The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
The total number of outstanding (long or short) contracts at the end of the trading day. Open Interest applies to futures and options markets.
Buyer Sell Comment Open Interest
New Long New Short New Position ↑
New Long Old Short Not new Position − −
Old Long New Short Not new Position − −
Old Long Old Short Old Position ↓
Category: Technical Analysis