New Indicator of Market Sentiment for Forex Pairs And Gold at Admiral Markets

This article was last updated on April 16, 2022

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Admiral Markets have recently introduced their new indicator for gold and Forex market sentiment. It gives you a gauge of the market’s mood in real time, allowing you to make better, more effective trading decisions.

How it works

Admiral Markets’ market sentiment indicator is accessible through their website. It acts as a bull and bear index. It updates in real time and uses widgets to indicate if traders are long or short on a specific market.

For example, 70% of traders short may be short on EUR/USD, and 30% long. You can use this information to gauge how the market is moving, as well as predict how it is likely to move in the near future.

Market sentiment is a great contraindicator

By being aware of the long and short of a currency pair, you can also interpret what will happen when traders close their trades.

In our example, it would work like this:

●        70% of traders who are short of EUR/USD will have to close their trades by buying.

●        Conversely, 30% of traders will have to close their trades by selling.

You can determine from this that there will at some point be significantly more demand than supply coming into the market. There will therefore be more buying pressure than selling pressure, which you can take advantage of with open, long positions that are based on the indicator’s value.

Don’t neglect risk management

Although Admiral Markets have a fantastic service in their Forex market sentiment indicator, that does not mean you can make flawless predictions through it. There will always be risk involved – that is part and parcel of trading. Use it responsibly, as it is meant to be used: as an indicator.

If you're serious about trading, take a chance on Admiral Markets’ gold and Forex market sentiment indicator. It’s a great tool, that will help you become a master trader.

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