Oher than the CME, does anyone here trade tick volume/transaction volume or some type of volume for currencies. I'd like to hear some thoughts on this from everyone.
VT
VT
Forex Volume
- Thread starter VisionTrader
- Start date
If anyone does, I'd be most curious to know where they get the data since there's no centralized "volume" in spot forex.
I have noticed that many of the platforms do not have volume, on balance volume, or advance/decline. I'm sure the market makers have some record of the volume of buys and sells.
I can only conclude that they want to keep us in the dark as to volume because it is a good indicator of possible tops and bottoms.
By the way;
I was shocked to see the pip spreads on Oanda today Sunday Aug 14, 2005 from 3:45 pm to 5:00 pm CST. They were all 10 pips plus. To compare I opened some other platforms. I chose a few quick pairs. They broke down like this:
Strategy Builders EUR/USD 2 PIPS
EUR/GBP 4 PIPS
USD/JPY 3 PIPS
EUR/JPY 4 PIPS
FX-Solutions EUR/USD 3 PIPS
EUR/GBP 5 PIPS
USD/JPY 3 PIPS
EUR/JPY 4 PIPS
FXDD EUR/USD 2 PIPS
EUR/GBP 5 PIPS
USD/JPY 3 PIPS
EUR/JPY 5 PIPS
RGC Mini EUR/USD 5 PIPS
EUR/GBP 6 PIPS
USD/JPY 4 PIPS
EUR/JPY 11 PIPS
Oanda EUR/USD 10 PIPS
EUR/GBP 10 PIPS
USD/JPY 10 PIPS
EUR/JPY 10 PIPS
I know it is a high volitility timeframe but this is when the big swings and big profits can be made. Who wants to trade on 5 pip swings?
I can only conclude that they want to keep us in the dark as to volume because it is a good indicator of possible tops and bottoms.
By the way;
I was shocked to see the pip spreads on Oanda today Sunday Aug 14, 2005 from 3:45 pm to 5:00 pm CST. They were all 10 pips plus. To compare I opened some other platforms. I chose a few quick pairs. They broke down like this:
Strategy Builders EUR/USD 2 PIPS
EUR/GBP 4 PIPS
USD/JPY 3 PIPS
EUR/JPY 4 PIPS
FX-Solutions EUR/USD 3 PIPS
EUR/GBP 5 PIPS
USD/JPY 3 PIPS
EUR/JPY 4 PIPS
FXDD EUR/USD 2 PIPS
EUR/GBP 5 PIPS
USD/JPY 3 PIPS
EUR/JPY 5 PIPS
RGC Mini EUR/USD 5 PIPS
EUR/GBP 6 PIPS
USD/JPY 4 PIPS
EUR/JPY 11 PIPS
Oanda EUR/USD 10 PIPS
EUR/GBP 10 PIPS
USD/JPY 10 PIPS
EUR/JPY 10 PIPS
I know it is a high volitility timeframe but this is when the big swings and big profits can be made. Who wants to trade on 5 pip swings?
Oanda spreads always widen out over the "weekend", which I think they consider to run through 6pm ET on Sunday.
It's 7:45 p.m. EST. sunday night and the spreads are still at 10 +
OK. Maybe it's 8pm.
Ok, no problem....
Still, if Oanda's spreads are that wide , during periods of volitility, and stay wide for long periods, then it won't be practical to trade with Oanda's platform when U really wan't to get in on a trade.
Still, if Oanda's spreads are that wide , during periods of volitility, and stay wide for long periods, then it won't be practical to trade with Oanda's platform when U really wan't to get in on a trade.