I know that getting Forex Real Time Intraday Hourly Volume Data is very hard... Yes, but CLS-Group company does have it... they are the MONSTER SIZED company in the UK that helps settle most major Forex pair trades during the 24 hour day. So they have this hourly volume data. They use to provide it to companies to retail sell it. You use to be able to subscribe to their forex VOLUME thru Quandl but they were acquired by London Stock Exchange... LSE also later offered a subscription to this CLS data but then that was ended and is no longer available. CLS Forex Hourly Volume Data Information... < Link So I emailed CLS yesterday and they emailed back they do not sell this data to individual traders such as my low life self... Anybody else ever subscribed to this CLS data now (as a Company trader/bank/???) or did in the past years or found any OTHER source of Forex Intraday Real Volume data? Thanks... Edgey...
You can use futures data instead. It works very well for VWAP analysis. Highly recommend. The only problem is you have to learn futures and how they can be used to replicate crosses like GBP/JPY, GBP/EUR, and EUR/CHF etc. I started in FX, and then switched to other markets. Now I can trade almost any market, within reason.
yep there is - better than futures data, but it needs some legwork and a sub to Xenith. If you go that route PM me and I'll walk you through it, but not publishing it here as inevitably some twonk will package it up and sell it
CFD forex volume data is worthless / useless. I Don't trust those data. I use currency futures volume data from CME.
The CLS actual Forex trades volume data is not CFD data... CLS-Group company has regulatory & contractual agreements that allow it to help settle all the millions of Forex trades 24/7 with all the large Forex pairs each day, actual trades not CFDs. So this is why they have access to real Forex volume. But it is very costly even if you qualify for subscribing to that data. Some of the banking trading firms are paying MAJOR bucks for this data that is why they turned up their noses to me when I asked about subscribing. I agree the CME data for currency futures is ALSO a good source of volume data.
It’s impossible to get accurate volume for FX, so don’t bother looking for it. Using volume from currency futures is very inaccurate, stay away from it. Google how many trillions are traded on the Spot FX vs the open interest in currency futures, and you’ll see that the futures traders are tiny (meaningless) in comparison to spot market. FX trades differently than stocks, the big banks are forced to make large transactions, M&A, hedging, etc on every day basis, and they simply cannot fly under the radar, and you don’t need volume to see that on FX charts. Don’t use stock patterns on FX or it will drive you crazy. FX patterns / trades differently than stocks do. Learn to identify the bank order flow, and then you’ll find FX (without volume) to be more profitable than stocks (with volume).
This is wrong. Any firm or independent that clears through a prime broker can get accurate volume data and/or realtime swap/repo/fx volatility/forwards/basis/implieds ect. Eikon/Reuters and Bloomberg have it, but retail can't afford. Futures VWAP is good. Doubt you understand whole market picture because the real story includes the global sovereign debt market. All (the vast majority) of sovereign debt is denominated in domestic currencies, therefore fixed-income flows and rebalancing are all part of it. This is one of the most complicated markets, and requires knowledge from numerous and difficult disciplines (global macro, trade, GDP, etc). In my opinion, momentum, VWAP, and volatility are all necessary to make informed trades.
Keep on doubting, because the whole world (apart from few individuals like you) understands that there is no accurate volume reporting in FX FX is decentralized and fragmented market. There is no central exchange for spot FX therefore no accurate volume.