In the context of forex trading, Turnover refers to the total volume of trades that are executed in a given period of time, such as a day, a week, or a month. It can also refer to the total value of all trades that are executed in a given period of time.Turnover can be used to gauge the level of activity in the forex market and can provide insight into market trends and sentiment. A high turnover rate may indicate a high level of trading activity and market liquidity, while a low turnover rate may indicate a lack of market interest or a lack of trading opportunities.Forex traders and market analysts often pay attention to turnover figures when analyzing market conditions and making trading decisions. They can use turnover data to identify potential trading opportunities, to assess market sentiment, and to evaluate the performance of different currency pairs and trading strategies.Forex brokers and financial institutions also use turnover figures to measure the performance and profitability of their trading operations, and to compare their performance with that of their competitors.It's important to note that, turnover is not the only metric to gauge the market conditions, traders should look at other indicators as well such as volatility, economic data releases and geopolitical events to make a better trading decision.
