ETX Capital is pleased to announce the roll-out of a new and exciting feature on our English language websites – our client sentiment mapper. Spread Betting and Forex trading clients of ETX Capital will be able to look at a product and see how their fellow ETX Capital traders as a whole have been trading it. They will be able to view sentiment in a number of different formats.

Firstly, there is the current sentiment feature, where traders can look at the general trading sentiment towards particular product (bullish or bearish) at this point in time. Thinking about trading on crude oil? Or taking a position on Gold? You’ll be able to check out an interactive chart which can quickly and easily show you the direction that other traders are moving towards with regards to these products.

sentiment-markets

Alternatively, traders can choose to view the actual price of a product versus its sentiment over a given number of days, looking at how traders have previously reacted to price fluctuations of the product in question. Traders should keep in mind that the pricing shown in the graph is delayed by 15 minutes, is provided by a third party and is not in its original raw form. Let’s look at an example of this sort of chart, using the FX currency pair of EUR/USD.

sentiment-graph

As you can see from the chart, sentiment and price direction, whilst not exactly the same, can often move in a similar direction as traders react to movements which they can already see. However, it also shows that, unsurprisingly, traders don’t always correctly predict the way that the market is going to move.  In terms of general market direction, however, recent market sentiment is certainly a factor deserving of consideration.

As well as the graphs and charts, the sentiments section also includes access to a constantly updated stream of financial news articles, which change dependent on the product that the user has clicked on. Want to find out more about GBP/USD? All you’ll need to do is click on the product in the ‘Markets’ tab and articles regarding that FX pair will appear in the news feed on the right. You’ll be able to see articles on the the product’s general movement, as well as discussions of specific comments made by financial analysts and strategists – as  can be seen in this example;

sentiment-news

It couldn’t be easier to find these great new features - all you need to do is go to the Home Page of the website and scroll down. We hope that the additional news and information regarding these trading products will open up an entirely different aspect of trading to ETX Capital clients.