Hey Everyone,
I thought I would throw something out to everybody. One factor that seems to be missing in most Forex analysis is volume (how much money is being traded?). A few brokers such as IBFX on MT4 offer the volume being traded for a currency, but what does it represent and what kind of units is it in. Is it reliable or not?
In the stock market volume is a major issue, so why isn't it a major issue here? Are we all missing something or are the banks just not putting it out there so as to not give up an edge or is it just hard to compile all the numbers because its a worldwide thing?
Also, if you are using volume in your trading analysis, offer up some advice if you like as there seems to be a definite lack of discussion on this factor.
Many thanks for all your words,
GirlFlyer
I thought I would throw something out to everybody. One factor that seems to be missing in most Forex analysis is volume (how much money is being traded?). A few brokers such as IBFX on MT4 offer the volume being traded for a currency, but what does it represent and what kind of units is it in. Is it reliable or not?
In the stock market volume is a major issue, so why isn't it a major issue here? Are we all missing something or are the banks just not putting it out there so as to not give up an edge or is it just hard to compile all the numbers because its a worldwide thing?
Also, if you are using volume in your trading analysis, offer up some advice if you like as there seems to be a definite lack of discussion on this factor.
Many thanks for all your words,
GirlFlyer