Under the technical indicator on the top blue bar, there is an option to display the volume. It states that the volume is:
"Volume is the number of shares traded in a security during a given period of time."
What does this exactly mean? Does this refer to the number of shares sold or bought during that day?
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
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yea I dont get it either …. What does the volume refer to?
It says the number of shares traded…. does this mean the numbers of shares that were sold (selling a stock) … therefore, they are dumping the shares OR the amount of shares that are being bought (more shares are being purchased from traders)????
You have the right idea. It is stated as "given period" in case you are using a scale other than daily to view the stocks activity. If you were to use a weekly scale, the volume (shares traded) would be for the entire week.
Hope this helps