Volumes forex Indicators

If you're looking to get an edge in the forex market, one of the best places to start is by tracking volume. By monitoring the number of contracts traded for a particular currency pair, you can get a sense of market sentiment and potential future direction.There are a few different ways to measure volume in the forex market. The most common is through the use of forex indices. These are specialised data providers that track volume data for specific currency pairs. Another way to measure volume is through the use of broker data. This is often more accurate than using an index, but it can be harder to access.Once you have access to volume data, there are a few different ways to use it to your advantage. One is to simply look at the overall level of activity for a particular currency pair. If there's been a sudden spike or drop in activity, this can be a good indicator of market sentiment. Another way to use volume data is to look at price action in relation to volume. If prices are moving higher while volumes are increasing, this is generally seen as a bullish sign. Conversely, if prices are falling while volumes are increasing, this is generally seen as a bearish sign.By tracking volumes, you can get a better sense of market activity and potential future direction. This information can be used to help you make better trading decisions and potentially improve your results.