XAG/USD retail traders are majority long.
Retail forex traders appears to have a slight bias for long trades.
Leverage on the market to plan your trades.
Watch the video to get insights on the sentiments of forex traders based on their Long : Short ratio of open positions.
This may help you get a pulse on the market momentum and trend. For example if 90% of all traders are long on a currency pair, what is that telling us? If we were to explore further, we know that most retail forex traders lose money. Does this mean trading against them is better? This is also know as contrarian investing.
For contrarian investors, will you trade against the retail market?
Don’t miss out! Members get their own private dashboard with historical data and colour shading for easy visualisation of trends. For example, if the majority of retail forex traders are longing the EUR/USD for the past 4 weeks, it may suggest momentum.
Power up your forex trading today.