The report contains all the positions of the main market factors in the United States. The Commodity Futures Trading Commission CFTC provides this report every Friday at P. EST for all positions recorded from the Tuesday of the same week to Tuesday in the previous week. As the name suggests, the COT report exposes their commitments.

These major market drivers include institutional traders, hedge funds, big banks, and more. And the weight these traders pull on the markets can sometimes be staggering enough to drive trends.

As retail forex traders, our best bet is to trade like big financial institutions. A COT report will not tell you what positions any particular institutional trader is holding. Instead, it only reports a cumulative of all participants on various futures contracts.

And these market participants are divided into three trading groups:. Commercial traders are big institutions who are in the futures market to hedge against risks due to unfavorable price movements that could affect their investments. They only trade for the sake of reducing risk, not for profit.

This analogy should help you understand better. Assume you own a big telecoms company in the United States. Your company imports computer chips from Japan. The Japanese chip supplier requests that you only pay them in Japanese Yen.

The value of the dollar drops against the Yen. So you devise a genius plan to offset this loss. You purchase JPY futures. This genius plan makes you a commercial trader.

The story is the other way around for non-commercial traders. Non-commercial traders are large speculators who already have a lot of money in the bank, but want to make some more by trading the futures market. Examples of these non-commercial traders include hedge funds, trading advisors, and other huge financial institutions. We are constantly testing, reviewing and monitoring Prop Firms so you can make informed decisions about funded accounts. See below to compare and contrast funding size and features, as well as comprehensive reviews of the worlds leading Forex Prop Firms.

With thousands of Forex Trading Brokers popping up over the last few years, we are here to help you identify the best fit for your trading. Over the last few years we have been constantly reviewing, testing and monitoring our top brokers so you can make informed choices about which broker is for you.

See below to compare and contrast all of the features, pros and cons, as well as full, in-depth reviews of the worlds leading Forex Trading Brokers. Copying trades from one account, to multiple other accounts allows traders to diversify broker risk, reduce exposure, manage portfolios and trade additional Forex Prop Firm accounts automatically. Thank you, DailyForex. Most Visited Forex Broker Reviews. To give you the best possible experience, this site uses cookies.

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Trade journalling is one of the most important aspects of trading and developing your edge within the markets. As the retail forex market has expanded rapidly, there is now a growing range of different tools and services for journalling trades. We have compiled a very simple but in-depth list of the worlds leading forex trading journalling softwares.

ForexBook is a forex trading journal platform that integrates with your broker to pull all of your trading data into a very digestible form. The tool allows you to import historical data, connect multiple accounts and create trading strategies based on your past trades.

ForexBook is completely lightweight and automatically tracks all of your data with a simple EA on MT4! Click here to read my full, in-depth review of the offering! TraderSync is one of the worlds leading forex trading journals. The platform automatically imports your trades for you to add comments, filter and analyse in order to increase your edge in the markets. The benefit of TraderSync is the fact the platform works in all markets including forex, stock, futures and options.

Edgewonk combines journalling and a trading diary to provide a great analysis tool for forex traders looking to improve their edge. The tool works on all devices and comes with a trade simulator, data filters, graphs, multiple journals and a notebook for screenshots! Everything you would ever need to successfully journal all of your trading activity.

Click here to look at my full review of Edgewonk, looking at my experience, pros, cons and why you should be using the tool! TrackFx is a brand new analysis platform for forex traders to track, analyse and journal trades in detail. The platform uses technology to provide value metrics to traders looking to increase their edge in the markets.

TrackFx allows traders to import data from a range of brokers, then provides completely objective statistics. For more holistic traders, the lack of subjectivity maybe an issue, but for numbers driven traders — this is a great choice of a trading journal!

Have a read here of my full review, looking at the pros and cons of the software! I would highly recommend journalling your trades in a simple spreadsheet if you have knowledge of how to work with Excel! Evernote is a very useful tool for traders journalling trades. Although you will need to be manually adding trades on Evernote, the customisation and ability to add screenshots is a huge selling point.

Not only that, Evernote has a completely free plan to test the waters! Tradervue is a very simple forex journalling tool for traders. The tool allows traders to import trade data, then analyse simple metrics to look at profitability and various other factors. A simple but great tool for forex traders! You can store trades in different folders and Notion makes it very simple to pull data when you need to compile reports. The only downside is the fact you need to manually add all of your trades into Notion, which could take a long time if you have years of past history to add!

Trademetria is a forex trading journal that allows automatic importing of historical data. The tool comes with over 30 data points to help traders analyse the data, take accountability and enhance your edge within the markets. You can also add screenshots, comments and notes to speed up the refinement process±.

MyFxBook is one of the best tools for traders looking to get in-depth statistics and analysis of their trading performance. However, MyFxBook is a must have for traders wanting to analyse their past trades to find patterns and refine their edge!

FxBlue is essentially a very objective trading journal. Instead of journalling anything subjective, it tracks and analyses your trading results allowing traders to take an objective look at where their edge may lie. The downside of the platform is that you cannot add your own screenshots in for trades, so that will need to be tracked separately. Regardless, FxBlue is completely free and a trading choice of trading journal! Skip to content Find The Best Forex Trading Journals In Forex Book.

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This way the losses tend to decrease when the trader is losing, which slows down the balance ruin. PulseWave Education: Learn the System Member Orientation. Some of those tools are useful enough to conveniently include in your trading strategy. Just look at the current price of that instrument and it should be clear. See below to compare and contrast all of the worlds leading forex trading courses, mentors and educators as well as in-depth reviews of these courses. Short trades Total number of short sell trades taken during the report's period. Sortino ratio is a more useful version of Sharpe ratio.

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