Broker Volume - Question

Feb 25, 2014 at 07:41
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5 Replies
Luke256
forex_trader_155894
Member Since Oct 13, 2013   4 posts
Feb 25, 2014 at 07:41
There is a volume spread sheed in the link - the question, what answer I dont know is:

The number represents what ? Which units ?

- Milions ?
- Tens of thousands ?
- Hunderet of thousands, it is 1 lot ?


https://www.myfxbook.com/forex-broker-volume


So for example 115 means:
- 115 milions, or 115 lots, or it is 115*10 000 ???

Thx for help .)
Member Since Nov 21, 2011   1718 posts
Feb 25, 2014 at 13:04
Hi

It's a bit misleading.

Volume means in this case the number of ticks /Min

You can have a look to MT4...Ctrl+D display any chart 1Min and look at Volume Indicator.

You will notice as soon as bid is refreshing... Volume increases.
Member Since Jan 16, 2014   416 posts
Feb 25, 2014 at 21:29
As the foreign exchange market is a decentralized market I would not pay to much attention to volume. Volume information is usually shown in units. In most cases standard lots. 115 = 115 units = 115 standard lots

Regards, Alexander
Luke256
forex_trader_155894
Member Since Oct 13, 2013   4 posts
Feb 26, 2014 at 22:19
Hi, and Thx for answer, just I still dont have it..

..should I the spread-sheet read as:


--A) it is number of trades (one tick = one trade ?) per one minute
or
--B) it is real number of real volume in standard lots (100 thousands)

by the named brokers in the spread-sheet ?


The higher volume = the higher activity = the more trades and the higher number of traded lots ?
Member Since Nov 21, 2011   1718 posts
Feb 26, 2014 at 23:17
I don't know if we are talking about the same thing:




Brokers won't tell you volume (Lots) traded.

Attachments:

Luke256
forex_trader_155894
Member Since Oct 13, 2013   4 posts
Feb 27, 2014 at 18:18
CrazyTrader posted:
Brokers won't tell you volume (Lots) traded.

Ah, ok, this was what I wanted to know.
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