Had a question regarding pending order volumes:
the thesis was, that in Spot-Forex we do not have a view at open pending orders, unlike in future trading
Here my answer:
It is called Orderbook:
for example:
http://orderbookfx.com/howitworks.html
http://www.bloombergtradebook.com/tr...eign-exchange/
But keep in mind regarding pending order volume:
The Momentum is usually driven by large orders. For example during economic data releases momentum can find contrary orders or orders in the same direction of the price action that can act as trigger for a higher amplitude move.
Large market participants hide both their order size and intentions and often enter the market at the bid or ask of the price.The volume traded shows these moves and also the stop losses and take profits of these positions are shown in the order book.
Attention! A portion of the limit/ stop orders may have no intention of actually selling/ buying those contracts. Instead, that market participant or group of market participants may want to buy later and hopes that by placing that order in the order book, he will convince other traders to sell in front of his offer. Their selling could push the market price lower. If the size of the orders doesn’t change when the price gets closer to it’s execution, it is probably a true one.
the thesis was, that in Spot-Forex we do not have a view at open pending orders, unlike in future trading
Here my answer:
It is called Orderbook:
for example:
http://orderbookfx.com/howitworks.html
http://www.bloombergtradebook.com/tr...eign-exchange/
But keep in mind regarding pending order volume:
The Momentum is usually driven by large orders. For example during economic data releases momentum can find contrary orders or orders in the same direction of the price action that can act as trigger for a higher amplitude move.
Large market participants hide both their order size and intentions and often enter the market at the bid or ask of the price.The volume traded shows these moves and also the stop losses and take profits of these positions are shown in the order book.
Attention! A portion of the limit/ stop orders may have no intention of actually selling/ buying those contracts. Instead, that market participant or group of market participants may want to buy later and hopes that by placing that order in the order book, he will convince other traders to sell in front of his offer. Their selling could push the market price lower. If the size of the orders doesn’t change when the price gets closer to it’s execution, it is probably a true one.