You are here

Back to top

BTMM Forex Trading Concepts: The Practical Guide To Beat the Market Maker's Strategy (Paperback)

BTMM Forex Trading Concepts: The Practical Guide To Beat the Market Maker's Strategy Cover Image
$14.99
Usually Ships in 1-5 Days
(This book cannot be returned.)

Description


BTMM Trading Strategies Benefits

BTMM (Beat the Market Maker) trading strategies are a set of techniques that are designed to help traders identify market trends and execute profitable trades. The approach is based on the belief that market makers, or the large financial institutions that dominate the market, manipulate prices to their advantage.

BTMM trading strategies typically involve analyzing the price action of a security and looking for specific patterns or indicators that suggest the market is being manipulated. Traders using this approach will often look for specific levels of support and resistance, as well as areas where the market maker may be placing orders or executing trades.

One key element of BTMM trading strategies is understanding market psychology. Traders using this approach believe that market makers use a variety of tactics to manipulate prices and that understanding these tactics can help traders predict future market movements.

One common BTMM trading strategy is known as the "stop hunt." This approach involves placing stop loss orders just below key levels of support. When the market maker pushes the price down to trigger these stop loss orders, they can take advantage of the resulting selling pressure to accumulate more shares at a lower price before pushing the market back up.

Another popular BTMM trading strategy is known as "trading the gap." This approach involves looking for gaps in the price action of a security, which may indicate that the market maker is manipulating the price. Traders using this approach will often look for gaps between the closing price of one day and the opening price of the next day and will try to predict which way the market maker will push the price to fill the gap.

The benefits of using BTMM trading strategies include the potential for increased profits and the ability to better understand market movements. By using these techniques, traders can develop a deeper understanding of how the market works and can more effectively predict future price movements. Additionally, traders using BTMM strategies may be better able to avoid common trading pitfalls, such as getting caught up in emotional trading or trading based on rumors and hearsay.

Product Details
ISBN: 9798379297978
Publisher: Independently Published
Publication Date: February 28th, 2023
Pages: 78
Language: English