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I must say that volume is certainly one if the core elements of forex trading and forex market as it provides the trader a vantage point to recognize the inner pulse of a price move thus preventing him/her from falling into the trap and being able to make more intelligent decisions. The volume of the stock market is not centralized as in the case of the stock market. But for the Forex market, the volume of the instrumental platform is still offered in the form of a tick, this however, is enough to know how efficient the market functioning is at any given particular time. In order for the move to be sustainable, in case of a breakout, the volume needs to be better than average. Rising volume during a breakout would lead to an assumption that the move is real and it will continue more probably. Conversely, a low volume breakout often signals a fakeout or a lack of commitment which result in traders being caught chasing weak moves. In addition to this, the decline in the volume of a rising price could mean that the trend is about to change direction and is a weak one at that. Bright traders will make use of volume signals to decide whether to hang out or start preparing to get out. The major trading sessions like London and New York are frequented by institutional buyers which lead to higher volumes and naturally more reliable trade setups. A quiet and barely perceptible market with occasional spikes in volume, a precursor of a big move, can also be recognized by the volume indicator. For example, if you are scalping or in some Instances you are enjoying the comfort of short term trading in one of your favorite stocks and you blend the use of volume with Bollinger Bands and RSI, the results are clear cut entry and exit signals. Therefore, it can be concluded that volume when used together with your technical analysis provides an added layer of confirmation to your trades and greatly increases the level of success of your trading.