There are many technical indicators that traders can choose from. For Carter Worth, there is one thing that stands out from the rest: volume.
“Many charter companies don’t pay attention to volume. They say it all depends on the price movement. …But volume is the essential criterion,” Worth, the founder of Worth Charting with more than three decades on the Street, told CNBC’s Dominic Chu in this special Pro Talks discussion, available to all readers. “Studying the correlation between volume and price volume is the single most important thing you can do if you want to engage in pattern recognition and studying price movements to make profits in the market.”
“[Philosophers] Camus and Sartre would argue that existence precedes essence and that in markets volume precedes price,” he added.
(Pro subscribers can watch the full interview here.)
In this interview Worth talks about:
- How his career in finance began
- His approach to chart analysis
- The importance of a defined time horizon for investors
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