The Price Maker’s Game

How Modern Algorithms Mirror Old-School Dealer Tactics—and What Every Trader Must Understand About Today’s Automated Liquidity Battles

De: Max Koren

Narrado por: Virtual Voice

Step inside the hidden world of market making, where algorithms now replicate the cunning strategies once reserved for elite floor dealers. In The Price Maker’s Game, Max Koren exposes the evolution of trading—from the chaotic energy of pit floors to the lightning-fast precision of modern electronic markets—and shows how today’s automated liquidity battles mirror the old-school tactics of human dealers.

Whether you’re a retail trader trying to make sense of unpredictable price swings, a professional seeking deeper insight into market microstructure, or simply fascinated by the mechanics behind financial markets, this book gives you a front-row seat to the unseen logic that drives price, liquidity, and flow. You’ll learn how algorithms:

• Recreate classic dealer maneuvers like probing, bluffing, and testing weak hands—but at microsecond speed.
  
• Influence trader behavior without force, guiding orders through subtle liquidity incentives.
  
• Leave identifiable footprints in the order book, allowing savvy traders to anticipate movements before they happen.
  
• Manage spreads, inventory, and risk in ways that echo the psychological games of the trading pits.
  

Max Koren blends insider knowledge, real-world examples, and actionable insights to give you the tools to see patterns that others miss, interpret market behavior in real time, and approach trading with clarity rather than guesswork. This isn’t about get-rich-quick schemes—it’s about mastering the rules of the modern price-making game and transforming confusion into confident, informed action.

If you want to trade smarter, understand what the machines are really doing, and finally see the logic behind today’s automated markets, The Price Maker’s Game is your essential guide.