Broker Volume - Question

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 .)

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.

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

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 ?

I don't know if we are talking about the same thing:




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