Courses Infomation

Balance Trader – Market Profile Course by Frank Buttera

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Balancetrader is one of the premier educational sites on the topic of auction market theory and Market Profile. The course teaches how to analyze and apply dual auction concepts to any market. Most traders do not succeed because they try to find a magic indicator with which to trade, yet fail to realize that the best traders are usually the ones who have a more intricate knowledge of what is going on inside the market. When you can recognize what is happening during the dual auction process, it is much easier to put your money on the line. Otherwise, you are just another participant who is trying to figure out why your indicators are not doing the job.

Complete Course – Content List

Lesson 0 – Introduction

We go over the basics of how the course is constructed and what is required to get the most out of it.

Lesson 1 – Cluster Theory I

Introduction to using auction theory to identify balance cycles, support and resistance levels and trend definition

Lesson 2 – Cluster Theory II

How price reacts at key reference levels. Failure rejection, pass-through rejection and level acceptance.

Lesson 3 – Cluster Theory III

Important relationships derived from Cluster Theory, which will provide the foundations for our most basic, high probability trading strategies.

Lesson 4 – Basic Trade Setups I

The Bread & Butter, Edge, and Double Pass-Through trade setups illustrated over a three day case study.

Lesson 5 – Basic Trade Setups II

This topic continued, day 2.

Lesson 6 – Basic Trade Setups III

This topic continued, day 3.

Frank Buttera – Market Profile

Balancetrader is a trading course, a system and a chat room all rolled up into one package. The focus is on teaching a trading methodology based on Auction Market Theory using price and volume profiles to identify high probability day and swing trades in equities index futures.

The essence of Balancetrader is all about achieving quality trading, not quantity. Most traders think that in order to do well in this business, many trades per day need to be taken. The Balancetrader methodology focuses on exactly the opposite of this. By remaining focused, exhibiting patience and exercising discipline, our goal is to identify asymmetric opportunities in order to maximize our return in comparison to risk. To accomplish this, we take less trades and focus on larger moves. By increasing the amount of money earned by raising position size instead of trading more, this allows us to have very realistic and attainable trading goals.

Course Topics

Determine Market Conditions

Different trading techniques perform differently under different market conditions. We want to trade when market conditions are best for our trading strategy. This may seem obvious to you but it is amazing how many traders as well as system vendors do nothing to *** for this in their strategy. One reason that pure technical trading systems fail is that they try to apply static indicators to dynamic markets which are constantly changing. Balancetrader differs by assessing the market as it is changing, and continually establishing new analysis while making trading decisions based on dynamic variables.

Support And Resistance

Another key element to Balancetrader is identifying key support and resistance levels based on market generated data. It is so surprising how many traders do nothing to implement S&R into their trading strategy. Taking a long signal into resistance or taking a short signal into support is the last thing any trader wants to do. Balancetrader incorporates proprietary methods for determining support and resistance levels using price and volume profiles. You will be so amazed when you learn this topic alone. Your levels will actually scare you in the beginning because you just will not believe how accurate they are. Your increased ability to determine S&R levels will be a key element to maximizing your risk to reward ratio, a key aspect to anyone’s trading results.

Trend Analysis

This seems like such a trivial topic, but I think you should ask yourself if your current method of trend analysis is really effective. Chances are, you are probably using some sort of momentum technical indicator to do this and as the first paragraph on this page states, you cannot deal with a dynamic market with static indicators. Balancetrader identifies trend differently and adapts its trend identification to market conditions. After getting a taste of how we do it, you will never use moving averages again.

Price Patterns

Balancetrader uses three proprietary price patterns to identy trading opportunities. Because these patterns are based on a dynamic view of price and volume profiles, they are not programmable into software. Recognizing these patterns might seem awkward at first, but eventually with some study they will become second nature. If you put the time in to study them, it should not take too long.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Balance Trader – Market Profile Course by Frank Buttera