Trading the Market Sentiment
The Market Sentiment is a measure of what the majority of traders anticipate about the future course of the market.
The Market Sentiment actually refers to the psychology of the market. The market sentiment can be either: Bullish, Bearish or Neutral. Since the USD is involved in 80% of all Forex transactions, the Forex market sentiment is mainly focusing on the US Dollar.
General Market Sentiment Tools
Here are some popular Forex Market Sentiment tools, available on the internet:
■ Dukascopy Market Sentiment Tool
■ FxStreet Market Sentiment Tool
■ Oanda Forex Open Position Ratios
■ FXCM Speculative Sentiment Index (SSI)
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