Professional Market Sentiment indicator
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jseesahai3:
As I understand it the professionals bet against retail traders.
So would like to know where they get this information from?
That's pretty easy because CFD trading is like betting.
I. e. You "bet" EURUSD" will go up and you like to open a BUY/Long position.
To open your position/bet you need a counterpart which holds the opposite.
This is usually your broker or the liquidity pool if you get direct market access.
That's why the broker and liquidity pool know exactly what the retailers are doing.
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Does anyone know any gool for mearusing maket sentiment?
I have the tool on smart trader from pepperstone, but i would like to know what
the profesionals use, even if it's paid for. (like a blomberg terminal)
Or is there anything else that whould give me an accurate picture as to who's buying what and from where?
As I understand it the professionals bet against retail traders. So would like to know where they get this
information from?
Cheers Jonathan.