URICH2.com
You can earn cashback on every trade
no increased commission or spread, just the original trading cost offered by brokers
Get the best commission rebate rate with us
We are pleased to present Doo Prime’s August 2024 trading volume report, which reflects a strong month of
trading activity and solid performance across our platform.
August Trading Volume Overview 2024
Total Trading Volume: USD 156.11 billion
Most Popular Products: XAU/USD, EUR/USD, US30
XAU/USD saw the highest trading volume at USD 110.17 billion.
XAU/USD saw the highest increase, an increase of USD 15.30 billion, or 16.10%
According to the report, Doo Prime’s total trading volume in August 2024 is valued at USD 156.11 billion, an
increase of 22.01% from the previous month. Furthermore, August’s average daily volume (ADV) is USD 5.04
billion, a rise of 22.01% from July.
The financial market has been volatile in August. Due to the weak US unemployment rate triggering the Sahm
rule and Japan’s central bank interest rate hikes, the global market experienced “Black Monday” in the beginning
of August. This has caused risk aversion to rise, leading to investors seeking a safe haven in the market.
In late August, Jeremy Powell, the Fed Chairman, hinted at the interest rate cut in September, causing the market
to rally. Despite that, traders have been actively trading in the month of August, and XAU/USD continues to become
the product with the largest trading volume and highest growth.
Doo Prime continued its rally in trading volume from July and poised a rise in August. Year to date, Doo Prime’s
total trading volume is valued at USD 854.60 billion, an expansion of 35.23% as compared to the same period last
year.
According to the recorded data, XAU/USD, EUR/USD, and US30 were the investor’s top picks, contributing 87.07%
of August’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 110.17
billion; while EUR/USD and US30 have a total monthly volume of USD 25.75 billion.
Besides, XAU/USD has the largest growth in the monthly trading volume, an increase of USD 15.30 billion or 16.10%
as compared to July.
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.
Deciphering Market Structures: A Comprehensive Guide for Investors
Exploring the Benefits of Trading Simulation Software for Forex Tr
Navigating the Forex Market: A Comprehensive Guide to Trading Sign
The Art of Position Sizing: A Beginner's Guide to Trading Success
Understanding Foreign Institutional Investment (FII) and its Impac
Understanding Market Manipulation: Can Brokers Manipulate Prices?
Common Mistakes in Forex Trading: Pitfalls to Avoid for Success
Navigating the Forex Market: A Guide to Choosing the Best Forex Br
Finding the Optimal Age to Begin Forex Trading: A Comprehensive Gu
Expert Strategies for Securing Your Forex Trading Account Balance
Expert Strategies for Securing Your Forex Trading Account Balance
URICH2.com