Bitcoin Forum

Economy => Trading Discussion => Topic started by: gre123 on April 27, 2020, 03:02:45 PM



Title: Forex question
Post by: gre123 on April 27, 2020, 03:02:45 PM
how much do forex prices change in a day, percentagewise ?


Title: Re: Forex question
Post by: mk4 on April 27, 2020, 03:09:45 PM
I mean, have you tried actually looking at the charts yourself instead of asking here immediately? https://www.investing.com/charts/forex-charts


Title: Re: Forex question
Post by: jackg on April 27, 2020, 03:20:50 PM
This is something no one can answer, a stock could drop by 100% if the company goes bankrupt (/insolvant). Overall, stock markets recently have proven that they can fall by 30%+ in a day so this is something difficult to give an andwer for. I'd instead look into AVERAGES and probably further than a day to potentially a week, a month or for long term trading... a year.


Title: Re: Forex question
Post by: enhu on April 27, 2020, 03:57:37 PM
how much do forex prices change in a day, percentagewise ?


It varies to which the currency is paired. Currency prices don't fluctuate a lot in FOREX since this is a regulated market. Don't expect that a drop of USD means few cents but the prices there has 4 decimals which only these 4 digitals are moving faster every day. The pips are less than a cent but using leverage will greatly impact your loss and profits.

Profits or loss don't mean a percentage-wise drop or spikes of prices.


Title: Re: Forex question
Post by: gre123 on April 27, 2020, 05:15:55 PM
I mean, have you tried actually looking at the charts yourself instead of asking here immediately? https://www.investing.com/charts/forex-charts
i had just placed a trade and i was in panic so i needed an immediate answer, and i have looked at the price charts actually and i have looked a lot at them but i want to know the average change in percentage..
I can only hope my post hasnt caused you any trouble anyway...

how much do forex prices change in a day, percentagewise ?


It varies to which the currency is paired. Currency prices don't fluctuate a lot in FOREX since this is a regulated market. Don't expect that a drop of USD means few cents but the prices there has 4 decimals which only these 4 digitals are moving faster every day. The pips are less than a cent but using leverage will greatly impact your loss and profits.

Profits or loss don't mean a percentage-wise drop or spikes of prices.
hey dude thanks a lot for actually and clearly answering my question..


Title: Re: Forex question
Post by: gre123 on April 27, 2020, 07:39:18 PM
how much do forex prices change in a day, percentagewise ?


It varies to which the currency is paired. Currency prices don't fluctuate a lot in FOREX since this is a regulated market. Don't expect that a drop of USD means few cents but the prices there has 4 decimals which only these 4 digitals are moving faster every day. The pips are less than a cent but using leverage will greatly impact your loss and profits.

Profits or loss don't mean a percentage-wise drop or spikes of prices.
oh i was wondering what has been the highest percent youve ever seen on a day, if you remember?


Title: Re: Forex question
Post by: milewilda on April 27, 2020, 08:28:31 PM
how much do forex prices change in a day, percentagewise ?

Not that much if you do compare it on crypto market. It moves 0.10% - 0.50% usually thats why some people jumped on this market because of volatility aspect.
You can read up more here in similar question https://www.quora.com/What-are-daily-percentage-changes-in-forex You can see some response which are worth to read on.
Im also a forex trader but what interest me to switch into crypto is i do love the waves that happening on here.lol


Title: Re: Forex question
Post by: gre123 on April 27, 2020, 08:54:54 PM
ohh i see, very informative
im a newbie so i try to stay away from trading crypto, as i did previously and got into some trouble because of the volatility