There are billions of dollars in daily Forex investments. This shows that there are a massive number of participants in the forex industry. Many transactions are being carried out, and the majority of them are speculative. It is, therefore, obvious that you have a great advantage as you trade in Forex. Investors normally depend on technical analysis and fundamental analysis to obtain the general view of the direction of a currency pair and also identify reversals and trends. But a successful trader depends typically on the market sentiment to earn money. Hence, market sentiment software is an ideal strategy when it comes to Forex trading as it conducts precise market sentiment analysis.
Why Buy Forex Market Sentiment Software (FMS)?
This indicator shows the number of traders who trade in a short and a long position. Additionally, the tool indicates the trading volumes linked to different positions. You are supposed to use the chart indicator tool with MetaTrader4. It reveals the market sentiment details for numerous currency pairs on one chart. This one chart assists you in gaining an advantage over various traders. It also takes into consideration various extreme conditions that will assist in generating precise signals. The tool can be used individually or with other tools such as fundamental and technical analysis. The software utilizes real-time information from MyFxBook, which is a forex community with a database containing data of tens of thousands of Forex traders. The total trading volume seen in the database is in billions. Therefore, precise analysis and outcomes are seen when this comprehensive information is fully analyzed by the indicator platform.
Why Do You Need Indicator Software?
Market sentiment analysis will reveal the number of Forex traders who are in the short and long positions. It will also reveal the total volume and positions. This data will assist you in precisely predicting the direction the market is moving.
How is Forex Market Sentiment Software Used?
This tool is utilized in finding the extreme positions regarding currency pairs and the traded volumes in these positions. After receiving a notification regarding an extreme position, you are able to trade the currency against these extreme positions in a trading type referred to as contrarian trading. For instance, when most of the forex traders are selling the currency, you buy and vice versa. This kind of trading that depends on market sentiment will surely generate earnings.
How Soon Can You Achieve Results?
You can obtain results as soon as you install the software on your PC. You can view live trading positions five minutes after setting up, and you can begin making your trades instantly. The volumes reflected and trading positions on the MetaTrader4 chart will assist you in chalking out the earnings that you can make. You will get unrestricted licenses and free access to future upgrades and updates. You will also get unrestricted support in the future.
What is Achievable?
First, you can trade by obtaining first-hand knowledge regarding market sentiment. Trading without knowing about market sentiment is similar to gambling. Second, this tool offers various perspectives on Forex trading, and you can leverage the opportunity. It is similar to discovering a holy grail.
How to Make Money through Forex Market Sentiment Software
As you use the software, you require using the contrarian trading strategy. The tool can be used only to implement this trading style. It can also be utilized in making the most out of your current trading strategies.
Contrarian Trading
Purchasing when everyone is selling is the fundamental explanation of this trading style. In case most traders are losing, then it is a great decision to trade against their sentiment. MyFxBook’s database shows that the majority of traders normally trade in losing positions.
Extremes of the FMSS
In case trading positions and volumes are extreme, then the powerful contrarian signal must be followed to make a trade decision. For instance, in the case over 60 percent of volumes and traders are all short, then it is advisable to make a buy trade. This is against the trend but profitable.
FMS Reversals
The software can be utilized together with technical indicators such as STOCHASTICS, RSI, and CCI in making informed decisions. An extreme position amount that is deemed as oversold or overbought is a perfect reference point for making a trading decision.
Obtain Different Alert Styles
You can opt to get an email, pop-up alert, or push notification on your mobile device. You will be notified when a currency pair reaches an extreme. Utilizing alerts is essential if you lack the time for watching charts and wait for currency pairs to reach extremes.
Contents of the Notifications
You can set notifications for signaling the extremes of market sentiment. The setting can be even done by utilizing your favorite technical indicators, fundamental analysis, and price values. The indicator is good at gauging the market sentiment and predicting the direction of the market. This is critical when it comes to the implementation of the contrarian style of trading.
Key Software Features
1. User-Friendly Charts
Charts show all currency pairs as well as long and short positions. These positions are revealed as percentages or numerical values.
2. Short vs. Long
Charts indicate the overall trade volumes for both short and long positions. This allows you to wait until extremes of market sentiment are reached.
3. Long and Short Positions
You will be able to determine the number of traders that are long and those that are short.
4. Average Long/Short Price
The indicator computes and shows the average price of all long and short positions.
5. Filter by Extremes
You have the choice of viewing the currency pairs that are trading at extreme values or positions. For instance, you can configure to view the currency pairs that have the majority of the traders on long and short positions.
6. Notifications on Extremes
You can get notifications and alerts when a currency pair reaches an extreme. This is especially critical to those traders who lack the time to track market sentiments by following charts.
The Tool will Change Your Outlook
The indicator will accurately inform you of the operations of the Forex market. You will discover why the brokers never display sentiment information and how the middlemen earn the most money. The software will help you to participate in the major leagues.
FMS Stop Hunting
The indicator will be primarily used in identifying positions where the traders have created their stop losses. The key to being successful is to speedily move against the sentiment after the losses get triggered. As a result, you will be one of those traders who trade to leverage the reversal. This will allow you to be on the same level as brokers who know about the reversal. These are brokers who trigger the market in order to influence it.
FMS Trend Trading
You can keep an eye on the signals when the market sentiment goes against a current trend in the market. You can take the opportunity to get in the market. This is because every trader will use their stop losses, which will move the market in the trend’s direction. The trend will continue and allow you to book your earnings.
FMS Price Action Trading
The software will clearly allow you to identify candlestick patterns after a market sentiment goes extreme. Profitable opportunities for entry can be availed by looking for candlestick reversal patterns such as outside up/ three inside and hammers. These patterns indicate a trend against market sentiment.
Leveraging Automatic Signal Alerts
The instances clearly reveal the FMS indicator is a robust software that is at your disposal. It is futile to do forex trading without its assistance. Doing a Forex trade without the knowledge of what other traders are doing can lead to losses. Knowing other traders’ positions enables you to predict the market’s direction precisely. You can visit the website of the product to see the selection of successful trades that were made with the assistance of the indicator.
Ordering the Software
You can purchase the tool from the site of the product. The purchase will be done via ClickBank, which is a worldwide leader in e-commerce. The product comes with access to unlimited licenses of every trading account. Moreover, you will get lifetime support and updates. The software is also being provided at a discounted price for a limited period. There are zero hassles in attempting to use the product, keeping in mind the massive number of positive reviews obtained.
100 Percent Money Back Guarantee
Customer reviews clearly show that traders utilizing the software are satisfied and happy with the tool. The developers of the software are fully sure that traders will leverage it. Therefore, they are providing 100 percent money-back guarantee to the client. Clients can download the software and access a 60-day trial. The money will be refunded back in case they are unhappy.
FMS Affiliates
You have the chance to become an affiliate and promote the tool by having affiliates links on your site. The promotions can be done via SEO, email campaigns, and posting ads. The developers will offer you promotional materials, which they will update regularly. As an affiliate, you will get 50 percent commission on each marketing lead that you convert to a sale. The affiliate program is managed via ClickBank, and hence, you require having a ClickBank account. Marketing the tool as you use it will boost your earnings exponentially.
FMS Pros
• The program does not place a limit on the minimum amount to possess. Hence, it is suitable for all people, rich and poor. It is able to convert small Forex accounts into major accounts with millions of dollars.
• The guides have step by step instructions, and you need not worry about dealing with complex software when you buy FMS. It has been well discussed to ensure users comprehend its workings.
• The software assists you in eliminating risks that are inherent in Forex trading, including latency risk, slippage risk, and re-quote risk. FMS ensures that these risks are removed.
• The tool also has an integrated risk detection program that will prevent you from making poor or wrong decisions in Forex trading. Hence all your trades will be the best and have the highest likelihood of making a profit.
• The tool is a robot with no emotions and other behavior shown by humans. Hence, when choosing trades, it will only choose those with the least risks and greatest potential.
• The tool also guarantees each position by establishing Stop Loss Orders. This prevents you from losing a Forex account as it happens to numerous traders who don’t establish this.
• It comes with an eight-week grace period for using the program after the buy during which you can still ask for a refund. This offers you an opportunity to begin using the program, and you will witness the truth behind the program.
FMS Cons
• You require having an around the clock working internet connection because the tool depends on the internet to operate.
• FMS is a challenging system to learn. Luckily for you, there is a training course that is offered to members to assist them in learning about the tool as well as Forex trading.
Wallstnation.com Rating:
The FMS is one of the greatest tools to utilize in assisting you in analyzing the Forex market conditions and offer the best recommendations. There is no program that is able to do what this software does as it is unparalleled in its efficiency. It has been essential to numerous Forex traders for many years.
