Steve Mauro is a FOREX expert specializing in the concept of "market makers," a group of elite traders who control price action against the smaller retail traders. He is the sole educator and instructor for Market Maker's FOREX, a website that he owns and operates.
I have been privileged to come across two powerful and outstanding forex trading methods. The BTMM (Beat The Market Maker) by Steve Mauro and the ICT (Inner Circle Trader) by Michael J. Huddleston.
The term market maker refers to a firm or individual who actively quotes two-sided markets in a particular security, providing bids and offers (known as asks) along with the market size of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread.
1:276:21Secrets to Destroying The Market Makers - YouTubeYouTubeStart of suggested clipEnd of suggested clipYou place a larger stop a wider stop because they are called market makers. So what they can do isMoreYou place a larger stop a wider stop because they are called market makers. So what they can do is that they can many predict the price. And hence they can pull the price down to your stop-loss.
A market maker is the one who continuously buys and sells a currency at an openly quoted price in the OTC market. By doing so, a market maker acts as a counter-party to most of the trades made by retail traders. To put it simpler, whenever a retail trader buys a currency, the market maker sells, and vice versa.
Some of the biggest market makers are names familiar to most retail traders — Morgan Stanley, UBS, Deutsche Bank…
Average Salary for a Market Maker Market Makers in America make an average salary of $107,179 per year or $52 per hour. The top 10 percent makes over $187,000 per year, while the bottom 10 percent under $61,000 per year.
Market making consists in providing liquidity on a defined cryptocurrency by submitting both bid and ask limit orders on a crypto exchange. Market makers make profit by collecting the bid-ask spread over multiple trades. A fast and stable technology and proper risk management are essential to make markets succesfully.