I'm fairly new at this and still practicing on demo.I know that forex volume is not centralized, but what does the "volume" plotted on Metatrader represent?
Is is only the volume traded in the market of the broker's liquidity providers? Or is it something else?
If indeed is only partial volume, do you usually take it into consideration when placing a (discretionary) trade or prefer to ignore it because it does not reflect the whole market?
Is is only the volume traded in the market of the broker's liquidity providers? Or is it something else?
If indeed is only partial volume, do you usually take it into consideration when placing a (discretionary) trade or prefer to ignore it because it does not reflect the whole market?