I have read that the forex doesn't have any accurate market-wide volume statistics and one should stay away from any indicator that uses volume. I know that sounds obvious. But many charting packages include volume (just from their clients' orders) and also include volume indicators.
Why doesn't volume work and what other alternatives do we have to study market behaviour in terms of volume?
Why doesn't volume work and what other alternatives do we have to study market behaviour in terms of volume?