$US 1 The hourly trading volume was approximately $10.97 million, six times the previous average; the price rose 15.79% over the same period.
How was this figure calculated?
Trading volumes in futures and spot markets often differ greatly. Futures trading includes a lot of high-frequency trading, so increases in volume in the two markets don't necessarily mean the same thing.
Whether trading volume increases during a breakout is often considered one of the factors for distinguishing a genuine breakout from a false one: a move upward without volume behind it is more likely to fail.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the signals indicate.
For record-keeping and sharing only; this is not investment advice.
How was this figure calculated?
Trading volumes in futures and spot markets often differ greatly. Futures trading includes a lot of high-frequency trading, so increases in volume in the two markets don't necessarily mean the same thing.
Whether trading volume increases during a breakout is often considered one of the factors for distinguishing a genuine breakout from a false one: a move upward without volume behind it is more likely to fail.
With leveraged trading, first work out whether you can withstand the worst-case scenario, then consider what the signals indicate.
For record-keeping and sharing only; this is not investment advice.