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The reality is, the "smart money" does NOT trade the direction of the market. The "smart money" trades only in situations where a gigantic move seems - and the "smart money" doesn't care which direction that move takes, since they are positioned come up with a profit whether the stock falls or increases!
If you've ever looked into different methods to make money online, you have heard people talking about binary trading options. Basically, one who trades binary options anticipates the direction of the expense of point of an asset.
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