Archive For January, 2011
The Commitment of Traders (COT) report is a measure of the net long and short positions taken within the forex futures market by the major forces involved. These include hedge funds, speculative, and commercial traders. Futures information is an important part of your analysis because it is an indicator of where professionals think the market [...]
There are literally scores of different candlestick patterns out there that are meant to help you interpret where a currency’s price is headed. There are a few simple ones, however, that will make your life a lot easier if you can memorize them. Many of these essential patterns consist of a single candlestick, which is [...]