Hi, I have a simple question, maybe:
I read on the web about tick or volume charts being used for forextrading - but it doesnt make any sense to me, since the forex market is an OTC market, which means: no one knows - minute by minute - how many trades go through. And if a tick chart is made up of the trades that are being executed in a market - then how can they make any sense at all? If they are based on your brokers volme - then it would seem ridiculous to me - any broker is only a fraction of the market (except Deutsche Bank, of course).. So - does DB offer tick charts?
Which chart types are the best for forextraders, then?
Range charts?
Renko charts?
Time charts?
Others?
I read on the web about tick or volume charts being used for forextrading - but it doesnt make any sense to me, since the forex market is an OTC market, which means: no one knows - minute by minute - how many trades go through. And if a tick chart is made up of the trades that are being executed in a market - then how can they make any sense at all? If they are based on your brokers volme - then it would seem ridiculous to me - any broker is only a fraction of the market (except Deutsche Bank, of course).. So - does DB offer tick charts?
Which chart types are the best for forextraders, then?
Range charts?
Renko charts?
Time charts?
Others?