Quote:
Originally Posted by Carnegie Hi guys,
I have been reading allot of Darkstars posts and found this order flow stuff very interesting.
So I have been looking around the net for Order flow info and just found things about "tape reading" and level 2 orderbooks etc but here is my take on it:
Since the FX market is OTC, there is no "center" orderbook or whatever I should call it. What we have is FXCMs orderbook, OANDAs orderbook etc. which wont help at all because no big banks or big indivduals trade their order thru these small retail brokers.
Now, the second thing is that... |
There is a central aggregation service that provides a live global order book view for integration into any platform. We've used the data for scalping/arbitrage and liquidity analysis.