Market conditions and costs
Volume in forex
Currency trading has no single central volume figure, so charts show tick counts.
Definition
How the thing is defined. There is nothing to test.
A statement of how the data works.
What it is
Tick volume counts price updates from one data provider. It correlates with real activity, and it is one provider's count, not the market's.
What it suggests
Volume-based ideas in currencies rest on a proxy.
How to check it
Note which provider the volume comes from before relying on it.
Common mistakes
- Treating tick volume like exchange volume.
Related lessons
Written in our own words. Education only, not financial advice.