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Foreign Currency Pairs Quiz in ICT: 2 Easy Examples
Forex trading involves trading currency pairs, where one currency is exchanged for another. From an ICT (Inner Circle Trader) perspective, it is essential to understand how smart money manipulates foreign currency pairs by targeting liquidity, utilizing order blocks, and creating fair value gaps. This guide will break down key forex pairs, how they move under…
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What is Forex Trading? A Beginner’s Guide from the Perspective of ICT
Forex trading, or foreign exchange trading, involves buying and selling currency pairs to profit from price fluctuations. It is the largest financial market in the world, with trillions of dollars traded daily. However, unlike retail traders who often rely on indicators and lagging signals, Institutional Order Flow and Inner Circle Trader (ICT) concepts provide a…
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11 Must-Read Forex Trading Quotes (With Explanations)
These quotes from legendary traders and financial experts offer valuable insights into discipline, psychology, and strategy in forex trading 1. “The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder Explanation: Many traders focus solely on making money, but the best traders concentrate on executing quality trades…
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Is Forex Trading Legal in Pakistan? 2 Scenarios + Consequences
Forex trading is legal in Pakistan, but it is regulated by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP). However, there are restrictions on certain types of forex trading, particularly involving offshore brokers and margin-based trading. 1. Regulations Governing Forex Trading in Pakistan 1. State Bank of Pakistan…
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Is Forex Trading Legal in India? 5 Different Scenarios + Examples
Forex trading in India is subject to strict regulations imposed by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). While it is legal, there are significant restrictions on how it can be conducted, who can participate, and which currency pairs can be traded. 1. Legal Aspects of Forex…
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Bullish Engulfing Candlestick Pattern in ICT: 4 Steps + Example
The Bullish Engulfing candlestick pattern is a strong bullish reversal signal that plays a crucial role in ICT (Inner Circle Trader) trading strategies. It indicates a potential shift in market structure, often appearing at key institutional levels like order blocks, liquidity sweeps, and fair value gaps (FVGs). 1. Understanding the Bullish Engulfing Pattern in ICT…
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Morning Star Candlestick Pattern in ICT: 4 Easy Steps + Examples
The Morning Star candlestick pattern is a powerful bullish reversal signal commonly used in ICT (Inner Circle Trader) trading strategies. It indicates a potential shift in market sentiment from bearish to bullish and is often seen at key institutional levels, such as discount zones, order blocks, and liquidity sweeps. 1. Understanding the Morning Star Pattern…
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Mastering the Hammer Candlestick in ICT: 4 Easy Steps + Example
The Hammer candlestick is a powerful reversal signal used in ICT (Inner Circle Trader) trading strategies to identify potential turning points in the market. It is commonly seen at the end of a downtrend, indicating a possible shift in market sentiment from bearish to bullish. 1. Understanding the Hammer Candlestick in ICT The Hammer is…
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Is Forex Trading Legal in Nepal: 3 Steps + Example
Forex trading in Nepal is subject to stringent regulations to maintain economic stability and protect investors. The Nepal Rastra Bank (NRB), the country’s central bank, oversees foreign exchange activities and has established clear guidelines for legal participation in the forex market. 1. Legal Framework for Forex in Nepal: 1. Authorized Institutions: Forex trading is permitted…
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Top 10 Forex Traders in the USA: Their Unique Edge Explained
Identifying the top forex traders in the USA and understanding their unique market strategies provides valuable insights into successful trading methodologies. Below is a list of notable traders, their backgrounds, and the distinctive edges they employ in the forex markets: 1. George Soros Background: Renowned as “The Man Who Broke the Bank of England,” Soros…