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Trading Binary Options: Strategies and Tactics by Abe Cofnas

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CHAPTER 3

Sentiment Analysis: The New Predictive Tools

This chapter will provide an introduction and guide to one of the newest and most important tools for understanding fundamental forces as it relates to binary option trading. Let’s call it sentiment detection for predicting direction. You will learn how to use sentiment detection tools as part of conducting fundamental analysis. A review of key fundamental economic forces and which markets they impact is also provided.

Defining Sentiment

At the heart of binary option trading is the need to anticipate the direction the underlying market will go. To make that decision, traders cannot ignore market sentiment. But the question arises: Just what is market sentiment? For starters, a technical ...

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