Undergraduate - Freshman

Course 7 of 11 View All Courses

Learn how to gauge whether the market is bullish or bearish, how to trade during news releases and how to potentially make money without price moving.

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  1. Market Sentiment

    The market has feelings too, you know. Get ready to learn all about market sentiment!

    1. Market Sentiment

      Every trader has his own opinion about the market. The combined feeling that market participants have, that’s what you call market sentiment, young Padawan.

    2. Commitment of Traders Report

      Gauging market sentiment may not be as difficult as you think. The Commitment of Traders (COT) report can be a clue on whether the market is bearish or bullish.

    3. How to Find the COT Report

      Now let’s get to the juicy part. How do you get a hold of the COT report? It’s as easy as 1-2-3, baby!

    4. Understanding the COT Report

      Meet the different playas in the futures trading field: hedgers, large speculators, and small speculators!

    5. How to Use the COT Report for Trading

      Yeah, we know. The COT report looks like a giant gobbled-up block of text. But don’t fret! There’s actually a pretty simple way to use it.

    6. How to Pick Tops and Bottoms With the COT Report

      When the market sentiment shifts, should you go with the speculators or the hedgers?

    7. How to Create Your Own COT Trading Indicator

      Studying the School of Pipsology is about to get sweeter! Are you ready to create your very own COT indicator?

    8. How to Interpret the COT Report

      Put your thinking caps on because we’re gonna get down and dirty with the numbers to calculate for the percentage of speculative positions!

    9. Summary: Market Sentiment

      Keep in mind that although the COT report is a spankin’ sweet tool to use in gauging market sentiment, it does not always correlate to reversals.

  2. Trading the News

    Extra! Extra! Reading up on the news reports may just reel you in a handful of pips!

    1. News Makes the Forex Market Move

      Like how things are in the world of Star Wars, there is always fundamental force behind each movement in the market.

    2. Be Careful Trading the News

      Trading the news is a double-edged sword. Sure, you can earn a lot of money by doing it but you also stand to lose a lot in times of increased volatility!

    3. Which News Releases Should I Trade?

      The most-watched news reports are from the U.S. Can you guess why?

    4. 2 Ways to Trade the News

      “Buy the rumor, sell the news.” What the heck does that exactly mean?

    5. How to Trade the News With a Directional Bias

      Let’s take a look at an example on deciding whether to go long or short before a report is released.

    6. How to Trade the News Using the Straddle Trade Strategy

      Okay, you already know which market-moving report to trade. What do you do next if you want to let the market decide which side to take?

    7. Summary: Trading the News

      You could get burned a couple of times by trading the news so practice, practice, practice! It will be very rewarding once you get the hand of it.

  3. Carry Trade

    Did you know that you can actually still make money in forex without doing anything? Yep! You just have to keep your fingers crossed that price stays the same for a long period of time.

    1. What is the Carry Trade?

      Carry trades involve buying higher-yielding currencies and selling lower-yielding ones.

    2. What is a Currency Carry Trade?

      Seems too good to be true? Oh, but carry trades are true! Check out how they work in real life in the forex market!

    3. Know When Carry Trades Work and When They Don’t

      Carry trades work well when risk aversion is low. Why?

    4. Carry Trade Criteria and Risk

      There are only two things to consider when you pick a pair to do a carry trade, but that simplicity doesn’t make it any less easy.

    5. Summary: Carry Trade

      Simply put, carry trades can work by making moolah out of the interest rate differentials of two currencies.

It's not the load that breaks you down, it's the way you carry it.Lena Horne