well, there have been quite a few discussions about volume in forex.
Let's say normally you don't have good volume info about the forex market, that's why I never used it. However, as mktspace mentioned, it can apparently be used in the fxmarket.
Let's say I am still not very convinced that volume gives me an extra edge here. But I am also constantly learning, so maybe in a few months you will see me use volume only, haha. Also, I know volume is not an indicator, but it certainly looks like one. And I had such bad experiences with indicators that I don't want to go back that path.
So, I think there are some people who use volume quite successfully in the fxmarket, but I am just not one of them
hope that answers your question
cheers
Let's say normally you don't have good volume info about the forex market, that's why I never used it. However, as mktspace mentioned, it can apparently be used in the fxmarket.
Let's say I am still not very convinced that volume gives me an extra edge here. But I am also constantly learning, so maybe in a few months you will see me use volume only, haha. Also, I know volume is not an indicator, but it certainly looks like one. And I had such bad experiences with indicators that I don't want to go back that path.
So, I think there are some people who use volume quite successfully in the fxmarket, but I am just not one of them
hope that answers your question
cheers
DislikedThank you Custos for sharing. I appreciate it.
I learn a lot from reading your postings.
But I have a question, do you look at the volume before entering a position. I learn in stock trading that the volume is important.
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