Learn forex charts with volume


Learn forex charts with volume


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. Volume is like the water in a hose leran, and the greater the water pressure, the more powerful the flow. So where we have a stock or forex candle with a wide body we expect to see high volume.

It takes effort to move downhill as well as up, so if you see a wide body vilume candle with low volume then you know this is a false move and you are being led into a trap by the professional traders. They are simply trapping traders into thinking prices are falling - do not be drawn learn forex charts with volume to the trap down move - prices will go back up very quickly once the market makers have shaken a few trees and bought enough stock at low prices.

Please include your IP address in your email. But for years, volume has been more or less rejected by Forex traders because it has been so hard to come by. From its low on Monday to the high today, it rallied over 300 pips.




Learn forex charts with volume

Learn forex charts with volume

Learn forex charts with volume