How to use Quote and User Sentiment Index on Followme

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How to use Quote and User Sentiment Index on Followme
For Traders, Information Is the Ultimate Weapon Whether you're a beginner or a seasoned pro, understanding price movements and market behavior can help you make better decisions. On Followme, two key features can support your analysis: Quote and User Sentiment Index.


How to Access the Features

On the Website
1. Log in to your Followme account
2. Open the Setting menu
3. Select the Features menu
4. Choose the sub-menu Live Market Quotes or User Sentiment Index

How to use Quote and User Sentiment Index on Followme
On the App

1. Tap the menu icon (☰) in the top left corner
2. Select the Trading Data Support
3. Choose the sub-menu Quote or Trader Sentiment Index

 How to use Quote and User Sentiment Index on Followme

Quote Feature

Quote display real-time price fluctuations of various trading instruments, such as XAG/USD, XAU/USD, and many more.

What It Shows:

- Current Price → the latest price of the instrument
- Price changes across multiple timeframes (5 min, 15 min, 30 min, 1 hr, 4 hr, 1 day, 1 week, 1 month)
- Green color indicates price increase, red color indicates price decrease
- Percentage change helps you assess trend strength (note: the darker the color, the stronger the change)
Benefits for Traders:
- Identify which symbols are active or volatile
- Spot short-term and long-term trading opportunities
- Visually monitor trend development through colors and numbers
Real Example:
If XAG/USD shows a 9% increase in one day and 10% in one month, it signals a strong bullish trend. Traders can use this to look for buying entries during price corrections.


User Sentiment Index Feature

User Sentiment Index Displays the percentage of traders who are currently buying or selling each currency pair

What It Shows:

- Percentage of Buyers and Sellers in a bar chart
- Green for Buy, Red for Sell
- Real-time data based on trader activity on the platform
Benefits for Traders:
- Quickly understand market sentiment
- See whether the majority of traders are optimistic (bullish) or pessimistic (bearish) about a currency pair
- Use as an additional indicator to confirm trading decisions
Real Example:
If 63% of traders are selling USD/JPY and only 36% are buying, the market may be bearish. However, experienced traders might see this as a counter-trend opportunity if there's a reversal signal.


Why These Features Matter

1. Real-Time Data Access → helps you make quick decisions
2. Multi-Timeframe Analysis → makes it easier to see short- and long-term perspectives
3. Understanding Market Psychology → Sentiment Index helps you grasp the behavior of the majority of traders
4. Improved Entry and Exit Accuracy → with supporting data from both features

Tips for Using These Features

- Use Quotes to find active instruments
- Use User Sentiment Index as an additional filter before entering a position
- Don’t rely on just one data point; combine with technical and fundamental analysis

Practical Strategy to Maximize These Features

Quote and User Sentiment Index can be a powerful combo for beginner and intermediate traders to strengthen their analysis. Quote helps you quickly see current price movements, while Sentiment Index gives insight into the majority view in the market.

Here’s a practical strategy you can try:

✅ Use Quote as the Initial Trigger
Observe current price movements in Quote to detect key moments, such as prices approaching support or resistance levels.
✅ Confirm with User Sentiment Index
After spotting a potential opportunity from Quote, check the Sentiment Index to see whether most traders are leaning toward buy or sell.
If the price is rising and most traders are buying, it can reinforce the uptrend signal
If the price is rising but most traders are selling, it could indicate a potential price reversal
✅ Combine with Risk Management
Always set stop-loss and take-profit levels. Even if the signal looks strong, set risk limits to protect your capital.
✅ Record and Evaluate
Use a trading journal to track patterns from combining Quote and Sentiment Index that often lead to positive results.

Tuyên bố miễn trừ trách nhiệm: Quan điểm được trình bày hoàn toàn là của tác giả và không đại diện cho quan điểm chính thức của Followme. Followme không chịu trách nhiệm về tính chính xác, đầy đủ hoặc độ tin cậy của thông tin được cung cấp và không chịu trách nhiệm cho bất kỳ hành động nào được thực hiện dựa trên nội dung, trừ khi được nêu rõ bằng văn bản.

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