DislikedHmm..im lost..i never look at the volume on forex before.Yes in equities market the volume is an important thing..but in forex? what is that volume indicate? is that number of transaction or also cover the size of every trade? I do notice that some--few of broker insert that indicator to their software but still cant understand the utility of that indicator.The FX market is decentralized and therefore, these volume figures aren't indicative of the crowd.Please en light me.2 centsIgnored
volume can give clues what happening within a pattern and what's going on with the war between buyer and sellers - works quite well if u know what to look for. . .
here is a simple clue. . .
if the trend it up and u see heavy volume on the dips and diminishing volume on the rallies should tell u something.
That's just one way to use it - best hidden secret in the market!
all markets are based on 3 things
1) Time
2) Price
3) Volume
That's it!
It's called trading 101 - The law of supply and demand!
Cheers!