![]() ![]() Therefore trading decisions are based on the liquidity provider. This is because forex trading is decentralized and there is order book exactly. Tick Charts on a forex trading platform like cTrader will show every new price update from a liquidity provider. Tick Charts on a stock trading platform will be based on the most recent transactions or trades based on the order book of the exchange where the stock is listed. While fundamentally they do the same thing in both markets, which is to show charts based on data as opposed to time, it’s the data which is used which differs. Tick Charts are used for both forex trading and stock trading. Tick Charts are therefore considered price-based charts. As opposed to time-based charts which many traders will be familiar with, Tick Charts show realtime data as it happens.
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