银行业务基础知识：Trader交易商

会计考友

　　Commercial Trader商业性交易商
1 \" _& g; k2 b  [　　Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity.
& X5 \: A6 I9 Q2 a9 E/ h　　Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines.
' w- p  M7 N% u, S! h  K　　In foreign currency futures however, commercial positions are less relevant as the majority of trading is done in the forex market.
+ v! \( ?# R& a　　Non Commercial Trader (Speculators)非商业性交易商（投机者）
　　Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.
2 r' ]9 D; W! U/ N　　Non commercial data is a reliable source of information as it captures trader's positions in a specific market.
　　Extreme positioning in the currency futures market has historically been accurate in identifying important market reversals.
6 F7 t9 e5 X7 `6 |. m; ~; ^　　Many FX traders rely on the currency futures data to determine future price direction.