The number of deals on every instrument reflects the statistics of Forex traders’ performance on every currency pair. An increasingly numerous trades on a currency pair mean rising interest in it, a greater trading volume and possible abrupt movements in the closest time. Fewer trades on a currency pair mean a smaller trading volume and a rising possibility of a weak sideways movement. And on the contrary, in some cases a small trading volume can cause high volatility of a currency pair. Yet, basically, a trading volume (the number of trades on a currency pair) directly depends on subsequent volatility.
This indicator can be employed as the most precise one to show a trading volume for a currency instrument on Forex.
In InstaForex MetaTrader terminal this type of statistics is displayed in the form of XXYYYYYYY symbol, where XX has the following meanings:
To display the symbol, right-click the Market Watch window in MetaTrader, the trading platform MetaTrader 4 by InstaForex, and choose “Show all” in the drop-down menu.
