The traffic rank on Alexa for your site is not the actual because they give the rank based on the visitor who are using Alexa toolbar. So the site viewed the people who are not using Alexa toolbar will be not be counted in your traffic rank. Alexa toolbar looks like spyware which monitors the site which you visiting and I don't like it.
While in case of Google, they check the backlinks, your site contents and many other things to give the rank to the site. So I prefer to use Google to check rank even though it is not updated frequently. Also you can use Google Analytics through you can check your traffic source and actual visitors for your site.
Regards,
Kailash
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