Volume data junkies will get a big kick out of this FF technical analysis news item that just came out
:
Why does Forex Volume Data Change Everything?
To wit:
"Unlike in centrally-traded and cleared markets such as Equities and Futures, forex trading does not trade in any single exchange. That means that there is likewise no single place for volume data, and as such we have historically been unable to use important volume indicators on our FX charts. Why might we view FXCM data as a proxy for such figures?
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. It reported retail customer volume worth $263 billion in May, 2014 and an average of $12.0 billion daily. And though this represents a tiny fraction of the $5.3 trillion in daily FX turnover reported by the Bank of International Settlements as of October, 2013, it captures a non-negligible share of Retail FX trader volume. "
(bolded emphasis is mine.)
"Non-negligible" is debatable, although 263 billion in a month seems like a good monthly sample size.
Oh well, to each his own.

Why does Forex Volume Data Change Everything?
To wit:
"Unlike in centrally-traded and cleared markets such as Equities and Futures, forex trading does not trade in any single exchange. That means that there is likewise no single place for volume data, and as such we have historically been unable to use important volume indicators on our FX charts. Why might we view FXCM data as a proxy for such figures?
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. It reported retail customer volume worth $263 billion in May, 2014 and an average of $12.0 billion daily. And though this represents a tiny fraction of the $5.3 trillion in daily FX turnover reported by the Bank of International Settlements as of October, 2013, it captures a non-negligible share of Retail FX trader volume. "
(bolded emphasis is mine.)
"Non-negligible" is debatable, although 263 billion in a month seems like a good monthly sample size.
Oh well, to each his own.

I'm not trying to convince anyone. I'm not in the "convincing" business.