Top-down analysis in Forex trading. Part 1
(I do not own the video. The description below are from the description section of the video. So pronoun such as 'we' are referring to the original context of the video)
In this series of forex webinar video we will uncover process of preparation to the trading day or a trading week. It's recognized fact that those traders who have made their "homework" have greater probability of success. Nothing is guaranteed in trading, but pre-determined trading plan, based on solid understanding of the market, can increase the odds of finding good trades.
In this free forex webinar we will talk about real balance of supply/demand. To get this done, we will talk about relationship between Spot-market (Forex) and Futures market (currency futures). Volume and open interest from the futures market can be viewed with the help of so-called COT-reports. We can see big players involved in the action and other useful information. Using this information, we can build realistic expectations about the spot market and build decent trading plan for the day or the week.
https://www.youtube.com/watch?v=O6it1asfnF8
(Back to tutorial list (https://globaleasyforex.com/index.php?topic=165.0))
thank you
Thanks..
It is kinda hard. But it will be interesting.
This is pure gold, thanks.