Forex Education

Trading industry knowledge. Learn forex trading, investing in stocks, commodities.

  • Home
  • Choose a broker
  • Brokers Rating
  • Learn trading
  • Affiliate
  • Contact
  • About us
Home » Education » Finance education » Historical Time and Sales Data in Forex Trading

Historical Time and Sales Data in Forex Trading

by Fxigor

What is Forex Time and sales?

Forex Time and sales is a real-time data feed that shows the details of a particular security’s trading activities. The time and sales account show every security trade’s price, date and time, and volume. Traders use it for technical analysis. For example, the T&S account will show that a buy order for 100 shares of ABC stock was made on the NASDAQ at 12:45:52 for $78.99.

The T&S account is extraordinarily detail-oriented. Comparing it with the historical time can be compared with reading ticker tapes for an individual stock. It works in real-time. You can easily access it on a trading platform. It is displayed in the time and sales window. It appears in a tabular form on the window where the tally of trades for a particular stock runs continuously. The primary components of T&S, price, direction, volume, and date/time, are arranged in columns. The data rows are often coded in different colors. The various colors indicate if the trade has occurred on, outside, or in the bid or ask. Several trading platforms allow traders to customize the T&S display. They can add volume or price filters according to their preferences.

Historical Time and Sales Data in the Metatrader platform traders can see in the MT4 trade history section (Choose the ‘account history’ tab at the bottom and then Right-click within to choose custom dates, and save these reports to your computer if needed.)

How You Can Leverage Time and Sales Data for Your Benefits

Even if the tools are similar, every investor has a different strategy and way of using them. This is what makes all the difference. For example, some investors prepare their plan using fundamental analysis, focusing on the company’s overall value to analyze the risk involved. Others focus on technical analysis, where they focus on the price movements and trade volumes. One of the techniques involved in the technical analysis consists in reading the time and sales data.

In technical analysis, investors forecast prices using various charts and graphs based on price movements of a particular security. Time and sales data complement these charts and graphs and enable the investors to almost accurately estimate the share price movement. 

For example, investors use candlesticks and charts to see trading ranges for a particular time. These charts allow them to see the double bottom, Hikkake patterns and handle. This is in aggregate; that is, it gives a broader view, making trading riskier. When these charts are supplemented by the time and sales data, the information becomes more refined. As a result, the esters can have more detailed information about the upcoming trends of security.

Conclusion

As the time and sales data give the investors a more detail-oriented picture of the trends, they can make a more informed decision regarding their trade. Time and sales is a tricky concept for the new traders as it gives real-time feeds. It can leave them perplexed. They should start by focusing on a shorter period. See how the volume of trade, direction, and price behaves during that time. They must notice every spike or change in these components. If appropriately used, time and sales data can prove highly beneficial where stocks are traded in a large volume.

  • Author
  • Recent Posts
Fxigor
Fxigor
Trader since 2007. Currently work for several prop trading companies.
Fxigor
Latest posts by Fxigor (see all)
  • Are Trading Bots Legal?
  • MACD vs. RSI – Which Indicator Gives Better Trading Results?
  • Do ETFs Have Compound Interest? How Does ETF Compounding Work?

Related posts:

  1. What is tick data in forex? – Tick charts
  2. How to Use Level 2 Market Data? – Market Data Levels
  3. Price-to-Sales Ratio
  4. Equity Sales Meaning
  5. What is a Conditional Contract? – Conditional Sales Contract
  6. Export Live Data from MT4 to Excel
  7. Historical Wheat Prices – Wheat Price Per Bushel
  8. How to Learn Forex Trading Fast?
  9. What is Naked Chart Trading?
  10. Is Long Term Forex Trading Better? – With Example
  11. Forex Trading Essentials – Essential Guide to Forex Trading

Filed Under: Finance education

Website categories

Main Forex Info

  • Forex Calendar 2022
  • Forex Holidays Calendar 2021 – Holidays Around the World
  • Non-Farm Payroll Dates 2022.
  • Key Economic Indicators For a Country
  • The Best Forex Brokers Ratings List
  • Top Forex brokers by Alexa Traffic Rank
  • Free Forex Account Without Deposit in 2022.
  • Brokers That Accept PayPal Deposits
  • What is PAMM in Forex? Are PAMM Accounts Safe?
  • Stock Exchange Trading Hours

Main navigation:

  • Home
  • About us
  • Forex brokers reviews
  • Investment
  • Education
  • Privacy Policy
  • Risk Disclaimer
  • Contact us

Forex social network

  • RSS
  • Twitter
  • FxIgor Youtube Channel
  • Sign Up. Get newsletter.

Spanish language

Spanish language website
Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Trading such products is risky and you may lose all of your invested capital. Before deciding to trade, please ensure that you understand the risks involved, taking into account your investment objectives and level of experience.

Copyright Forex.in.rs 2007

Privacy Policy