Volume does not exist in Metatrader?

Beginner Questions
1

is this true?
only ticks per minute?

so Accum Dist indicator is invalid correct?

2

Trading platforms display whatever the broker feeds into them.

It’s about the broker, not the platform.

If you’re trading spot/CFD, that’s obviously a decentralized market so the only “volume” (or “tick-count”) any broker can supply is the volume (or tick-count) of their own other customers - which can’t realistically be of much - if any - value to anyone’s trading decisions.

The reason for all of that, of course, is that if you’re “trading” spot/CFD, you’re not actually trading at all: you’re betting against a counterparty on the price-movements of the counterparty’s own product: your “trade” isn’t in a market at all, and no currencies change hands. This is true even of “STP,” and “ECN” and “NDD” brokers, too, though they often pretend otherwise in the (realistic!) hope that at least some of their customers are naïve enough to believe that they’re not just betting against a counterparty but are actually “trading”.

“Invalid” regarding the actual volumes transacted in any real market, yes. Including any indicator that depends on either volume or tick-count.

Many aspects of information supplied by spot/CFD brokers, and the ways they’re used and displayed, are invalid.

We are betting, not trading.

There’s nothing wrong with that, at all, but it helps not to imagine that it’s real trading when it isn’t.

And a Happy New Year to you, eurgbp. :sunglasses:

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3

what metatrader broker is legit then? none then?

4

What do you mean by “legit”? In my opinion many are. Especially those regulated by proper regulators who keep them “legit,” such as FCA, ASIC, etc.

But even so, don’t imagine, when using them for spot/CFD forex, that you’re actually trading in a real market and that currencies are trading hands each time you enter a trade. That’s completely mistaken!

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5

you are a bit of a buzz kill depressing, cheer up

6

Lol, you thought no brokers were legit, and I’m reassuring you that many are, but I’m the buzz-kill? :sweat_smile:

Same to you, and a very Happy New Year, too! :+1:

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