Market Maker Method Book
Why is the book: How the market makers extract millions of dollars a day & How to grab your share such a powerful trading book and essential for a traders library?
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This book is considered such a powerful trading book and essential for a trader's library for the following reasons:
- It provides insights into the inner workings of the market makers, who are the major players responsible for creating liquidity and facilitating trades in financial markets. Understanding their strategies and tactics is crucial for traders to navigate the markets effectively.
- The book claims to reveal the "market makers method," which promises to help traders identify profitable trading opportunities by recognizing the patterns and behaviors of market makers. This knowledge can potentially give traders an edge over those who are unaware of these dynamics.
- According to positive reviews, the book offers a fresh perspective on trading that goes beyond traditional technical analysis and trading systems. It aims to provide a deeper understanding of why the market moves the way it does, which can be invaluable for making informed trading decisions.
- Some reviewers praise the book for its potential to cut through the noise and misinformation surrounding trading, and for providing a straightforward approach to profiting from the markets.
How the Book Addresses Trading Pitfalls:
- Understanding Market Dynamics: The book claims to reveal the "market makers method," which promises to help traders identify profitable trading opportunities by recognizing the patterns and behaviors of market makers. This understanding can potentially help traders avoid being on the wrong side of the market and falling into traps set by market makers.
- Cutting Through Noise and Misinformation: According to positive reviews, the book offers a fresh perspective on trading that goes beyond traditional technical analysis and trading systems. It aims to provide a deeper understanding of why the market moves the way it does, which can help traders avoid being misled by noise and misinformation.
- Overcoming Indecision and Hesitation: The book claims to provide a clear understanding and a solid decision-making process that can help traders overcome indecision or hesitation in taking trades. This can potentially address the pitfall of missing profitable opportunities due to lack of confidence or hesitation.
- Avoiding Expensive Courses and Systems: The book is marketed as a solution for traders who have tried various systems, patterns, indicators, and strategies, as well as expensive training courses, without success. It aims to offer a more direct and effective approach to profiting from the markets, potentially saving traders from wasting money on ineffective resources.
Negative Reviews:
The book has also received negative reviews from some readers who found it lacking in practical application or felt that it overpromised and underdelivered. As with any trading book, it's advisable to approach it with a critical mindset and manage expectations accordingly.
Martin Cole the author responded to some of the negative reviews by highlighting that most of these reviews were posted as a result of not finding a candle pattern in the book.
He explained that these reviews were justified if a pattern had been mentioned and then not presented.
Martin then went onto explain that the whole concept of the book is that trading patterns is fundamentally flawed given the nature of what causes those patterns to appear and that is why no patterns are presented whereas a trading method without using candle patterns is.
Martin remains open to any discussion on the books contents.
Click on the book image to check out the reviews