Hello,
Just curious as to what a tick represents on forex.
If on other markets, a tick represents a transaction of a buyer match a seller, how does it work in forex when there is no central exchange?
If millions of people are buying and selling all over the world, do all of these transactions at that price and at that time get combined to make one tick? And the volume of the trade at that price represents the combined mob rather than just one buyer and sellers purchase or sale at that price?
I'm confused
I dowloaded 6 years of oanda tick data and am wondering why there is only one tick every second or so.
Any insight into the nature of ticks would be appreciated.
Just curious as to what a tick represents on forex.
If on other markets, a tick represents a transaction of a buyer match a seller, how does it work in forex when there is no central exchange?
If millions of people are buying and selling all over the world, do all of these transactions at that price and at that time get combined to make one tick? And the volume of the trade at that price represents the combined mob rather than just one buyer and sellers purchase or sale at that price?
I'm confused
I dowloaded 6 years of oanda tick data and am wondering why there is only one tick every second or so.
Any insight into the nature of ticks would be appreciated.