-
This chart shows the positions Myfxbook members have on EURUSD. As you can see, the majority is nearly always wrong: They hold long positions when market is falling, and switch to short when it rises.
It makes sense though: the industrial forex players who make the most money arent on myfxbook - the money flows from small myfxbookers to the big players, which explains the graph above...
Of course profit-taking and long-term trading must affect this, but it still seems to give pretty good advice.
Has anyone tried simply betting against the community preference, no matter what the price does?
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
Forum Rules