I’m a beginner forex trader.
I paused my trading practice for a year due to Covid19.
Now I’m practising on a demo account.
I have a question…
Where and how can you find the minimum and maximum time it can take for a change in pips in either direction (rise and fall) for a particular currency pair.
Example:
EUR/USD
Pip change
1 pip : Rise (min-max time) Fall (min-max time)
10 pips : Rise (min-max time) Fall (min-max time)
100 pips : Rise (min-max time) Fall (min-max time)
1000 pips : Rise (min-max time) Fall (min-max time)
I’ve never heard of anyone collecting these statistics. I guess its possible the large hedge funds and bank trading operations have the data, but I’ve never heard of it being available, even to their clients.
Maybe ATR over different time periods would give you at least an indication?
However, don’t fall into the trap of thinking that 100 pips on EUR/USD is the same as 100 pips on USD/JPY and the same as 100 pips on every other pair - they are significantly different and you’re not comparing like with like.
Order flow moves price action, the rate of which depends on how many traders are opening and closing their trades. And whether they are buying or selling.
I suggest you focus on reading charts, instead, for directional change.
Won’t it vary from broker to broker? Depending on the customers the broker has.
We are trading on the broker’s platform and not institutional FX Market.
In such a case how can I know my broker is not doing price manipulation?
This is a trillion dollar industry. That some brokers take your trade they are opposing you would not have any effect on those millions of orders going straight into the market.