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Volume http://www.financial-spread-betting.com/course/volume.html is the number of bargains within a period and open interest is the number of bargains left unclosed at the end of the day or cumulatively over a week from Day 1 to Day 2. They are quite simple to use; volume and open interest follow the trend; if the trend is good it should be accompanied by rising volume and open interest. If the trend is poor or breaks or any price action is accompanied by falling volume or open interest it should be distrusted.

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