Committed to the Markets of Forex
Many traders are seeking out assistance in their trading decisions from decision support tools we call technical indicators. While these are helpful, they are only to be used as support for our decision to buy where demand outstrips supply or to sell when supply overwhelms demand. We see this supply/demand imbalance on our charts as support and resistance. However, there is another useful data set that is independent of price that will give us clues as to the possible future of the markets. This data can be found in the Commitment of Traders report.
The Commitment of Traders (commonly referred to as the COT) report has been published by the Commodity Futures Trading Commission since 1962 and provides information on the open interest of futures contracts. The report can be found at www.cftc.gov and is published every Friday and contains the data from the previous Tuesday. A futures contract is a derivative which gets its value from an underlying asset. They are traded to either profit from future values of the asset or to hedge a position in the asset against a drop in price. The COT shows open interest in a multitude of commodity, currency, and stock index futures.
The Commitment of Traders (commonly referred to as the COT) report has been published by the Commodity Futures Trading Commission since 1962 and provides information on the open interest of futures contracts. The report can be found at www.cftc.gov and is published every Friday and contains the data from the previous Tuesday. A futures contract is a derivative which gets its value from an underlying asset. They are traded to either profit from future values of the asset or to hedge a position in the asset against a drop in price. The COT shows open interest in a multitude of commodity, currency, and stock index futures.
Forex marketing has a strategy
Forex marketing has a strategy that many traders overlook. The prime strategy, which many forex traders believe is the key to profiting in the forex industry is the buying low and selling high strategy. Unfortunately, these traders are wrong, since it is a key to loosing instead.Support in forex industry is when chronological value or pricing comes in from traders who “Buy.”The mission behind buying is to provide support for the forex market exchange, as well as to analyze, examine, experiment, investigate, etc, the markets in forex currencies and exchange. Each time the traders test forex, it authenticates support.Resistance becomes sizeable in the forex industry only when the levels of “resistance” is charted, i.e. at what time the levels of forex value, or pricing refuses to give in to jumping to a higher listing.For this reason, at what time forex traders venture on buying low and selling high, they are making a big mistake. Traders who delay in forex trading markets will often recoil, or retract at the time some of the biggest deals transpire in the forex industry.In short, the trends are what traders want to stay aware to, yet most traders will resist. Why, because the traders often feel uneasy at the times when other traders resisting buying and selling in forex.Now, if you want to get ahead in forex trading and use strategies to win, I recommend you to visit Forex Success Tips. There you will discover some magic to beat the forex.
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