Both the volume and open interest will reflect the psychology of the market and the trader itself. So your understanding will be vital to achieve success consistently. The volume, by definition, is the total number of lots traded, in other words, what moved the market. It refers to a specific period of time, usually taken daily values. For its part, open interest represents the volume of orders that remain open overnight (more than one session). Now we can get an interesting question, what if …
