The article will be about the significance of volume as a key trading indicator, as emphasized by veteran trader Carter Worth. According to Worth, who has over 30 years of experience in the financial sector and is the founder of Worth Charting, volume plays a pivotal role in pattern recognition and price action analysis to generate profits in the market.
Most traders tend to overlook volume and instead focus solely on price action. However, Worth challenges this conventional wisdom, arguing that volume is a critical factor in making investment decisions. Drawing parallels with philosophy, Worth references the ideas of existentialist thinkers Sartre and Camus to signify that just as existence precedes essence, volume comes before price in the trading world.
In an exclusive conversation available to all with CNBC’s Dominic Chu, dubbed Pro Talks, Worth elaborates on his career journey in finance, his distinct approach to chart analysis, and the importance of having a defined time horizon for investors.
This article is an excellent resource for those considering investing or who have an interest in the subject. However, the primary aim of the article isn’t to encourage investment, but to provide insightful knowledge about the importance of volume in trading.
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Note: The full conversation with Carter Worth can be accessed by Pro subscribers.