Hi guys,
I think we have all heard the debate of volume in forex.
1. Tick volume is the same as forex volume (shown in some studies), therefore, volume can be useful BUT
2. If you compare ANY brokers in tradingview (OANDA, FXCM, PEPPERSTONE, etc), they ALL show different volume data.
So.... is forex volume really reliable and accurate? I know some traders use futures volume, but again, can it really be useful since it shows a minority of the total volume? Can it really show the whole picture?
I think we have all heard the debate of volume in forex.
1. Tick volume is the same as forex volume (shown in some studies), therefore, volume can be useful BUT
2. If you compare ANY brokers in tradingview (OANDA, FXCM, PEPPERSTONE, etc), they ALL show different volume data.
So.... is forex volume really reliable and accurate? I know some traders use futures volume, but again, can it really be useful since it shows a minority of the total volume? Can it really show the whole picture?