Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes
$51.18
Description
Book Synopsis: Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative – it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders. In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
Details
Looking to profit from the forex market? Sentiment in the Forex Market: Indicators and Strategies To Profit from Crowd Behavior and Market Extremes is a must-have resource for traders of all levels. This book takes a unique approach by analyzing crowd sentiment, which has proven to be a powerful tool in predicting market movements. With traditional and new sentiment indicators, you will be equipped with the knowledge to make informed trading decisions.
Embrace the wisdom of legendary traders like George Soros and Robert Prechter who have capitalized on crowd sentiment shifts at major market turning points. By understanding when the crowd is overwhelmingly positive or negative, you will gain an edge over other traders. Imagine being able to position yourself at the beginning points of major trends, setting yourself up for success in the forex market.
Author Jaime Saettele, an FXCM analyst, not only introduces you to sentiment analysis but also reveals how to interpret news coverage to assess market participants' sentiment. Learn to identify when market participants have become overly bullish or bearish, indicating a potential trend reversal. Say goodbye to impulsive trading and short-term orientation, and shift to a longer-term, contrarian approach that has the potential to turn your losses into profits.
Don't miss out on this opportunity to gain a competitive edge in the forex market. Take control of your trading journey and start leveraging sentiment indicators to unlock hidden opportunities. Take the first step towards a successful trading career and grab your copy of Sentiment in the Forex Market today!
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