We are pleased to present Doo Prime’s October 2024 trading volume report, which reflects a strong month of trading activity and solid performance across our platform.
October Trading Volume Overview 2024
- Total Trading Volume: USD 176.84 billion
- Most Popular Products: XAU/USD, EUR/USD, USD/JPY
- XAU/USD saw the highest trading volume.
- XAU/USD saw the highest increase, an increase of 48.76%.
According to the report, Doo Prime’s total trading volume in October 2024 is valued at USD 176.84 billion, a rise of 37.44% from the previous month. Furthermore, October’s average daily volume (ADV) is USD 5.70 billion, an increase of 33.01% from September.
Due to the uncertainties caused by the US presidential election, the increased tension in the Middle East, and the Federal Reserve’s (Fed) unknown future on rate cuts, investors’ risk aversion had risen. This has caused a surge in gold investment, breaking records in the month of October.
In addition, European Central banks followed in the Fed’s footsteps to cut rates in October, causing the stock market to surge, attracting the investors’ attention, and pushing the trading activities to a new height.
Compared to September, Doo Prime’s ADV has increased in October, causing the overall trading volume to rise. Year to date, Doo Prime’s total trading volume is valued at USD 1160.10 billion, an expansion of 48.1% as compared to the same period last year.
According to the recorded data, XAU/USD, EUR/USD, and USD/JPY were the investors’ top picks, contributing 93.54% of October’s total trading volume.
Besides, XAU/USD also has the largest growth in the monthly trading volume, an increase of 48.76% as compared to September.
As an ever-growing online broker, we continue to demonstrate strong momentum in trading volume. With our seamless trading platform, well-established industry partnerships, and experienced technical team, we are committed to always providing the best trading experience.
Risk Disclosure
Securities, Futures, CFDs and other financial products involve high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding your initial investment could incur within a short period of time.
Please make sure you fully understand the risks of trading with the respective financial instrument before engaging in any transactions with us. You should seek independent professional advice if you do not understand the risks explained herein.
Disclaimer
This information contained in this blog is for general reference only and is not intended as investment advice, a recommendation, an offer, or an invitation to buy or sell any financial instruments. It does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance. Doo Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and accept no liability for any losses or damages resulting from its use or from any investments made based on it.
