How do I use the volatility analysis tool on Myforex?

Step 1

Click (1) "Use tools" shown at the top of Myforex website > (2) "Volatility analysis".

Tap (1) "Use tools" from three lines at the top left of Myforex website > (2) "Volatility analysis".

Knowledge

Volatility is the rate or range of fluctuation. In forex trading, the higher the volatility, the more opportunities there are to take advantage of price fluctuations and make a profit.

Step 2

You can show the volatility by day, hour, or day of the week. Choose one of the tabs.

Step 3

Next, choose your preferred symbol. For CFDs, click (1) Advanced search and (2) CFD as a financial instrument. Choose a (3) category to show its list of products in the Symbol section.

Next, choose your preferred symbol. For CFDs, tap (1) Advanced search and (2) CFD as a financial instrument. Choose a (3) category to show its list of products in the Symbol section.

Step 4

Select the period to analyze in the Period section. For example, choosing "3M" in the By day tab shows the volatility for the last 3 months.

On the By hour or By day of the week tabs, options have a W that stands for week (e.g., 1W means the last 1 week).

Select the period to analyze. For example, choosing "3months" in the By day tab shows the volatility for the last 3 months.

On the By hour or By day of the week tabs, options have a W that stands for week (e.g., 1W means the last 1 week).

Step 5

The chart shows the fluctuation range (pips) for the selected time period, allowing you to compare the most volatile times. Real-time fluctuations are indicated by orange bars. When you move the cursor over any bar graph, the date and volatility for that day are displayed in a small window.

You can click "Share" below the chart to post it on X (Twitter) or Facebook, or get the embed code. The embed code is available only after logging in to Myforex.

Please refer to the following article for information on how to log in.

The chart shows the fluctuation range (pips) for the selected time period, allowing you to compare the most volatile times. Real-time fluctuations are indicated by orange bars. When you move the cursor over any bar graph, the date and volatility for that day are displayed in a small window.

To share the chart with others, tap "Share" below. X (Twitter) and Facebook are available for sharing.

Please refer to the following article for information on how to log in.

Below the chart, there is a data table that contains: the time and value of the highest and lowest prices and the volatility (high - low). This data can be sorted by price, volatility, etc.

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How do I use the volatility analysis tool on Myforex?