Trader Dale Volume Profile
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<strong>Volume</strong> <strong>Profile</strong><br />
I don’t really see a reason why not to use Ninja<strong>Trader</strong> platform for your analysis (apart from<br />
pure laziness). Ninja<strong>Trader</strong> is free and it is much more advanced than Metatrader. I personally<br />
do my analysis with Ninja<strong>Trader</strong> software and then execute my trades in my broker‘s trading<br />
platform.<br />
Where to get data<br />
You will also need to get a solid data feed for your <strong>Volume</strong> <strong>Profile</strong> data. Having a good volume<br />
data is essential.<br />
If you want to have as precise volume data as possible, then you need to get it from a<br />
centralized exchange. This is not a problem for stock or index traders, but it is a bit more<br />
complicated for us, forex traders. As you may already know, the forex market is decentralized.<br />
Which means that every broker has a bit different data, they can quote a bit different prices<br />
and their access to information about volumes is limited. The truth is – forex brokers will<br />
never provide you with a complete and precise information about volumes. Good news is<br />
that big brokers, like for example FXCM that I use for data feed (and for data feed only) have<br />
pretty good information about the volumes, and even though this broker covers only a part of<br />
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