In this episode, Brian discusses the importance of volume in trading and how it can enhance trading strategies. He explains what volume is and why it is important, as well as three ways to measure volume. Brian also explores how volume can be used as a confirming indicator, to identify price reversals, and to time trades. He highlights various volume indicators and tools that can be used by swing traders. Incorporating volume analysis into trading strategies can lead to more informed profitable trading decisions.
Takeaways:
Understanding volume is crucial for making informed trading decisions.
Volume can confirm price movements and indicate potential reversals.
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