Hi,
I read tick chart is bad for using with forex since you will only plot the ticks of your provider… compared for stocks for example ,where you will have ticks from entire market.
is this true ?
Is someone here using tick charts for forex ? If yes, what is the number of ticks that you are using ?
Thanks,
Brakkar
If the ticks come from the brokers interbank connection, then it’s fine to use tick charts.
Most here probably use time unit charts, simply because tick charts are harder to get access to.
Since the FX market is decentralized, a tick chart, or any other chart for that matter, will not display every price for the entire market. The data is only as good as the provider of the prices or where it is coming from.
Almost all charts will track each other closely since most of the same price providers are used by all brokers/chart providers.