Just a couple of weeks after rolling out its internet browser extension Trading 212, the swiftly growing service of European broker AVUS Capital, has made a further step towards improving the experience of its customers on the platform by the introduction of a sentiment tab.
The sentiment tab first became available for owners of demo accounts this Tuesday, and is now also available to live account holders.
All you need to do in order to use the new tab is to log in to your Trading 212
account – and if you don't have one, you can open one quickly and without any unnecessary hassle. Once you have accessed the account, just look for the instruments box and find the sentiment tab right next to the Instruments one.
What the sentiment tab does is presenting market mood information about all instruments traded on the platform. You can easily see what is the dominating mood – that of the sellers or that of the buyers. Like that, we can see bears are overpowering bulls when it comes to gas CFD's (here is the place to mention that as of today, the broker offers new, lower spreads on gas).
The data is presented as percentage, and as a graphical representation (an orange bar for sellers, and a green one for buyers). When you click on the chart button next to the name of each instrument in the sentiment tab, the price feed for that instrument is displayed right away.
The charts are pretty easy to use and you can customize their settings by choosing the outlook (lines, bars, etc.) and the timeframe (M1, M10, etc.) for modeling the data.
Trading 212 is not the first broker to offer a market sentiment tool – we have already seen it with many other brokerages, and some companies like DCM Capital for example take things even a step further. DCM's proprietary platform DCM Dealer
is structured around market sentiment derived from... tweets. DCM Dealer's main selling point is the so-called Sentiball, which displays market sentiment based on data collated on Twitter.
About Trading 212
Trading 212 is a well-regulated European broker with outstanding trading conditions and highly professional customer support team. Trading 212 customers can trade currencies, commodities, CFDs and stock.
The broker's biggest advantage is its proprietary web-based trading platform that is designed with usability in mind – even a complete beginner will have no difficulties finding their way around the intuitive and user-friendly platform.