Where do forex brokers get their data from?

Forex rates are sourced from the banks that participate in the interbank market . Many brokers will have either a direct relationship via a prime broker or use a prime of prime. The prices are combined and consolidated that make up the spread of the broker.

Where can I find forex volume data?

TraderMade offers real-time and historical Forex Order Flow, Sentiments and Volume Data.

Where does FTMO get their data?

Some data about you is provided to us by third parties, such as providers of trading platforms that you choose for use of our services, and social network operators if you decide to link your social networking accounts to an account on the website.

Where do forex traders get signals?

Free trading signals are offered by trading signal providers free of charge. These are mostly basic signals or some signals provided in a limited trial period. Paid signals are offered by signal providers for a specific amount of money. They are either charged on a one-time fee basis or a subscription model.

Where do traders get data?

Trading data is typically collected from stock exchanges such as the New York Stock Exchange (NYSE) or NASDAQ.

What is the best free forex analysis?

My go-to website for free forex charts is TradingView . Though there are some limitations (you can only add a few indicators per chart), traders using TradingView gain access to real-time market prices from a vast selection of providers as well as a wide range of tools for conducting technical analysis.

What is the best tick data provider?

OneTick Wins Best Tick Data Management Platform in the 2022 TradingTech Insight Awards Europe. New York, NY – Feb 28, 2022: OneMarketData, LLC , a leader in tick data management and analytics, today announced it was named Best Tick Data Management Platform in the 2022 TradingTech Insights Awards - Europe.

How do I get forex data in Excel?

Use the Currencies data type to calculate exchange rates Select the cells and then select Insert > Table. Although creating a table isn't required, it'll make inserting data from the data type much easier later. With the cells still selected, go to the Data tab and select the Currencies data type. in the cell.

What is the daily volume of forex in 2024?

The size of the forex market in 2024 was estimated to be around $6.6 quadrillion per day . This means that more than $6.6 quadrillion worth of currencies were traded each day in the forex market.

Is forex data free on TradingView?

By default, TradingView offers real-time data for free wherever they can for stocks, forex, cryptocurrencies, and more. However, it's important to note that the data available for free users may be delayed depending on the exchange and the instrument being viewed.

What is the best volume indicator for forex?

The best volume indicator in forex is the On-Balance Volume indicator since it gives close to the most accurate feedback after testing significant highs and lows in the market.

Forex Data: Best Datasets & Databases 2024 (2024)

What is Forex Data?

Forex data is collected from the foreign exchange market. The fluctuating value of currencies and stocks determines the exchange rate between currencies. Examples of forex data include currency exchange rates, historical price data, trading volumes, and market sentiment indicators. It’s used to analyze market trends and develop trading strategies.

Lucy Kelly

January 09, 2024

Data Specialist

Best Forex Data Databases & Datasets

Here is Datarade's curated selection top Forex Data. These trusted databases and datasets offer high-quality, up-to-date information.

EDI Foreign Exchange Rates FX (Forex) | Currency Data | Daily, Hourly, or by the Minute Updates | Data for 175 currencies | 20 Years History

by Exchange Data International

Available for 249 countries

20 years of historical data

Starts at

$3,000 / purchase

Free sample preview

Request Sample View Product

InfoTrie Currency Data - FOREX Data and Cryptocurrency Market Data Globally

by InfoTrie

Available for 249 countries

1K Symbols

10 years of historical data

100% market quotes

Pricing available upon request

Request Sample View Product

by Finage

Available for 240 countries

1.3K Symbols

15 years of historical data

100% Uptime

Starts at

Top Forex Data Providers & Companies

When selecting forex data providers, you should consider data accuracy, update frequency, currency pairs coverage, time coverage, API reliability and Pricing. Here’s our recommended forex data vendors.

InfoTrie Based in Singapore
InfoTrie: Global Data Intelligence Leader since 2012. Unleash insights from unstructured data. Alternative datasets on E-commerce, SEC Filings, B2B Data, Se...

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Cbonds Based in Netherlands
Cbonds is a global data provider with the main focus on the fixed income market. Founded in 2000, the agency has gained a reputation as a respected and compe...

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Finage Based in United Kingdom
Finage is a real-time stock, currency and cryptocurrency data provider company via API, WebSocket & Widgets. Easy, secure and affordable way to build financi...

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Twelve Data Based in Singapore
We take the financial market data of the highest quality, add convenient formats and tools, with all running in cloud infrastructure - this is the recipe for...

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Exchange Data International Based in United Kingdom
With EDI you get high quality, affordable financial data customized to precisely fit your operational requirements.

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Popular Use Cases

Forex Data plays a pivotal role in various business applications, offering valuable insights and opportunities across industries.

Algorithmic Trading

Forex Data Explained

Attributes found in Forex Data

Usually, the attributes of forex data include basic information such as the name of the currency being traded, the countries using that currency, how much is being traded, the current value of the currency, as well as its historical valuations and predicted future value. These basic attributes help investors make better decisions on their next forex trade.

Use Cases

Forex data is used mainly by traders to make a more informed trade decision that generates profit. They can avoid unwise decisions made in forex trades historically, which is recorded in forex databases. Instead, the data can increase the likelihood that they invest their money in assets that are more likely to be successful.

Another use case for forex data is for general reporting on the foreign exchange by news outlets and financial journalists. It’s important that people writing about forex trends have reliable information to quote in their articles. As such, many will rely on a robust forex API which is independently verified and updated in real-time.

What is Forex Data analysis?

Forex data analysis entails evaluating which currency over a given period of time is likely to be stronger within a currency pair. This information can then be used by forex traders to buy the currency they expect to increase in value or to sell the currency they believe will decrease in value.

A number of sources will be analyzed by forex traders. These involve certain key factors, such as the state of the economies of different nations, the price of related resources such as oil, or any major news events that influence international economics.

Technical considerations, such as historical forex data like the currency’s recent price history compared to its historical averages, are also considered.

How can I get real-time Forex Data?

You can get real-time forex data in different ways. The most efficient and reliable is by working with a forex data provider. These third-party sources collect financial signals from numerous sources and compile it in an accuracy-assured data product. Here are some of the sources used by Datarade’s forex data providers:

• Live news coverage that gives instant access to the currency movements in the worldwide market. There are financial TV and online networks available 24/7 providing on-the-go forex data, as well as updates on significant economic events and other forms of commercial forex datasets reports. Such coverage is a primary source for forex data providers.
• Periodic economic publications and releases. These forms of real-time data will keep you up with economic activities as reported by governmental or non-governmental organizations that have an impact on the forex market. Most periodic economic news that is essential to forex traders and data providers is released either weekly, monthly, or yearly.
• Another real-time data source is a forex trading platform designed to advise trading strategies. Many forex brokers directly provide live news feeds in their apps to give you quick and instant access to currency market events and news.

Why is historical Forex Data important?

Although there’s a lot of emphasis placed on real-time forex data, here are just a handful of reasons that historical data is important to traders and businesses:

• It provides market insight: forex data analysis of the past recorded movements of a currency or commodity will give the trader an idea of what is expected of the financial instrument.
• System development: mastery of the forex market lies in having the knowledge of what, when, and how to trade in a specific market. A statistical edge can be established for such knowledge, which is built by historical forex data analysis.
• Consistency: knowing predefined expectations from forex trades gives traders confidence and consistency. By knowing how a given trade has worked over time, it is possible to minimize unexpected losses and maintain consistency in trading.

Frequently Asked Questions

Where can I buy Forex Data?

Data providers and vendors listed on Datarade sell Forex Data products and samples. Popular Forex Data products and datasets available on our platform are EDI Foreign Exchange Rates FX (Forex) | Currency Data | Daily, Hourly, or by the Minute Updates | Data for 175 currencies | 20 Years History by Exchange Data International, InfoTrie Currency Data - FOREX Data and Cryptocurrency Market Data Globally by InfoTrie, and .

How can I get Forex Data?

You can get Forex Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Forex Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Forex Data APIs, feeds and streams to download the most up-to-date intelligence.

What are similar data types to Forex Data?

Forex Data is similar to Cryptocurrency Data, Digital Asset Data, Bitcoin Price Data, and Cryptocurrency Investor Data. These data categories are commonly used for Algorithmic Trading.

What are the most common use cases for Forex Data?

The top use cases for Forex Data are Algorithmic Trading.