I've never really given much thought to the use of volume in forex trading. I once began looking into it, but was quickly discouraged by the fact that the volume shown on forex trading platforms was only the volume for your broker, rather than for the entire market. Does this make volume redundant as a tool for forex traders? Or is the volume seen by your broker representative of the volume within the entire market?
EDIT: I've just downloaded MT4 from a second broker, and seems that the volume given by one broker is not always representative of the volume seen by other brokers. See the image below, as an example.
EDIT: I've just downloaded MT4 from a second broker, and seems that the volume given by one broker is not always representative of the volume seen by other brokers. See the image below, as an example.