Quote from fogut:
When you look at the buy and sell orders for a particular stock, what does the amount for the number of buy and sell orders signify ? What is the significance of volume for those particular buy and sell orders ?
Thanks.
Quote from traderpro:
More buyers than sellers......
Quote from nazzdack:
That's not accurate. You're assuming that everybody is trading with the same position size. One trader wanting to "move" one-million shares can overwhelm many other traders looking to trade only 500 shares at a time. It's better to say that aggressive buying/selling moves markets.
Quote from fogut:
How helpful is the volume to determine the short term direction of the stock ? If you see the volume in sell orders outweigh the volume in buy orders, can you assume it is likely to go down in the short term ?
Thanks much.