What’s the difference between order flow and volume

Order flow and volume are both important concepts in trading, but they are distinct and serve different purposes. Here's the difference between order flow and volume:1. Order Flow: Order flow refers to the cumulative number of trades placed by various market participants at different prices and quantities for a specific period. It represents the buying and selling activity in the market and helps traders understand the demand and supply dynamics.2. Volume: Volume, on the other hand, is a measure of the total number of shares or contracts traded in a particular security or market during a given period. It indicates the level of activity and can help traders identify trends and support their trading decisions.In summary, order flow provides insights into the specific transactions and their prices, while volume reflects the overall trading activity and can be used to analyze market trends. Both order flow and volume are valuable tools for traders to assess market dynamics and make informed trading decisions.