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Using COT report to predict Forex Markets
6 forex Management.com explains how to use COT reports to predict Forex Price Movements.
One of the major problems with the forex market is the lack of a volume indicator. Since there is no forex exchange such as the Nikkei or the NYSE, volume statistics on the entire market are not available. The COT report, tracking the currency and commodity futures allocations of the major speculators and commercial hedgers, is an excellent substitute for the volume indicator, and it should therefore be an inseparable item of any technical trading scheme.
You can download the full article here:
http://www.6forexmanagement.com/ebooks/6forexmanagement.com_Using_t...
Weve attached the PDF here for you also.
May the Market be with you.
One of the major problems with the forex market is the lack of a volume indicator. Since there is no forex exchange such as the Nikkei or the NYSE, volume statistics on the entire market are not available. The COT report, tracking the currency and commodity futures allocations of the major speculators and commercial hedgers, is an excellent substitute for the volume indicator, and it should therefore be an inseparable item of any technical trading scheme.
You can download the full article here:
http://www.6forexmanagement.com/ebooks/6forexmanagement.com_Using_t...
Weve attached the PDF here for you also.
May the Market be with you.
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