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Re: efx group
From what I understand, forex does not provide volume (true volume) because of the decentralized marketplace. If you get volume, then it might be incomplete or not true representation of the entire picture of all the transactions that go on. Maybe Buk and Tex can clear this up as they have been trading forex longer than I have (many times over), I'm just starting out and from research it's what I understood.
EC because it's traded in an exchange, all volume is recorded there, so if volume is paramount for your strategy, then you might be better off with EC rather than forex itself. I'm just more comfortable with forex now than ever, even without volume. One thing that comforts me is that no one see true volume (except banks that see their own clients' order flow, but their own clients only and not the entire marketplace) so we're almost at level playing field. For the moment, without volume, I'm doing ok, it comes down to price action and a few indicators suffice for now.
Of course, all this yapping from me can be wrong. What do I know? I'm just a newbie.
Last edited by torero; 01-28-2007 at 05:45 AM.
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