Sentiment can be considered as a tool to measure trading sentiment between the buying and selling sides. It is shown on the left-hand side of the screen for traders to follow. They then can make a decision based on the majority of HIGHER<\/strong><\/span> or LOWER<\/strong><\/span>. That is, for an asset, when the buying side opens many orders, there is a high probability that the price will rise and vice versa.<\/span><\/p>\n

It is true that when looking at this tool, everyone will love it because it helps you to get trading “advice” from many other traders. Some traders even use only this tool to open orders. This is a very negative trading strategy when listening to the crowd. They don’t know that crowds often make emotional decisions that lead to the loss of money.<\/span><\/p>\n