Asas Pembelajaran Mengenali Saham

7/17/2019 Asas Pembelajaran Mengenali Saham

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3 Types of Forex Market Analysis

By now you’ve learned some history about the forex, how it works, what aects the prices, blah

blah blah.

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ.

This is all obviously super important, but know that you’re now thinking

BORING!

SHOW

ME

HOW

TO

MAE

MONE

A"REA#!!!!

!ell say no more friends because here is where your "ourney as a forex trader begins



This is your last chance to turn back

Take the re$ pill, forget everything, and we’ll take you back to where you were before.

#ou can go back to living your average life in your $%& "ob and work for someone else for the rest of

your life

OR%

#ou can take the &reen pill, which is fully loaded with the dollar extract, and learn how you can

make money for yourself in the most active market in the world, simply by using a little brain

power.

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To begin, let’s look at three ways on how you would analy+e and develop ideas to trade the market.

There are three basic types of forex market analysis(

1. Technical 2nalysis

3. 4undamental 2nalysis

. 5entiment 2nalysis

There has always been a constant debate as to which analysis is better, but to tell you the truth,

you need to know all three.

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6t’s kind of like standing on a three%legged stool 7 if one of the legs is weak, the stool will break

under your weight and you’ll fall 8at on your face. The same holds true in trading. 6f your analysis

on any of the three types of trading is weak and you ignore it, there’s a good chance that it will

cause you to lose out on your trade9

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Te'(ni'al Analysis

Technical analysis is the framework in which forex traders study price movement.

The theory is that a person can look at historical price movements and determine the current

trading conditions and potential price movement.

The main evidence for using technical analysis is that, theoretically, all current market information

is re8ected in price. 6f price re8ects all the information that is out there, then price action is all one

would really need to make a trade.

:ow, have you ever heard the old adage, ;History ten$s to repeat itself ;<

!ell, that’s basically what technical analysis is all about9 6f a price level held as a key support or

resistance in the past, traders will keep an eye out for it and base their trades around that

historical price level.

Technical analysts look for similar patterns that have formed in the past, and will form trade ideas

believing that price will act the same way that it did before.

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6n the world of currency trading, when someone says technical analysis, the =rst thing that comes

to mind is a chart. Technical analysts use charts because they are the easiest way to visuali+e

historical data9

#ou can look at past data to help you spot trends and patterns which could help you =nd some

great trading opportunities.

!hat’s more is that with all the traders who rely on technical analysis out there, these price

patterns and indicator signals tend to become self%ful=lling.

2s more and more forex traders look for certain price levels and chart patterns, the more likely that

these patterns will manifest themselves in the markets.

#ou should know though that technical analysis is >?'# sub"ective.

@ust because 'alph and @oseph are looking at the exact same currency chart setup or indicators

doesn’t mean that they will come up with the same idea of where price may be headed.

The important thing is that you understand the concepts under technical analysis so you won’t get

nosebleeds whenever somebody starts talking about 4ibonacci, Bollinger bands, or pivot points.



:ow we know you’re thinking to yourself, ;Aee+, these guys are smart. They use cra+y words like

4ibonacci’ and Bollinger’. 6 can never learn this stu9C

Don’t worry yourself too much. 2fter you’re done with the 5chool of Eipsology, you too will be "ust

as uhmmm ;smartC as us.

By the way, do you feel that green pill kicking in yet? Bark like a dog!

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F)n$a*ental Analysis

4undamental analysis is a way of looking at the forex market by analy+ing economic, social, andpolitical forces that may aect the supply and demand of an asset. 6f you think about it, this makes

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a whole lot of sense9 @ust like in your ?conomics 1F1 class, it is supply and demand that determines

price, or in our case, the currency exchange rate.

Gsing supply and demand as an indicator of where price could be headed is easy. The hard part is

analy+ing all of the factors that aect supply and demand.

6n other words, you have to look at dierent factors to determine whose economy is rockin’ like a

Taylor 5wift song, and whose economy sucks. #ou have to understand the reasons of why and how

certain events like an increase in the unemployment rate aects a country’s economy and

monetary policy which ultimately, aects the level of demand for its currency.

The idea behind this type of analysis is that if a country’s current or future economic outlook is

good, their currency should strengthen. The better shape a country’s economy is, the more foreign

businesses and investors will invest in that country. This results in the need to purchase that

country’s currency to obtain those assets.

6n a nutshell, this is what f)n$a*ental analysis is(

4or example, let’s say that the G.5. dollar has been gaining strength because the G.5. economy is

improving. 2s the economy gets better, raising interest rates may be needed to control growth and

in8ation.

-igher interest rates make dollar%denominated =nancial assets more attractive. 6n order to get theirhands on these lovely assets, traders and investors have to buy some greenbacks =rst. 2s a result,

the value of the dollar will likely increase.

Hater on in the course, you will learn which economic data points tends to drive currency prices,

and why they do so. #ou will know who the 4ed 0hairman is and how retail sales data re8ects the

economy. #ou’ll be spitting out interest rates like baseball statistics.

But for now, "ust know that fundamental analysis is a way of analy+ing the potential moves of a

currency through the strength or weakness of that country’s economic outlook. 6t’s going to be

awesome, we promise9

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http://online.wsj.com/articles/for-taylor-swift-the-future-of-music-is-a-love-story-1404763219

http://www.babypips.com/forexpedia/Unemployment_Rate

http://www.bloomberg.com/news/2013-10-08/yellen-to-be-named-fed-chairman-as-obama-taps-first-female-chief.html

http://www.babypips.com/school/kindergarten/three-types-of-analysis/fundamental-analysis.html#ixzz3hRCiQTiI


http://online.wsj.com/articles/for-taylor-swift-the-future-of-music-is-a-love-story-1404763219

http://www.babypips.com/forexpedia/Unemployment_Rate

http://www.bloomberg.com/news/2013-10-08/yellen-to-be-named-fed-chairman-as-obama-taps-first-female-chief.html





Senti*ent Analysis

?arlier, we said

that price action should theoretically re8ect all available market information. Gnfortunately for us

forex traders, it isn’t that simple. The forex markets do not simply re8ect all of the information out

there because traders will all "ust act the same way. Jf course, that isn’t how things work.

This is why senti*ent analysis is important. ?ach trader has his or her own opinion of why the

market is acting the way it does. The market is "ust like 4acebook 7 it’s a complex network made up

of individuals who want to spam our news feeds.

Kidding aside, the market basically represents what all traders 7 you, Eipcrawler, or 0eline from thedonut shop 7 feel about the market. ?ach trader’s thoughts and opinions, which are expressed

through whatever position they take, helps form the overall sentiment of the market regardless of

what information is out there.

The problem is that as retail traders, no matter how strongly you feel about a certain trade, you

can’t move the forex markets in your favor. ?ven if you truly believe that the dollar is going to go

up, but everyone else is bearish on it, there’s nothing much you can do about it Lunless you’re one

of the A5s 7 Aeorge 5oros or Aoldman 5achs9M.

2s a trader, you have to take all this into consideration. #ou need to perform sentiment analysis.

6t’s up to you to gauge how the market is feeling, whether it is bullish or bearish, and youdecide how you want to incorporate your perception of market sentiment into your trading

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http://www.babypips.com/forexpedia/Bullish

http://www.babypips.com/forexpedia/Bearish


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http://www.babypips.com/forexpedia/Bullish




strategy. 6f you choose to simply ignore market sentiment, that’s your choice. But hey, we’re telling

you now, it’s your loss9

Being able to gauge market sentiment aka sentiment analysis can be an important tool in your

toolbox. Hater on in school, we’ll teach you how to analy+e currency market sentiment and use it to

your advantage, like @edi mind tricks.

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W(i'( Type of Analysis for Forex Tra$in& is Best+

2hhhh, the million dollar Ouestion.

Throughout your "ourney as an aspiring forex trader you will =nd strong advocates for each type of

analysis. Do not be fooled by these one%sided extremists9 Jne is not better than the otherthey

are all "ust dierent ways to look at the market.

2t the end of the day, you should trade based on the type of forex analysis you are most

comfortable and pro=table with.

To recap, te'(ni'al analysis is the study of currency price movement on the charts while

f)n$a*ental analysis takes a look at how the country’s economy is doing.

arket senti*ent analysis determines whether the market is bullish or bearish on the current or

future fundamental outlook.

4undamental factors shape sentiment, while technical analysis helps us visuali+e that sentiment

and apply a framework to create our trade plans.

Those three work hand%in%hand%in%hand to help you come up with good forex trade ideas. 2ll the

historical price action and economic =gures are there 7 all you have to do is put on your thinking

cap and put those analytical skills to the test9

Het me pull out that three%legged stool again "ust to emphasi+e the importance of all three types of

analysis.

Take out one or two legs of the stool and it’s going to be shaky, right<9

http://www.babypips.com/school/kindergarten/three-types-of-analysis/technical-analysis.html

http://www.babypips.com/school/kindergarten/three-types-of-analysis/fundamental-analysis.html

http://www.babypips.com/school/kindergarten/three-types-of-analysis/sentimental-analysis.html


http://www.babypips.com/school/kindergarten/three-types-of-analysis/fundamental-analysis.html

http://www.babypips.com/school/kindergarten/three-types-of-analysis/sentimental-analysis.html



6n order to become a true forex master you will need to know how to eectively use these three

types of forex market analysis.

Don’t believe us<

Het us give you an example of how focusing on only one type of analysis can turn into a disaster.

Het’s say that you’re looking at your charts and you =nd a good trading opportunity.#ou get

all excited thinking about the money that’s going to be raining down from the sky.#ou say to

yourself, ;an, 6’ve never seen a more perfect trading opportunity in ABE)G5D. 6 love my

charts. wah. :ow show me the money9C

#ou then proceed to buy ABE)G5D with a big fat smile on your face Lthe kind where all your

teeth are showingM.

But wait9 2ll of a sudden the trade makes a 1FF pip move in the OTHER #IRE,TION9 Hittle

did you know, one of the ma"or banks in Hondon =led for bankruptcy9 5uddenly, everyone’s

sentiment towards Britain’s market turns sour and everyone trades in the opposite direction9

#our big fat smile turns into mush and you start getting angry at your charts. #ou throw

your computer on the ground and begin to pulveri+e it. #ou "ust lost a bunch of money, and

now your computer is broken into a billion pieces.2nd it’s all because you completely ignored

fundamental analysis and sentimental analysis.

L:ote( This was not based on a real story. This did not happen to us. !e were never this naive. !e

were always smart forex traders. 4rom the overused sarcasm, we think you get the picture.M

Jk, ok, so the story was a little over%dramati+ed, but you get the point.



'emember how your mother used to tell you as a kid that too much of anything is never good<

!ell you might’ve thought that was "ust hogwash back then but in forex, the same applies when

deciding which type of analysis to use.

Don’t rely on "ust one.

6nstead, you must learn to balance the use of all of them. 6t is only then that you can really get the

most out of your trading.

Where do we go from here?

:ow that you’re done with Kindergarten and learned a little bit about each type of analysis, it’s

time to delve much deeper9 -ere’s what’s in store for the next few years of your life

!e’re kidding, we’re kidding9 !e’re talking about the next few school years in the 5chool of

Eipsology.

Arade school will be all about basic technical analysis tools.

#ou’ll learn all about the dynamics behind price action, such as support and resistance levels,

candlestick formations, and common chart patterns. #ou’ll experiment with leading and lagging

indicators and discover how to use them in coming up with trade ideas. 5ounds pretty exciting,

doesn’t it<

The remaining years of middle school and high school are devoted to studying more technical

analysis tools.

!e’ll take a look at the more advanced forex tools also such as pivot points, divergences, ?lliott

!ave Theory, and Aartley patterns. 5ounds fancy< 6t’s because they are9 Bet you can’t wait to get

started on those9

0ollege will be a bit more complicated since you’ll be tackling both fundamental and market

sentiment analysis at the same time. Talk about hitting two birds with one stone9 #ou’re the

stone and the birds are well, you get the point.

2 couple of reasons why we’re putting fundamental and market sentiment analysis together(

By the time you reach college, you’ll be so hooked on learning more about forex that one

lesson simply won’t be enough.

6t is hard to draw the line between fundamental analysis and market sentiment analysis,

but you’ll get there with deliberate practice.

2s we mentioned earlier, fundamental factors are mostly responsible for shaping forex market

sentiment. Those two types of analysis would take up both freshman and sophomore year of

college.

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3 Types of Forex ,(arts an$ Ho- to Rea$ T(e*

Het’s take a look at the three most popular types of forex charts(

1. Hine chart

3. Bar chart

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. 0andlestick chart

:ow, we’ll explain each of the forex charts, and let you know what you should know about each of

them.

Line Charts

2 simple line chart draws a line from one closing price to the next closing price. !hen strung

together with a line, we can see the general price movement of a currency pair over a period of

time.

-ere is an example of a line chart for ?G')G5D(

Bar Charts

2 bar chart is a little more complex. 6t shows the opening and closing prices, as well as the highs

and lows. The bottom of the vertical bar indicates the lowest traded price for that time period,

while the top of the bar indicates the highest price paid.

The vertical bar itself indicates the currency pair’s trading range as a whole.

The hori+ontal hash on the left side of the bar is the opening price, and the right%side hori+ontal

hash is the closing price.

-ere is an example of a bar chart for ?G')G5D(



Take note, throughout our lessons, you will see the word ;barC in reference to a single piece of data

on a chart.

2 bar is simply one segment of time, whether it is one day, one week, or one hour. !hen you see

the word bar’ going forward, be sure to understand what time frame it is referencing.

Bar charts are also called ;J-H0C charts, because they indicate the Jpen, the -igh, the How, and

the 0lose for that particular currency. -ere’s an example of a price bar(

Open( The little hori+ontal line on the left is the opening price

Hi&(( The top of the vertical line de=nes the highest price of the time period

"o-( The bottom of the vertical line de=nes the lowest price of the time period



,lose( The little hori+ontal line on the right is the closing price

Candlesticks Charts

0andlestick charts show the same price information as a bar chart, but in a prettier, graphic

format.

0andlestick bars still indicate the high%to%low range with a vertical line.

-owever, in candlestick charting, the larger block Lor bodyM in the middle indicates the range

between the opening and closing prices. Traditionally, if the block in the middle is =lled or colored

in, then the currency pair closed lower than it opened.

6n the following example, the =lled color’ is black. 4or our =lled’ blocks, the top of the block is the

opening price, and the bottom of the block is the closing price. 6f the closing price is higher than

the opening price, then the block in the middle will be ;whiteC or hollow or un=lled.

-ere at BabyEips.com, we don’t like to use the traditional black and white candlesticks. They "ust

look so unappealing. 2nd since we spend so much time looking at charts, we feel it’s easier to look

at a chart that’s colored.

2 color television is much better than a black and white television, so why not splash some color

on those candlestick charts<

!e simply substituted green instead of white, and red instead of black. This means that if the price

closed higher than it opened, the candlestick would be green.

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http://www.babypips.com/



6f the price closed lower than it opened, the candlestick would be red.

6n our later lessons, you will see how using green and red candles will allow you to ;seeC things on

the charts much faster, such as uptrend)downtrends and possible reversal points.

4or now, "ust remember that on forex charts, we use red and green candlesticks instead of blackand white and we will be using these colors from now on.

0heck out these candlesticksBabyEips.com style9 2www yeeaaah9 #ou know you like that9

-ere is an example of a candlestick chart for ?G')G5D. 6sn’t it pretty<



The purpose of candlestick charting is strictly to serve as a visual aid, since the exact same

information appears on an J-H0 bar chart. The advantages of candlestick charting are(

0andlesticks are easy to interpret, and are a good place for beginners to start =guring out

forex chart analysis.

0andlesticks are easy to use9 #our eyes adapt almost immediately to the information in the

bar notation. Elus, research shows that visuals help with studying, so it might help with trading

as well9

0andlesticks and candlestick patterns have cool names such as the ;shooting star,C which

helps you to remember what the pattern means.

0andlesticks are good at identifying market turning points 7 reversals from an uptrend to a

downtrend or a downtrend to an uptrend. #ou will learn more about this later.

:ow that you know why candlesticks are so cool, it’s time to let you know that we will be using

candlestick forex charts for most, if not all of forex chart examples on this site.

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Forex S)pport an$ Resistan'e

5upport and resistance is one of the most widely used concepts in forex trading. 5trangely enough,

everyone seems to have their own idea on how you should measure forex support and resistance.

Het’s take a look at the basics =rst.

Hook at the diagram above. 2s you can see, this +ig+ag pattern is making its way up Lbull marketM.

!hen the forex market moves up and then pulls back, the highest point reached before it pulledback is now resistance.



2s the market continues up again, the lowest point reached before it started back is now support.

6n this way, resistance and support are continually formed as the forex market oscillates over time.

The reverse is true for the downtrend.

Elotting 4orex 5upport and'esistance

Jne thing to remember is that support and resistance levels are not exa't n)*.ers.

Jften times you will see a support or resistance level that appears broken, but soon after =nd out

that the market was "ust testing it. !ith candlestick charts, these ;testsC of support and resistance

are usually represented by the candlestick shadows.

:otice how the shadows of the candles tested the 1./PFF support level. 2t those times it seemed

like the market was ;breakingC support. 6n hindsight we can see that the market was merely

testing that level.

So how do we truly know if support and resistance was broken?

There is no de=nite answer to this Ouestion. 5ome argue that a support or resistance level is

broken if the market can actually close past that level. -owever, you will =nd that this is not always

the case.

Het’s take our same example from above and see what happened when the price actually closed

past the 1./PFF support level.

http://www.babypips.com/school/types-of-charts.html

http://www.babypips.com/school/types-of-charts.html



6n this case, price had closed below the 1./PFF support level but ended up rising back up above it.

6f you had believed that this was a real breakout and sold this pair, you would’ve been seriously

hurtin’9

Hooking at the chart now, you can visually see and come to the conclusion that the support was not

actually brokenQ it is still very much intact and now even stronger.

To help you =lter out these false breakouts, you should think of support and resistance more of as

;+onesC rather than concrete numbers.

Jne way to help you =nd these +ones is to plot support and resistance on a line chart rather than a

candlestick chart. The reason is that line charts only show you the closing price while candlesticks

add the extreme highs and lows to the picture.

These highs and lows can be misleading because often times they are "ust the ;knee%"erkC

reactions of the market. 6t’s like when someone is doing something really strange, but when asked

about it, he or she simply replies, ;5orry, it’s "ust a re8ex.C

When plotting support and resistance, you don’t want the reexes of the market. You only want to

plot its intentional moements.

Hooking at the line chart, you want to plot your support and resistance lines around areas where

you can see the price forming several peaks or valleys.

http://www.babypips.com/school/kindergarten/types-of-charts/types-of-charts.html

http://www.babypips.com/school/kindergarten/types-of-charts/types-of-charts.html



Other interesting tidbits about forex support and resistance:

!hen the price passes through resistance, that resistance could potentially become

support.

The more often price tests a level of resistance or support without breaking it, the stronger

the area of resistance or support is.

!hen a support or resistance level breaks, the strength of the follow%through move

depends on how strongly the broken support or resistance had been holding.

!ith a little practice, you’ll be able to spot potential forex support and resistance areas easily. 6n

the next lesson, we’ll teach you how to trade diagonal support and resistance lines, otherwise

known as forex trend lines.

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W(at is a /apanese ,an$lesti'k+

!hile we brie8y covered @apanese candlestick charting analysis in the previous forex lesson, we’ll

now dig in a little and discuss them more in detail. Het’s do a Ouick review =rst.

@apanese 0andlestick TradingBack in the day when Aod+illa was still a cute little li+ard, the @apanese created their own old school

version of technical analysis to trade rice. That’s right, rice.

2 !esterner by the name of 5teve :ison ;discoveredC this secret techniOue called ;@apanese

candlesticks,C learning it from a fellow @apanese broker. 5teve researched, studied, lived, breathed,

ate candlesticks, and began to write about it. 5lowly, this secret techniOue grew in popularity in the

$F’s. To make a long story short, without 5teve :ison, candlestick charts might have remained a

buried secret. 5teve :ison is r. 0andlestick.

Okay so what the heck are !apanese candlesticks?

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http://www.candlecharts.com/why-nison-candlesticks.html#aboutsteve







The best way to explain is by using a picture(

@apanese candlesticks can be used for any forex time frame, whether it be one day, one hour, F%

minutes 7 whatever you want9 They are used to describe the price action during the given time

frame.

@apanese candlesticks are formed using the open, high, low, and close of the chosen time period.

6f the close is above the open, then a hollow candlestick Lusually displayed as whiteM is

drawn.

6f the close is below the open, then a =lled candlestick Lusually displayed as blackM is

drawn.

The hollow or =lled section of the candlestick is called the ;real bodyC or body.

The thin lines poking above and below the body display the high)low range and are called

shadows.

The top of the upper shadow is the ;highC.

The bottom of the lower shadow is the ;lowC.

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"apanese%candlestick.html*ix++h'4K:cER

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http://www.babypips.com/school/high-school/multiple-time-frame-analysis/multiple-time-frame-analysis.html





Fi.ona''i Tra$in&

!e will be using 4ibonacci ratios a lot in our trading so you better learn it and love it like your

mother’s home cooking. 4ibonacci is a huge sub"ect and there are many dierent 4ibonacci studies

with weird%sounding names but we’re going to stick to two( retracement and extension.

Het us =rst start by introducing you to the 4ib man himselfHeonardo 4ibonacci.



:o, Heonardo 4ibonacci isn’t some famous chef. 2ctually, he was a famous 6talian mathematician,

also known as a super duper uber ultra geek.

-e had an ;2ha9C moment when he discovered a simple series of numbers that created ratios

describing the natural proportions of things in the universe.

The ratios arise from the following number series( F, 1, 1, 3, , &, S, 1, 31, /, &&, S$, 1//

This series of numbers is derived by starting with F followed by 1 and then adding F 1 to get 1,

the third number. Then, adding the second and third number L1 1M to get 3, the fourth number,and so on.

2fter the =rst few numbers in the seOuence, if you measure the ratio of any number to the

succeeding higher number, you get .R1S. 4or example, / divided by && eOuals .R1S.

6f you measure the ratio between alternate numbers you get .S3. 4or example, / divided by S$ U

F.S3 and that’s as far as into the explanation as we’ll go.

These ratios are called the ;golden meanC. Jkay that’s enough mumbo "umbo. !ith all those

numbers, you could put an elephant to sleep. !e’ll "ust cut to the chaseQ these are the ratios you

-2>? to know(

"ibonacci #etracement Le$els

F.3R, F.S3, F.&FF, F.R1S, F.PR/

"ibonacci %xtension Le$els

F, F.S3, F.R1S, 1.FFF, 1.S3, 1.R1S



#ou won’t really need to know how to calculate all of this. #our charting software will do all the work

for you. Besides, we’ve got a nice 4ibonacci calculator that can magically calculate those levels for

you. -owever, it’s always good to be familiar with the basic theory behind the indicator so you’ll

have the knowledge to impress your date.

Traders use the 4ibonacci retracement levels as potential s)pport an$ resistan'e areas. 5inceso many traders watch these same levels and place buy and sell orders on them to enter trades or

place stops, the support and resistance levels tend to become a self%ful=lling prophecy.

Traders use the 4ibonacci extension levels as pro0t takin& le1els. 2gain, since so many traders

are watching these levels to place buy and sell orders to take pro=ts, this tool tends to work more

often than not due to self%ful=lling expectations.

ost charting software includes both 4ibonacci retracement levels and extension level tools. 6n

order to apply 4ibonacci levels to your charts, you’ll need to identify 5wing -igh and 5wing How

points.

2 S-in& Hi&( is a candlestick with at least two lower highs on both the left and right of itself.

2 S-in& "o- is a candlestick with at least two higher lows on both the left and right of itself.

#ou got all that< Don’t worry, we’ll explain retracements, extensions, and most importantly, how to

grab some pips using the 4ibonacci tool in the following lessons.

'ead more( http())www.babypips.com)school)elementary)=bonacci)=bonacci%

who.html*ix++h'4pbJ0m

Forex Market Senti*ent

&ow's (r) (arket "eeling?

http://www.babypips.com/tools/forex-calculators/


http://www.babypips.com/school/elementary/fibonacci/fibonacci-who.html#ixzz3hRFpbOCm







?very forex trader will always have an opinion about the market.

;6t’s a bear market, everything is going to hell9C

;Things are looking bright. 6’m pretty bullish on the markets right now.C

?ach and every trader will have their own personal explanation as to why the market is moving a

certain way.

!hen trading, traders express this view in whatever trade he takes. But sometimes, no matter how

convinced a trader is that the markets will move in a particular direction, and no matter how pretty

all the trend lines line up, the trader may still end up losing.

2 forex trader must reali+e that the overall market is a combination of all the views, ideas and

opinions of all the participants in the market. That’s right ?>?'#J:?.

This combined feeling that market participants have is what we call *arket senti*ent.

6t is the dominating emotion or idea that the ma"ority of the market feels best explains the current

direction of the market.

&ow to *e$elop a (arket Sentiment+Based ,pproach

2s a forex trader, it is your "ob to gauge what the market is feeling. 2re the indicators pointing

towards bullish conditions< 2re traders bearish on the economy< !e can’t tell the market what we

think it should do. But what we can do is react in response to what is happening in the markets.

:ote that using the market sentiment approach doesn’t give a precise entry and exit for each

trade. But don’t despair9 -aving a sentiment%based approach can help you decide whether you

should go with the 8ow or not. Jf course, you can always combine market sentiment analysis with

technical and fundamental analysis to come up with better trade ideas.

6n stocks and options, traders can look at volume traded as an indicator of sentiment. 6f a stock

price has been rising, but volume is declining, it may signal that the market is overbought. Jr if a

declining stock suddenly reversed on high volume, it means the market sentiment may have

changed from bearish to bullish.


http://www.babypips.com/school/high-school/fundamental-analysis/what-is-fundamental-analysis.html







Gnfortunately, since the forex market is traded over%the%counter, it doesn’t have a centrali+ed

market. This means that the volume of each currency traded cannot be easily measured.

A25E9

J- :JJJJ9999

!ithout any tools to measurevolume, how can a forextrader measure marketsentiment<9



This is where the,o**it*ent of Tra$ers

report comes in9

'ead more( http())www.babypips.com)school)undergraduate)freshman%year)market%

sentiment)what%is%market%sentiment.html*ix++h'AlN!Jx

http://www.babypips.com/school/undergraduate/freshman-year/market-sentiment/what-is-market-sentiment.html#ixzz3hRGlXWOx




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