Pay once and receive for life: BTMM offers the most comprehensive and practical continuing support available today through it's revolutinary forum: You look at the charts based on patterns.
Forex Market Makers Manipulation Explained – Question It!
A Market Maker is any person or institution who has enough money, power, and influence to move the market. This method works in all sessions. We have found its performance to be strongest in the London, then the U. You can use it to trade when you need to in order to accommodate your current schedule until you can afford to use it to trade when you want to. We have heard from other traders that the same market behavior is seen in the Futures and Commodities markets, but we have not used this method to trade those markets ourselves.
This is like asking someone how long it would take to learn to speak a foreign language. Some would learn in 6 months, others in a year, some will never complete the learning process.
We have had a few traders leave their first class profitable, and never look back. Obviously, this is not the norm, but still very possible. Some traders learn the method in just a few weeks to a few months.
Most traders take 6 months to a year to really learn it. Also, most need to take the class 2 - 3 times to really get it down. Very rarely, circumstances take hold of a trader and they fall away or take a hiatus. Steve trades mostly the London, but also the U. Many of Steve's top traders trade the U. An account can be opened with no money. Typically you are given 30 days to deposit money into your account before the broker will close it. Or, you can open an institutional account with tens to hundreds of thousands.
Each broker varies with their requirements, so do your research on the web and by asking fellow traders. Web Classes are the same tuition cost because it is the same information with the same amount of time invested. Please email info beatthemarketmaker. However, we have a vast amount of traders using many, many brokers.
Therefore, some use a MIG demo account with the MT4 platform to do their charting and analyzing, but place the actual trade through a different broker and platform. To learn the platform, we recommend:. We do have traders that use Apple computers to trade. You can use the Bootcamp program to have Windows run internally, or you can download a program like Parallels that allows Windows to run within your Apple computer. There are web-based MT4 platforms for a fee you must find these yourself via the internet - try starting with Boston Technologies and go from there ; whereas, charting programs are no charge through Windows.
FAQs How much is the tuition? The course includes the following: State of the Art Indicators. Live Course Retakes for as long as Steve teaches the class. Live Boot Camp Sessions every Monday. The tuition does include a lot of great education and continuing support. Due to the massive amounts of funds they control they run into 1 major problem- Liquidity!
The demand in liquidity is the whole reason manipulation exists. Without liquidity Smart Money will spike the market up or down, thus giving away their directional movement. For a Forex trade to complete there needs to be a buy and a seller present.
For every buyer there needs to be a seller. Liquidity is characterized by a high level of trading activity. Assets that can be easily bought or sold are known as liquid assets. If the market knew their direction everybody would simply jump on board, limiting the profit potential of the Market Makers drastically.
Now that we know who and why SM manipulates we can look at how they tend to manipulate the FX market day after day. Traders also refer to manipulation as trapping. The Forex Market Makers have to create believe that the market is going to move in one direction before they push it the opposite way. Why would something profitable be free and available to each and every trader? Anybody with common sense would know that something does not add up.
MT4 and other similar trading platforms cost brokers hundreds of thousands of USD every year. Why do they give us access to these expensive software for free? The answer is simple. But what about the traders that have a few profitable trades every now and then.
Think about the Marker Maker business module as a casino slot machine. They pay out every now and then, thus getting you to come back again. Your trading strategy is based on trading chart patterns.
You learn and know every single pattern out of your head. When you see x happen you know y is going to occur. You look at the charts based on patterns. Your eyes are trained to look for what you have learned and trained yourself to identify. You have read and seen many examples and results of people using this strategy you plan on using.
Your trade ends up successful and you made money. You think it has to have been bad luck or an error based on your analysis and invest more money into your trading account. This is a textbook example of the Market Makers cycle and business module in action. Not an impossible task when you put your mind to it while following the Smart Money cycle. Jump on board and attach yourself to the already profitable Smart Money business module.
Trade with them, rather than against them.