How to Make Money with Breakout Trading Book

Every trader should know how to differentiate between a genuine breakout and a false breakout.

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Do you know why? Because every ‘Entry’ and ‘Exit’ in any trade should come through a breakout or false breakout opportunity!

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It’s important to understand two herds that exist in the market:

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1. Smart Money and

2. Dumb Money

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‘Smart Money’ refers to institutional investors, big sharks who have money and information power who give direction and momentum to markets.

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‘Dumb Money’ refers to nonprofessional traders, retail traders who often try to make quick money.

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Do you agree that it’s always a good idea to follow smart money?

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