Volume Menu

 

Hi All newbie here

Can anyone explain what volume means in Metatrader.....I have attached a picture with an arrow indicating what Volume I am talking about, since the answers seem to vary. Some suggesting price changes which I think is odd considering it has a drop down menu that you select from

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That volume that appears in that menu refers to the size of the position you are going to open, (the lot size). Regards.
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