Nowadays, the number of traders who participate in Forex Market is dramatically increasing. This is straightforward because Forex Market is a very potential land for businesses all around the world. However, Forex Market consists of many unexpected risks; they can happen anywhere and anytime.
So how should we do to eliminate these risks? Human always finds the ways, and this case is not an exception.
Today, I want to share with you one of the secret weapons that can bring big success to any Forex traders. It’s called Forex Market Sentiment Indicator.
In my Forex Market Sentiment Indicator Review, I will show you all of the great benefits of this weapon.
What is Forex Market Sentiment Indicator?
Forex Market Sentiment Indicator is a powerful software that allows users to predict the market direction accurately by showing the positions of traders and the volume of these positions. All the values are measured in figures as the percentage and displayed on multiple bars of a chart. From this chart, you can easily find which position is the best to invest or which position is the worst to avoid.
The software uses a massive database from MyFxBook. These data is collected in real time from thousands of forex traders who are using their live accounts to trade. The total volume of this trading rises to billions currency unit. This significantly improves the accuracy of the sentiment analysis and makes the software more reliable because the more data is analyzed, the better result is achieved.
Forex Market Sentiment Indicator Review– Overview
Forex Market Sentiment Indicator is your best counselor because the software provides extremely helpful information just like a counselor. When you know where the traders are and what they are doing, your decisions will be improved a lot.
The software can be used standalone or together with other analysis and prediction tools. The combination is good, and when it comes to Forex Market Sentiment Indicator, the grand success will be on your hand.
Great Features of Forex Market Sentiment Indicator
- Visual Display on Chart
All of the currency pairs (long and short trading volume) as well as the total positions are visually displayed on just on a chart.
- Filter by Extremes
The filter of one currency pairs is just displayed when the total volume and the position of that pair reach to an absolute value. You can set the extreme level as you want. For example, if you set the extreme is 80%, then the filter will be displayed when the total volume and the position of any pair in the chart are/is greater than 80%.
- Alerts on Extremes
The software can alert users when any extreme of any currency pair occurs. To choose the method of receiving the alert, you can go to the Option and set whether you want to be informed via email or SMS message. This is a very helpful feature if you don’t have time to follow the changes.
- Real-Time Data
Every 60 seconds, they software will automatically update the data to make sure the database always fresh.
- Flexible Pair
The software allows any currency pair or time frame to be used to trade on.
- Flexible Strategy
By default, the software has its own trading strategy, but if you want to change, you absolutely can do it by setting the Option.
How Does It Work?
Like I say above, the working principle of Forex Market Sentiment Indicator is trading strategies. There are lots of strategies, and they are:
- Contrarian Trading
Buying chance is seen when there is an extreme of sellers while the selling opportunity is seen when there is an extreme of buyers.
- Sentiment Extremes
By default, the software limits the extreme must greater than 60%. If both the trading volume and trading positions are extreme in one direction, then this could be considered a strong contrarian trading signal.
- Sentiment Reversals
If buyers involve in an oversold market or sellers involve in an overbought market, then reversal can occur.
- Stop Hunting
If an extreme happens in one direction and the market dramatically change against this extreme, then Stop Looses can be triggered.
- Price Action Trading
If an extreme occurs in one direction, a price action trading can be triggered against the extreme.
Why Should You Buy It?
- It has been built by a professional team including engineers, statisticians, and traders with many years of experience.
- It helps to minimize the risks for traders.
- It contributes to saving your money and efforts.
- It’s easy to use; you can control it within minutes.
- It offers 60-day Money-Back Guarantee.
One again, I can confidently confirm that Forex Market Sentiment Indicator is a must-buy tool for traders or any businessperson. It works great, and it offers very many benefits for users.
Now, it’s time to say goodbye. Thanks for reading my Forex Market Sentiment Indicator Review.