Why Volume Is So Important

Why is volume such a critical component of technical analysis? According to Randy of Hawkeye Traders, volume provides leading price information – compared with other indicators which are lagging.

As Randy explains in his webinar My Favorite Reversal Signal, “Volume signals market intent.” He later discusses how volume can reinforce a trade thesis and theoretically can lower the risk factor in trade consistency.

Watch this 1-minute excerpt to hear more:

Looking for related videos? Check out How to Use Volume Profile and Volume as a Leading Indicator!