Hi there, I was wondering where MyFXbook gets their market sentiment data from? I could not find this information anywhere. The reason I ask is that I notice it differs wildly from another market sentiment data provider, namely IG, which begs the question: which one is correct?
I don't understand your point clearly but I have some idea. You must be talking about market sentiment. I have been in the market for a long time, but at first, I lost a lot because my emotions worked more. I used to make losses in trades that have the potential to make a profit. Sentiment has caused me a lot of losses.
The sentiment data is based on live accounts that are connected to Myfxbook, thus our sentiment data is unique and will be different from other sentiment data sources. You can contact our support via email at [email protected] if you require additional information about our sentiment.
Staff posted: The sentiment data is based on live accounts that are connected to Myfxbook, thus our sentiment data is unique and will be different from other sentiment data sources. You can contact our support via email at [email protected] if you require additional information about our sentiment.
Market sentiment is a combination of many factors. This can be analysed in person or indeed something can be found on websites. Many people talk about it, many write about it - just take the time to analyse it all.
Mmmmmmmm well..... after analysing it for some time, it's clear it often works, but does not always work, so you're somewhat left nonethewiser because just when you think you can rely on it, price has already exhaused itself going 'against the crowd' and it won't work :| Also, the data can be rather different from provider to the next, perhaps some work out the % long or short purely on customer/account numbers, not lot numbers like Myfxbook does
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