jezza888
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Volume
Curiosity etching away at me....
Foreign exchange has no global exchange and therefore no accurate volume can be measured.
This chart from Metatrader4 using Interbank feed shows volume.
Both the break to new highs and NFP show surges in volume.
Where does it come from? Is it a relation to 'Interbanks' volumes alone? Is it meaningless and just rises because, obviously, volume would increase around these times? If it is completely meaningless, why do they have it?
Can something really be derived from one feeds volume analysis alone or should it be plunged into the depths and forgotten forever?
Curiosity etching away at me....
Foreign exchange has no global exchange and therefore no accurate volume can be measured.
This chart from Metatrader4 using Interbank feed shows volume.
Both the break to new highs and NFP show surges in volume.
Where does it come from? Is it a relation to 'Interbanks' volumes alone? Is it meaningless and just rises because, obviously, volume would increase around these times? If it is completely meaningless, why do they have it?
Can something really be derived from one feeds volume analysis alone or should it be plunged into the depths and forgotten forever?