Day by day the popularity of Forex market is steadily increasing. At present, there are no people left who don’t know what it is and how to earn on it. However, trading is rather complicated process: only 10% of traders, entering Forex market, work and really earn. All failures of newbies consist in their unwillingness to learn all the niceties of Forex trading, and this causes loss of all invested funds. Strong influx of traders was noticed when brokers gave an opportunity to trade at mini trading accounts. Forex statistics is extremely useful thing for people who trade at the international Forex market as well as for people who are interested in processes occurred in the world economy. Forex statistics includes such indicators as economic situation in a country, important facts of the business world, industries development data, currency indexes.
In order to distribute investments rationally transnational corporations and large banks use Forex statistics. Traders and brokers exploit Forex statistics to be able to orient in the market situation and make proper decision on purchasing a currency.
Forex statistics helps trader to monitor the currency rates changes during a long period of time and, moreover, Forex statistics can also clarify the reasons which influence the market.
At present moment, each trader can use market statistics of trades at Forex market which they find at the universal portal for traders MT5.com. Current trends of the market are presented in the section “Market inside”. Trader can visually consider all movements inside the market in whole and of certain its segments. The information provided in this section will be useful for traders who evolve a trading strategy on the principals of fundamental analysis. Constantly referring to this section you will be able to give advance notice of market movement due to the information about its fundamental changes to some directions. At the page “Market inside” trader will find the fullest information about: number of deals by the currency pairs, summary positions, trades volume, number of pending orders, pending sells and pending buys and volume weighted entry point.
Added by Evgeny Staroviborny,
InstaForex Development manager
This entry was posted on Friday, March 5th, 2010 at 19:21 and is filed under Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.