ICT Indicators Collection is a comprehensive suite curated by the Inner Circle Trader methodology. Designed to arm traders with precise instruments that decode market behaviors, this collection is more than just a set of tools; it’s a gateway to informed trading decisions. Dive in, download, and discover these indicators’ potential for your trading journey.
ICT stands for Inner Circle Trader. In the realm of forex trading, ICT represents a collection of methodologies, strategies, and concepts tailored to decode major market players’ actions. The primary notion is that by comprehending the movement and decisions of these big entities, a trader can make informed decisions and potentially capitalize on market movements. But before delving deeper into these indicators and how they shape the foundation of ICT, it’s essential to understand the broader landscape by comparing ICT with its similar counterpart, SMC Indicators, or Smart Money Concept.
Smart Money Concept And Inner Circle Trader: What’s the Difference?
ICT (Inner Circle Trader) and SMC (Smart Money Concepts) Lay their foundation on the behavior and movements of big financial institutions, banks, and hedge funds, collectively called ‘smart money’. These entities play a colossal role in dictating market directions. Thus, understanding their behaviors is pivotal to success in forex trading.
Both SMC and ICT converge on the principle of understanding and predicting the ‘smart money’ movements. However, the distinction lies in the application and specific methodologies:
- SMC (Smart Money Concepts): Focuses on broader strategies like market manipulation and the psychology behind smart money’s decisions. The goal is to understand when these big players are looking to accumulate assets and when they are offloading, allowing traders to ride along with them.
- ICT (Inner Circle Trader): Delves deeper into specific trading tools, techniques, and a vast array of indicators (some of which will be detailed below) tailored to understand, predict, and capitalize on smart money movements.
This SMC Indicators isn’t a standalone trading indicator System. Still, it can be very useful for your trading as additional chart analysis, to find trade exit position(TP/SL), and more. While traders of all experience levels can use this system, practicing trading on an MT4 demo account can be beneficial until you become consistent and confident enough to go live. You can open a real or demo trading account with most Forex brokers.
