Short YouTube video (Kardec Trader, Nov 28, 2023) explaining what market volume means: volume counts transactions (buyer + seller agreeing on a price) and does not imply there are "more buyers" or "more sellers." Instead, volume reflects aggressiveness on the buy or sell side — higher/visible volume indicates more aggressive buyers or sellers.
So now let's break down what volume is. Volume is the transactions in the marketplace. Now, one thing that people get very wrong about volume is they think that volume indicates there's more buyers or more sellers. There's no such thing as more buyers or more sellers in the market. But what does exist is seeing more aggressive buyers or more aggressive sellers. So when you see something has a volume of one, that initially means that there was a buyer and a seller, they agreed on a price, and the transaction happened. Now, what we can decipher from the volume is we can decipher if the buying side is more aggressive than the selling side.
