银行业务基础知识：Trader交易商

会计考友

　　Commercial Trader商业性交易商
# w4 B8 v, H2 y/ Z5 L# G　　Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity.
　　Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines.
　　In foreign currency futures however, commercial positions are less relevant as the majority of trading is done in the forex market.
　　Non Commercial Trader (Speculators)非商业性交易商（投机者）
$ ], g: a; n9 z$ w　　Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.
; _2 M* l& b3 P' J3 M& B0 O　　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.
. W) R/ O$ @2 t' {　　Many FX traders rely on the currency futures data to determine future price direction.