Ok-ey, i have been wondering about this for a while… decided to ask for clarification.
Normally i see only tick volumes provided by brokers, but Alpari (broker) MT5 has option to show “real volumes” instead of tick volumes. I have seen in countless places stated that forex unlike futures isn’t centred and so brokers provide only tick volume…
Q: Those real volumes… are they really, really real?
It appears that it is real, but limited to the actual traded @ your broker. FX market is decentralized and there is no real volume that reflects the real volume on the whole market. The segments in the fx market do not communicate or hardly communicate.
So in short, it is not the real volume on the whole market, only at your broker. [You already mentioned this, but this is also for the other readers.]
There is probably someone who will come with a theoretical story, but this is the pragmatic one.
Nope, not really sure if only @ broker, could include ECN but that seems odd to me. But there are also multiple ECN’s, so it is still within a ‘district’. The point is is that you need to consider that it is not the volume of the whole market. I considered that if my district mostly contain european traders and they go bezerk in Asia it may not show up in real volume in MT. Therefor, as long as I can’t find certainty I am not relying ont it, just use it as a signal…
But if you have a true ECN account this is indeed not only related to your broker but to the ECN you are part of. I assumed you spoke about retail.
So, you called the broker, asked him and you doubt his answer. You doubt me for giving my answer. Wouldn’t it be easier when you give us the answer that you WANT to hear, so that I can repeat it and we can go on with our lives?
Never blindly trust anyone. Besides, I didn’t call, it was live chat and there are particular reasons that made me feel like persoan opposite me wasn’t very sure and beasides i used word ‘‘little’’. No need to ask retoric questions, anyone with a tiny bit of logics should be able to deduce what i thought the answer could be.
Well, I certainly not ment to be seen as a drama queen on such a topic… I was merely pointing out that you may be too much stuck on the answer you have in your mind that you don’t accept the answers that you receive.
In fact there I have an idea how we can get the real volume - or at least close to real - see my thread here - 301 Moved Permanently
The thing is that it will only work with big number of participants - 1000’s or even tens of 1000’s.
MT5 has proved itself to be amazing trading platforms for the forex traders. It tends to have the option of real volumes instead of having the tick volumes that help in better market understanding of the traders that leads to better decision making that could achieve profits.