The speculative sentiment index ssi is one of the most powerful tools at a traders disposal. This article will help to find out when is the best time to trade.
what is ssi in forex trading
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Now you can get the sentiment of your trading peers plotted right on your chart.
What is ssi in forex trading. To test the effect that ssi might have on your trading strategy download a free forex demo account today to trade risk free on real price data. Whatever the case i wish you well with it. Sometimes it may be at night.
Dynamics of new york london and asian trading sessions is important so a trader can pick the best currency pair to trade. Its mission is to keep traders connected to the markets and to each other in ways that positively influence their trading results. The ssi however analyses current.
The speculative sentiment index ssi is a proprietary tool offered by fxcm. Unlike major equities or futures markets there is no single centralized exchange for forex trading. New york or london sessions may not be the best solution for your plans.
What is the speculative sentiment index ssi. Ssis profile at forex factory. Fxcm has created a new speculative sentiment index indicator for trading station.
Hi andretsc another update in regards to your question. The speculative sentiment indicator ssi is a powerful contrarian indicator that can help you locate trading opportunities by gauging trader positioning and sentiment in the forex market. It graphs the data in real time so you can see both current and historical trading sentiment on your charts.
Ssi is the prime indicator to do sentiment analysis although there are others such as the cot report for long term trading but acquiring the ssi in the form of an indicator for forex does not come cheap. On top of the past and current trading sessions this auto session indicator for mt4 also shows time of the future. Forex pin ea automated forex trading using speculative sentiment index ssi.
See where other traders are in the markets with our trader sentiment. Many technical indicators such as moving averages use past data and in a certain sense look in a backward fashion to understand trends. Compared to other popular indicators such as isessions for example our forex market session indicator has a number of advantages.
Forex factory is for professional foreign exchange traders. Ssi indicator for mt4. We use ig client sentiment to show trader positioning across forex stocks and commodities.
Such decentralized activity makes finding uniform open interest data. Fxssitradingsessions is a simple and at the same time quite functional forex session indicator.