Commitments of Traders – An Ultimate Guide for a Forex Trader
After talking to many day traders I notice that most of them discount the Commitments of Traders report as a functional leading indicator. They are of the opinion that the data reported lags five days hence is invalid.
But this is the big one.
Commitments of Traders is first of 4 essential Steps to profit in Forex. It confirms your long term bias in the market. There is no better tangible way of doing so. If you are that guy who always says – Commitments of Traders is invalid, late, old or irrelevant, perhaps this article is not for you. This article is for those traders who can see beyond 15 minute charts, but I hope that you decide to read it anyway because I truly believe there is enough evidence for you to change your mind and once you get to the bottom of this page, you will be a much better trader.