VOLUME - DailyFX Forex Forum

srh1 · #1 (**permalink**) 05-07-2009, 03:13 PM

Does anyone know how to get volume on the charts??

Volume would be a very beneficial indicator so we can sense the "strength" of a move..

Wall_St_King · #2 (**permalink**) 05-08-2009, 05:45 AM

Quote:

Originally Posted by srh1

Does anyone know how to get volume on the charts??

Volume would be a very beneficial indicator so we can sense the "strength" of a move..

Hey srh1!!!

i can see by you asking about volume, you are an equities trader?? The FX Market has over 2 Trillion close to 3 Trillion traded in volume every day as opposed in Equities, the volume traded is about 9 billion. And also FX is decentralized whereas, Stocks, you have NASDAQ, Dow Jones, etc... it will be hard to get the volume for FX. There are tons of other great indicators to use. I hope this helps!!

srh1 · #3 (**permalink**) 05-11-2009, 01:32 PM

Quote:

Originally Posted by Wall_St_King

Hey srh1!!!

i can see by you asking about volume, you are an equities trader?? The FX Market has over 2 Trillion close to 3 Trillion traded in volume every day as opposed in Equities, the volume traded is about 9 billion. And also FX is decentralized whereas, Stocks, you have NASDAQ, Dow Jones, etc... it will be hard to get the volume for FX. There are tons of other great indicators to use. I hope this helps!!

I trade the options on the equities, not the equities themselves.. I love options, I just buy calls and puts... the most I can lose is the price of the option itself, and the the gains can be many times more than the price paid for the option. So the the risk/reward is awesome. I started with forex a couple months ago and seem to be running in the mud when compared to the returns in options trading. What I do like is the no commissions and great leverage of forex.. I truly bow down to those forex traders who can turn $500 to $5,000 + in a month.. I would pay to sit down with those "true playas"... What exactly are they looking at? Time chart, indicators etc??