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Differences between the Foreign Exchange Market and Stock Market May 23, 2022
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Sentiment Analysis

Mira Team by Mira Team
January 14, 2021
in Forex Terms
Reading Time: 1 min read
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Definition – What does Sentiment Analysis mean?

Sentiment analysis is a type of forex analysis that focuses on identifying and measuring the overall psychological state of all participants in the market. Sentiment analysis attempts to quantify what percentage of market participants are bullish or bearish. Once the majority sentiment is identified, a sentiment analyst will often take up a position on the opposite side on the assumption that the crowd is wrong.

ForexTerms explains Sentiment Analysis

Trading solely on sentiment is a contrarian technique depending heavily on bull/bear ratios and other sentiment indicators. Instead, sentiment analysis is usually used in conjunction with technical or fundamental analysis to add more depth to a trader’s understanding of the market. However, using multiple types of analysis may overwhelm a trader as he or she must decide how much importance to give to the different signals.

ⓘ Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

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