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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…
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Supply and Demand in Forex Trading SMC: 4 Steps + 2 Examples
1. Introduction to Supply and Demand in Forex Trading in ICT Supply and demand is one of the most fundamental principles in trading, especially in Smart Money Concepts (SMC). It dictates how prices move based on the balance between buyers (demand) and sellers (supply). When demand exceeds supply, prices rise, and when supply exceeds demand,…
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Accumulation to Distribution: ICT Power of 3 (Stop Losing Trades)
The ICT Power of 3 (Po3) is a foundational trading concept in Inner Circle Trader (ICT) methodology that explains how smart money manipulates price movements throughout the trading day. It consists of three key phases: This pattern is often observed in daily, intraday, and higher timeframe charts, helping traders anticipate institutional price action. 1. Breaking…
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Rally Base Rally (RBR) in ICT: 3 Easy Steps + 2 Examples
The Rally Base Rally (RBR) is a bullish continuation pattern commonly used in Inner Circle Trader (ICT) concepts to identify areas where smart money is accumulating positions before driving the price higher. It is a key pattern in price action and institutional trading, helping traders spot potential buying opportunities in a strong uptrend. 1. What…
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What is ICT Judas Swing? 3 Simple Steps + 2 Easy Examples
The ICT Judas Swing is a key concept in the Inner Circle Trader (ICT) methodology, referring to a manipulative price move that occurs at the London Open (or sometimes the New York Open). This move is designed to deceive retail traders by triggering liquidity before reversing in the intended direction of smart money. The term…
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Inducement Trading in ICT: 4 Simple Steps + 3 Easy Examples
1. What is Inducement Trading in ICT? Inducement trading in ICT (Inner Circle Trader) refers to the deliberate creation of false signals or “traps” by institutional players or smart money to lure retail traders into unfavorable positions. This technique is designed to generate liquidity for institutions to execute their trades efficiently. By inducing retail traders…
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Stay Updated on ICT Strategies & Market Insights: 11 Easy Ways
Staying updated on Inner Circle Trader (ICT) strategies and market insights is essential for adapting to market changes, refining your trading approach, and staying competitive. Below is a detailed guide with practical examples to help traders stay informed and continuously improve their trading skills. 1. Follow ICT-Specific Educational Content The ICT methodology is a specialized…
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What is an ICT Rejection Block? 4 Easy Steps + 2 Easy Examples
An ICT Rejection Block refers to a price area where the market strongly rejects further movement in a specific direction, signaling a potential reversal or continuation. These blocks often form around areas of significant institutional interest, such as liquidity pools, order blocks, or key support and resistance levels. Rejection blocks are primarily identified by strong…
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ICT TGIF Setup: 6 Simple Steps + 1 Easy Example
The TGIF Setup (Thank God It’s Friday) in ICT trading is a strategy that capitalizes on market behaviors and institutional trading tendencies as the trading week concludes. Markets often exhibit specific patterns on Fridays due to institutional positioning, profit-taking, or weekly market rebalancing. The TGIF setup leverages these patterns to identify high-probability trades. This strategy…