Does anyone know in order to move the forex market 1 pip, (say on EURUSD with a retail broker), how much volume would need to go in at a specific price point?
To contrast with the stock market, if we look at a thinly traded stock, buying a few hundred shares may be enough to move the stock up a penny.
How does it work with forex?
There is so much volume traded intra-daily on the Forex Market that no 1 person can move the market…even a pip. Banks controlling hundreds of millions might have a better chance…definitely not the average trader.
Might have trade penny stocks if you’re looking to make the market…
Something worth looking at…FxRebates (www.FxRebates.com). They offer rebates on your trades paid monthly and they’re partnered with about 10 brokers now.
Best of luck to you..