Hello all,
I have a question about "volume" of MT4. Does volume of MT4 show the tick volume of the whole forex market or only the tick volume at the retail broker where the MT4 is resided ?
If it only shows the tick volume at the retail broker, then all volume analysis based on tick volume of MT4 is useless because the major price movers are big institutions. Big institutions trade at inter-bank platforms instead of retail brokers. And their trading behavior is significantly different from that of retail traders. Tick volume at retail brokers is not indicative of tick volume of big institutions.
I have a question about "volume" of MT4. Does volume of MT4 show the tick volume of the whole forex market or only the tick volume at the retail broker where the MT4 is resided ?
If it only shows the tick volume at the retail broker, then all volume analysis based on tick volume of MT4 is useless because the major price movers are big institutions. Big institutions trade at inter-bank platforms instead of retail brokers. And their trading behavior is significantly different from that of retail traders. Tick volume at retail brokers is not indicative of tick volume of big institutions.