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Thread: Volume

  1. #1
    Specialist Member marc's Avatar

    Volume !!!

    When I started to learn about technical analysis I remember reading somewhere that volume-indicators don't work in currency trading – as a limited volume actually doesn't exist (or something like that ... can't recall exactly) ... and I believe, when you put volume on a currency chart at freestockcharts you get a flat line ...

    So, what's actually up with that? ... and why does it work in MT4?

  2. #2
    Junior Member
    Volume in MT4 is just e tick counter not a really volume indicator!

  3. #3
    Specialist Member marc's Avatar
    Quote Originally Posted by jojofra View Post
    Volume in MT4 is just e tick counter not a really volume indicator!
    Aha, ok ... thanks for the explanation!

  4. #4
    Legendry Member willyw's Avatar
    Its hard to accumulate volume in forex trading because trading is not centralised unlike centralized trading like stocks, indices and futures where trading takes place in a centralized location which is the trading exchange in which volume is accurate.

  5. #5
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by willyw View Post
    Its hard to accumulate volume in forex trading because trading is not centralised unlike centralized trading like stocks, indices and futures where trading takes place in a centralized location which is the trading exchange in which volume is accurate.
    Yeah, people trade money all over teh world all the time in dozens of different ways that are not tracked in the way that stocks and options are.

  6. #6
    Legendry Member willyw's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Yeah, people trade money all over teh world all the time in dozens of different ways that are not tracked in the way that stocks and options are.
    Yes, exactly.

  7. #7
    Veteran Member hchandra's Avatar
    Volume used mostly in stock trading, there is "level II" and there is technique named VSA (Volume spread analysis)
    with this technique Pro traders use tick chart with volume monitored, when they see irregularity in price and volume movement,
    they will know someone "cornering" the market and will act.

    I don't see volume analysis in currency market as effective as in stock market, because its really hard to corner the market
    but VSA get their place in any instruments as its all about demand and supply, someone who know everyone hands can act freely to knock down weak hand and drive little player bankrupt while cooperating with others who know the hand too.

  8. #8
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Michael Hodges View Post
    Yeah, people trade money all over teh world all the time in dozens of different ways that are not tracked in the way that stocks and options are.
    and that is not even considering the fact that most forex is a spot position and not really a physical one,

  9. #9
    Legendry Member Michael Hodges's Avatar
    anybody out there using volume as part of their analysis? And I mean simple volume or even a volume based indicator?

  10. #10
    Legendry Member willyw's Avatar
    Quote Originally Posted by Michael Hodges View Post
    anybody out there using volume as part of their analysis? And I mean simple volume or even a volume based indicator?
    Can try MFI, Money flow Indicator

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