We are pleased to present Doo Prime’s November 2024 trading volume report, which reflects a strong month of trading activity and solid performance across our platform.
November Trading Volume Overview 2024
- Total Trading Volume: USD 132.97 billion
- Most Popular Products: XAU/USD, EUR/USD, USD/JPY
- XAU/USD saw the highest trading volume.
- Hang Seng Index 2411 saw the highest increase, an increase of 170.57%.
According to the report, Doo Prime’s total trading volume in November 2024 is valued at USD 132.97 billion, a drop of 24.80% from the previous month. Furthermore, November’s average daily volume (ADV) is USD 4.43 billion, a decrease of 22.3% from October.
With the conclusion of the US presidential election in November, Donald Trump was named the president of the US, and this has caused volatility in the global financial markets.
Additionally, Trump’s announcement on the tariff plan has elevated market concerns towards the resurgence of US inflation, and there is a possibility that the Fed may readjust the interest rate cut in the future.
Due to these uncertain factors, investors have taken a “wait-and-see” approach while closely observing the Fed’s monetary policy to find hints to adjust their investment portfolio and position.
This caused the market to slow down in November, and Doo Prime’s overall trading volume declined. Year to date, Doo Prime’s total trading volume is valued at USD 1293.07 billion, an increase of 51.49% 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 to 92.72% of November’s total trading volume.
Besides, Hang Seng Index 2411 has the largest growth in the monthly trading volume, an increase of 170.57% as compared to October.
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.
