Are these numbers on Myxfbook real?

Are they capturing all the volume traded by one broker? I was looking at IronFX, and if the numbers are real. IronFX is by no means a small broker, am I wrong about this?

Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.

savantfx posted:
Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.

thanks for your great expertise

rob559 posted:

savantfx posted:
Nope this chart from myfxbook is very misleading. These charts are just from the ticks recorded of a broker's price feed.You can hook mt4 with a price feed that changes many times over and get a higher 'volume' in this myfxbook volume recorder . In short, those are not real volumes you are looking at. This is more like the mt4 kind of volumes.

Volume of a tick differs from another tick. To understand maybe you could look at depth of market. You can have a look at ctrader DoM.

thanks for your great expertise

Glad to help my friend :)

Good on you Savantfx 😄