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Importance of Volume

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New York, New Jersey/USA
 
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phyoko View Post
Why the volume is important to trading and how can I use it correctly?

Volume is not necessarily important in trading. Some people use it others don't. It is definitely a very secondary data point, I would suggest other info is more important such as support/resistance, prior highs/lows etc. Price is the most important by far obviously.

I personally don't use it so I cannot tell you how to use it correctly other than to confirm a move as it sometimes precedes, price moves. But for me it is not reliable enough to bother with (I trade index futures).

Hopefully someone that uses volume can chime in...

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