The volume of the headphones should be at a comfortable volume. I know alot of people always want to turn it up above that, and believe it or not it will effect your singing. Too loud and it will force you to sing louder and as a result you'll usually be sharp. Too low and you'll be flat. You sing better when you sing at the volume you also clearly speak at. Your vocals will also be more powerful too, since they'll be clearer and more present. Singing louder makes you sing sharp, which is singing out of tune, which makes you disappear in the music. Samething will happen if you sing too low.
"My whole life is a dark room...ONE BIG DARK ROOM" - a.f.i.