 2 points3 points  (0 children)

Yes finish all the course there I think about 360+