Forex Factory Live Charts
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The estimated trading volume of the foreign exchange (Forex) market stands at $6.6 trillion, a figure that exceeds even the volume traded across all stock markets. That is one of the primary reasons why the profit-seekers are flocking to Forex day after day. But the statistics have it that the overwhelming majority of traders are losing money. Forex Factory Live Charts

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VWAP stands for the volume-weighted average price – it’s an indicator that we deem to be superior to many other charting tools because it takes into account both the trading volume and the price of a currency. Best Broker For Metatrader 4

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The indicator’s other significant feature is that it’s often used as a guiding landmark for big market players like institutions and pension funds, whereas retail traders often disregard VWAP when devising the intraday Forex trading strategy while focusing on popular indicators that often lead them astray. Make Money Trading Options

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But remember that it should be included in the currency trading strategy only for a single day of trading as it reboots every day prior to the market open, so avoid building the mid-term, and especially long-term trading strategies on Forex, on the basis of VWAP showings. Live Forex Trading For Beginners

The EUR/USD chart above provides an example of how the Forex strategy that incorporates VWAP can be applied. According to this trading strategy, you should make the first sell at 1.2175 and keep on selling if 9MA dives below VWAP, a move that is called the VWAP cross.

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