Forex tick data is a crucial aspect of forex trading. It refers to the detailed price movements of forex currency pairs in real-time. It is essential for traders to analyze the historical forex tick data to make informed trading decisions. However, the question that comes to mind is, how far back can you get forex tick data?
The answer to this question depends on various factors, including the forex broker, trading platform, and the scope of data needed. Some forex brokers offer tick data dating back to several years, while others may provide only a few months or weeks of data.
One of the main sources of forex tick data is the forex broker. Forex brokers typically provide historical tick data to their clients. The data is usually available in the form of CSV files or through web-based services. However, not all brokers offer the same level of historical data. Some brokers may only provide data going back a few months, while others may provide tick data dating back several years.
Another source of forex tick data is the trading platform used by the trader. For example, the popular trading platform, MetaTrader 4 (MT4), provides tick data dating back to 2003. The data is available for download in the form of CSV files, and traders can use it to backtest their trading strategies.
The scope of data needed also plays a crucial role in determining how far back you can get forex tick data. If you only need tick data for a few months, most forex brokers and trading platforms will provide you with the necessary data. However, if you need tick data dating back several years, you may need to pay for the data or use specialized services.
One such service is Dukascopy, which provides tick data dating back to 2003 for several major currency pairs. The data is available through their historical data feed, which requires a subscription. However, the data is of high quality and is suitable for backtesting and analyzing trading strategies.
Another service that provides historical forex tick data is Tickstory. It is a software application that allows traders to download tick data from various sources, including Dukascopy and MT4. The data is available for several years, and traders can use it to backtest their trading strategies.
In conclusion, the answer to how far back you can get forex tick data depends on various factors, including the forex broker, trading platform, and the scope of data needed. Most forex brokers and trading platforms provide tick data dating back a few months, while specialized services like Dukascopy and Tickstory offer tick data dating back several years. Traders should choose a source of tick data that suits their needs and helps them make informed trading decisions.
