Recent content by macdonaldavid

Many thanks. This is the first time I have posted anything and to get a reply is fantastic. I'm aware of the COT reports as when I was trying to find the right market to trade I played around with Commodities. I was unaware that currencies were reported. I'll be sure to read your other post.

If as I keep being told 98% of traders fail, how can I find out what these traders are doing so I can do the opposite? This is a genuine question. If I were a broker and I noticed that 70-80% of the trades that were hitting my desk were long the EUR, then I'd be sure to go short. Is there any...