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?
Thanks!
Thanks!
Jul 18 2021 at 13:53
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.
What did I just read
Jul 30 2021 at 05:05
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.
You can contact our support via email at [email protected] if you require additional information about our sentiment.
Hi there! Great! Thanks very much for that information. Are you able to provide me information on how many accounts you are drawing that information from?
Many thanks
Many thanks
Market sentiment helps a lot in trading. If I can predict, the idea of market movement will be formed. It is important to understand the sentiment of traders.
Jul 31 2021 at 13:11
Staff posted:Thank you very much. To provide information.
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.
Sep 30 2021 at 19:26
It's not a big mystery. It can be found on various analytical resources.
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.
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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