82. Market Sentiment: When following the crowd can backfire
Let’s Talk Forex with Alison and Chris
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Show Notes
This week Alison and Chris talk about market sentiment and why it can be a confusing indicator for many beginners. So, if you find yourself trading against market sentiment, don't panic! You're probably right... But listen in to find out why and how you can use sentiment analysis as part of a successful trading strategy.
Links:
IG Client Sentiment Report: https://www.dailyfx.com/sentiment-report
COT Report:https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm
Long term trading strategy with the COT Report: https://fxscouts.com/forex-education/long-term-trading-strategy-with-the-cot-report/
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.