Commitment of Traders Report

By Kin Talk on Sunday, September 22, 2013 with 0 comments

The Commitment of Traders Report is used to measure volume and a binary options trader is better able to measure market sentiment. The Commodity Futures Trading Commission (CFTC) publishes the Commitment of Traders report, or COT, every Friday, around 2:30PM EST.
The COT is a wonderful resource for binary option traders to measure how heavily certain market participants are positioned. This is because the COT details the net long and short positions held by speculative and commercial traders.
Even forex traders need this data from the FX futures market. This is because spot FX is traded over-the-counter (OTC), and so dealings do not go through a centralized exchange like the Chicago Mercantile Exchange. Consequently, the COT report is the closest thing we can get our hands on to read the market temperature and how the major participants are moving their money.
Where to obtain the COT report? How do I read it? Read More…

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