Is it possible for one to manipulate the price of a currency pair by selling or buying a huge amount? I don’t want to buy a huge lot and the price goes down because my own trade made it go down. I don’t want my own trade to change the price trend because if I buy more than is actually being traded on the market, it more likely will go in the opposite direction I want it to go.
Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random
Related posts:
- Is the daily amount of traded stocks a good indicator of a future crash?
- how does on balance volume in forex trading work as an indicator?
- a hedging strategy for forex?
- How to trade stocks using Price as an indicator?
- what is the main indicator for forex trading?
- In forex trading, which indicator works the best?
- Where can I find a download for Ultra Trend indicator or something similar for Forex trading?
- What is Best Forex Indicator?
- need a opinion on a forex strategy?
- For all you stock or forex traders out there………?
If you are placing your trades with a market maker, then large trades may have a significant impact. If on the other hand you are placing trades with a broker that is operating STP unless your trades are unusually large they will likely cause little impact.
Since the forex market has no central exchange, there really is no way to know accurately how many or what pairs are being traded globally at any given moment.