Category: Informational
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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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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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Forex Trading Statistics You Need to Know in 2024
1. Daily Trading Volume The global forex market trades an estimated $7.5 trillion daily, reflecting its position as the largest financial market. This figure has grown significantly due to technological advancements and increased participation from institutional and retail investors. 1. US and UK dominance: The UK accounts for 43.2% of the trading volume ($3.3 trillion…
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The Philosophy Behind Inner Circle Trader: 7 Steps + Example
The Inner Circle Trader (ICT) philosophy, developed by Michael J. Huddleston, is built on the concept that financial markets are driven by the activities of large institutional players—the so-called smart money. Retail traders, who make up the bulk of the market, are often at a disadvantage because they are unaware of how institutional traders operate.…
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Why ICT Strategies Work: It’s Not What You Think
ICT (Inner Circle Trader) strategies, developed by Michael J. Huddleston, focus on understanding how institutional traders (smart money) operate in financial markets. ICT strategies work because they align with the market dynamics created by these powerful participants—such as banks, hedge funds, and other large financial institutions—who influence price action. Let’s explore the reasons why ICT…
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Smart Money vs. Retail Traders: 6 Points Why Retail Traders Lose
In financial markets, there’s a distinct contrast between smart money and retail traders. These terms are commonly used to distinguish between institutional traders (smart money) and individual traders (retail traders). The strategies, resources, and knowledge between the two groups are vastly different, and this distinction is essential in understanding how the markets move. 1. What…
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Who Actually is ICT? Secret Revealed
ICT, or Inner Circle Trader, refers to a comprehensive trading methodology developed by Michael J. Huddleston, a professional trader and educator. The ICT approach focuses on understanding how institutional traders, or “smart money,” operate in the financial markets, particularly in forex, commodities, stocks, and cryptocurrencies. 1. What is ICT? ICT teaches traders to read and…