Commercial Trader商业性交易商
( k; E# y r, w0 L5 ]0 O Uses the futures market for "hedging purposes since they are involved in the production, processing or merchandising of a commodity.7 a' {9 R% G: v) _
Commercial traders are well capitalized & usually provide the "fuel" for market advances/declines.
5 L5 ^! g! `; s& |! Q! D8 `4 A In foreign currency futures however, commercial positions are less relevant as the majority of trading is done in the forex market.! H# F! k9 o- k/ d; a& y8 f, Y
Non Commercial Trader (Speculators)非商业性交易商（投机者）
% C( ]6 S* N7 W1 J0 k7 E9 l Is a market participant who tries to profit from the buying and selling of futures contracts by anticipating future price movements.4 `. Y7 c/ P+ g
Non commercial data is a reliable source of information as it captures trader's positions in a specific market.+ z$ E* P- H, u: ?: d5 ?& _
Extreme positioning in the currency futures market has historically been accurate in identifying important market reversals.
8 _: s" |2 \# Q% l( V$ ^: U4 M Many FX traders rely on the currency futures data to determine future price direction. |
发表于 2012-8-16 08:44:06
