All you need to know about volume

What is ‘Volume’ Volume is the number of shares or contracts traded in a security or an entire market during a given period of time. For every buyer, there is a seller, and each transaction contributes to the count of total volume. That is, when buyers and sellers agree to make a transaction at a certain price, it is considered one transaction. If only five transactions occur in a day, the volume for the day is five. Volume as Indicator ‘Volume’ Volume is an important indicator in technical analysis as…

Forex Order Types

Going long, Going short, Forex Order types, and Calculating Profit & Loss • Buying and selling Buying and selling are the two basic Forex order types. The basic idea of trading the markets is to buy low and sell high or sell high and buy low. I know that probably sounds a little weird to you because you are probably thinking “how can I sell something that I don’t own?” Well, in the Forex market when you sell a currency pair you are actually buying the quote currency (the second…