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Summary The Theory behind the trading system
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Market psychology and liquidity should be key concepts understood by any trader, so let’s start explaining what these concepts mean.
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CRYPNUEVOEDUCATIONAL
TRADING
COURSE
WEEK ONE
The Theory Behind The Trading System
- Market psychology
- Market makers
- Liquidity Introduction
, Most people lose money in crypto because they don’t know anything about Market
Psychology and sadly, they get trapped and then liquidated.
It’s so important to know how the market really works, when it’s the best time to
trade, and how to spot false moves in order to be profitable.
You’re not gonna learn conventional Technical Analysis
(TA) here, it will always be with a market psychology
perspective and based on liquidity.
Market psychology and liquidity should be key concepts understood by any trader,
so let’s start explaining what these concepts mean.
WHAT IS MARKET PSYCHOLOGY?
Market Psychology refers to:
» The market sentiment
» And traders' emotions, such as greed, fear, anxiety, denial, etc.
All these emotions are used by Market Makers over the retail trader.
Conventional TA assumes that price always moves in a direction based on fixed patterns
and ignores Market Psychology.
That’s why traders are caught in fake outs or triangles break in the opposite direction as
expected, resulting in losing money.
Human behavior doesn’t change.
That’s why MM exploits the retail emotions. Most traders lose
money, so why would you then follow the herd and the market
sentiment?
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