Crowds move markets and at major market turning points, the crowds are almost always wrong. When crowd sentiment is overwhelmingly positive or overwhelmingly negative ? it's a signal that the trend is exhausted and the market is ready to move powerfully in the opposite direction. Sentiment has long been a tool used by equity, futures, and options traders.
In Sentiment in the Forex Market, FXCM analyst Jaime Saettele applies sentiment analysis to the currency market, using both traditional and new sentiment indicators, including: Commitment of Traders reports; time cycles; pivot points; oscillators; and Fibonacci time and price ratios. He also explains how to interpret news coverage of the markets to get a sense of when participants have become overly bullish or bearish. Saettele points out that several famous traders such as George Soros and Robert Prechter made huge profits by identifying shifts in crowd sentiment at major market turning points. Many individual traders lose money in the currency market, Saettele asserts, because they are too short-term oriented and trade impulsively. He believes retail traders would be much more successful if they adopted a longer-term, contrarian approach, utilizing sentiment indicators to position themselves at the beginning points of major trends.
Product Details
No details are available for this product
Video Reviews
No video reviews found for this product.
Customer Reviews
Insightful and helpful!!!!
Review Date: November 4, 2008
Reviewer: Vishal Gandhi, New York, NY
I was looking for a helpful read on the FX markets from an investing perspective -the author really nails key themes and his contrarian approach came ahead of all the madness in the markets (published in August 2007 I believe), so he must be on to something. I highly recommend this book for the novice and sophisticated investor alike.
Phenomenal Insight...and Perfectly Timed Considering the Market
Review Date: November 4, 2008
Reviewer: Ryan Kaplan,
In a time when negative sentiment is overrunning the market, guidance and insight into the factors and affects of crowd behavior is critically important. Jamie Saettele has provided that insight for the forex market in his book "Sentiment in the Forex Market."
For anyone who has any desire to invest in currencies in this market, or for that matter, any market, up or down, it is crucially important to understand crowd sentiment. "Sentiment in the Forex Market" provides the guidance necessary for primarily seasoned, but also "beginning" traders, to succeed in the forex market. From in depth analysis, strategies and historical precedents, to anecdotes and easy to follow lessons, Jamie Saettele has clearly outlined the drivers and affects of crowd sentiment, and has provided a road map to understanding crowd sentiment, and using that understanding, and the indicators he discusses, to succeed in the forex market.
A Comprehensive Guide That Can Benefit Anyone investing in Forex Markets
Review Date: November 4, 2008
Reviewer: R. Brandon Wolfe, atlanta, GA
Perhaps the first truly comprehensive guide to contemporary Forex investing, Saettele's "Sentiment in the Forex Market" is both a well-rounded guide to forex investing and a thoroughly enjoyable read. Advocating an approach that takes into account both established technical methods of analyses, and the equally, if not more important psychological factors that drive the forex markets, Saettele constructs a fortified, succinct methodology. Frequently hilarious, Saettele's greatest gift to the reader is one that eludes most all writers of investment guides - it's actually enjoyable to read. Saettele's technical know-how is crystal clear from the beginning, but it would be (as is frequently symptomatic of books of this sort) waisted without his equally impressive ability to distill the mathematical complexities of his research into coherent, useful guidance. A well-rounded and learned book by a bright young analyst, "Sentiment in the Forex Markets" should emerge as cornerstone for a new generation of investors.
Jaime Saettele -- you are my FX hero!
Review Date: November 4, 2008
Reviewer: Avni Vora, San Francisco, CA
Perhaps it is because I am a woman, but I have long believed that emotions and psychology can move markets more than fundamentals, and Jaime Saettele knocks this concept out of the park in this book. As retail investors like myself begin to dabble more in the foreign exchange markets, it is important to understand how to rationally interpret market sentiment amidst the daily volatility. In these days of information overload with CNBC and Wall Street Journal constantly bombarding the investing public, Saettele outlines how to correctly identify scenarios where going against the majority can translate to profit. This book was highly recommended to me, and I would do the same to anyone looking for an intelligent and entertaining take on how to be a successful long-term investor in the Forex markets.
A Great Read!
Review Date: November 4, 2008
Reviewer: Wesley J. Fetchet,
Jamie truly understands how forex markets work from a historical and current standpoint. His insight will prove to be relevant for years to come. I highly recommend.
If you enjoy BBQ, and want the best that it has to offer, visit Barbecue Party for all the BBQ goodness that you can handle.
You will find a huge selection of the best Barbecue Recipes on the 'net, guides, tips and advice, competition schedules, handy articles, as well as a fully stocked BBQ store.
No details are available for this product
No video reviews found for this product.
- 
- 
- 
Blog Collector
Insightful and helpful!!!!