It is no secret that the vast majority of small participants in the futures market rely on technical analysis. The author of this book, one of the most successful traders in the world, proposes to approach futures trading differently. In his opinion, it is necessary to focus on the largest players, market operators, whose actions determine the behavior of commodity prices. The best source of information he considers mandatory reports on trades of traders (COT), published weekly by the Commodity Futures Trading Commission of the United States. The main thing is to correctly interpret the information disclosed in them .. Williams describes this reporting system in detail and provides an action plan that allows you to maximize profits and reduce risks when trading commodity futures, currencies, bonds and stock indices. The book is intended for a wide range of readers interested in futures trading.