How to Find the Commitment of Traders (COT) Report So you want to know how to fnd the commitment of traders (COT) report. Getting your hands on the COT report is a great way for you to make sure you have some idea of what traders are thinking about when it comes to the market as it is right now. We want to walk you through step-by-step how to fnd your COT report. Step 1: Go to the Commodity Futures Trading Commission Website Open up the web address that you will need to navigate to in order to see the report. In this case, you can access the report here. (Bookmark this page.) There you ..read more

  We had some EUR positive Fundamentals last week that helped the pair to extend the gains from the week before ( or better to say USD negative ) The Nonfarm Payroll report The Federal Reserve was less hawkish than anticipated, EUR/USD is up for a third consecutive week but buying interest remains reluctant. Coming week lacks any important data, so we can expect the market to behave more technically. Major levels of the interest on Weekly chart are: Supports at : 1.07350 , 1.07150 , 1.06750 and 1.06500 Resistances at : 1.07900, 1.08150 and 1.08500     As you can see on the we ..read more

  I received the following question from a trader sitting with an underwater position. I am long USDJPY above 155 and need some guidance. Could you give me some advice on whether to hold on or hedge it. My reply: While our role is not to give specific trading advice, your question offers an opportunity to pass on some trading insights. I have outlined these insights in response to your question: 1. Take the word hope out of your trading dictionary. When hope replaces sound analysis, then you are no longer trading but gambling. You are hoping for a miracle. Sometimes it works out but more ..read more

  No matter how long you’ve been trading, it’s important to monitor your performance so that you can identify both your strengths and weaknesses. To help you track your progress, we’ve compiled a list of fourteen key statistics that every trader should be monitoring. Trust us, knowing these numbers will give you a serious edge in the market. Here you can find some very useful tools : Pip Calculator Profit Calculator Margin Calculator Drawdown Calculator Net Profit  This statistic is your bottom line: How much money did you make (or lose) overall? Simply, it’s gains minus losses. You ..read more

  If you want to be a successful trader, you need to keep a trading journal. This is an essential part of the trading process, and it can help you improve your trading skills by leaps and bounds. In this blog post, we will discuss ten things that you must include in your trading journal — five somewhat subjective, and five you should track for EVERY trade. By keeping track of these important factors, you will be able to improve your performance as a trader and make more money in the markets!  5 (Somewhat Subjective) Items to Include in Your Trading Journal So, what should you record ..read more

  What I have always loved about our Forex Forum is you never know when someone will post something that catches your attention, especially when it proves to be on target. In this regard, I am just the messenger passing on what was sent to me by one of our long-time and highly respected Global-View community members, whom I called a savvy trader. In this regard, take a look at what I posted about USDJPY and then scroll down for a bold prediction by this savvy trader. April 27,2024 12:30 AM I have a really good memory and recalled this being sent to me in Oct 2022 by one of our most experi ..read more

  If you’re a trader, you must keep a trading journal. A trading journal is simply a record of your trades and the associated emotions. By keeping track of your trades, you can see what works and what doesn’t work for you, and this will help improve your trading results. In this article, we’ll discuss why trading journals are so important, and we’ll also give some tips on how to use them effectively. Stay disciplined and stay profitable! By keeping detailed records, you can pinpoint what works for you and what doesn’t, helping you make more informed decisions in the future. This data can ..read more

  Is there a difference between forex trading and gambling? I have been asked this question on more than one occasion and it is a good one as it can make the difference between failing and having a chance to succeed. Compare a professional gambler who plays the odds with a casual gambler who hopes to make money if he gets lucky and measures the results. Similarly, there is a difference between a professional trader who relies on a systematic approach, discipline, and prudent risk management with a trader who relies on luck and hope as much as skill to stay afloat. Of course, there is a g ..read more

  Trading can be a great way to earn income through profits, but it’s important to remember that it’s a risky business. That’s why it’s important to design your system and test it before you start trading with real money. In this blog post, we will walk you through the six steps for designing a trading system. We’ll also give you an example so you can see how it works. So let’s get started! DESIGNING A TRADING SYSTEM: 6 STEPS Step 1: Establish the time frame. The time frame you choose will depend on your trading objectives and preferences. You may want to trade short-term or long-term, d ..read more

Newsquawk.com Week Ahead 6th-10th May: MON: UK Bank Holiday; EZ Final Composite & Services PMIs (Apr), Sentix (May) Producer Prices (Mar). TUE: RBA Announcement, EIA STEO; Swiss Unemployment (Apr), German Trade Balance (Mar), EZ Construction PMI (Apr). WED: Norges Bank H1 Financial Stability Report, Riksbank Announcement, BCB Announcement; German Industrial Output (Mar), Italian Retail Sales (Mar). THU: BoE Announcement & May MPR, BoJ Summary of Opinions (Apr), NBP Policy Announcement, Banxico Policy Announcement; Chinese Trade Balance (Apr). FRI: ECB Minutes; Japanese Current Account ..read more