Description
Why the Depth Of Market is essential?
“An analysis of trading-platform data shows that 80% of day traders are unprofitable over the course of a year”. Most retail traders we can see on internet are using tools based on the price. These tools are not relevant for scalping because we can’t predict the price based on the past. We need to use liquidity and volumes, and the DOM is one of this tool.
Tools used by institutional traders and hedge funds based on liquidity and volume
- Depth of market
- Heatmap
- VWAP
- Time and sales
- Volume profile
Tools used by retail traders based on price
- Thechnical indicators (RSI, MACD, Ichimoku…)
- Moving average
- Fibonacci
What You’ll Learn In How to scalp the market with the DOM?
- You will be able to read the Depth Of Market and all its elements (VWAP, volume profile, inside print…).
- You will understand why it is important to go on a centralized market and why the US markets are the best market in the world/.
- You will have a clear method with a checklist for structuring your trading .
- You will know how to select the best trade with the highest probability of success.
- You will be comfortable when you trade in any market condition.
