INSIDE THE MARKET · CHAPTER 01
Who Participates—and Why
Understand the main roles in a market, why they trade, how those roles overlap, and why price alone rarely identifies the participant behind a movement.
12 teaching sectionsExamples and misconceptionsInteractive version available
Who is inside the market?
A chart shows outcomes. Participant identity and intent usually require additional evidence.
Every completed trade joins a buyer and a seller. A candle then compresses many of those trades into four prices: open, high, low and close. The candle records what happened to price. It does not normally reveal who traded, why they traded, or which side initiated the decision. In this chapter, we will look behind the candle—but we will not pretend the chart tells us more than it does.