How to Day Trade Using Price Action: Volume analysis – Ep. 7

Today, we should discuss volume. I have referenced volume and the significance of examining volume a couple of times so far in this series, so today I need to concentrate on volume.

So above all else, what is Volume ? Indeed, volume is the number of shares or number of contracts that are traded during a time period like a candle. In forex you don’t have volume, you don’t have the data about what amount was exchanged at any given time, however most other tradable instrument will have the volume, similar to stocks, futures or commodities. In forex you have tick volume, showing you how many ticks took place during that time – it is different.

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