ICT Trader explains why 90% lose in Forex Trading. | Words of Rizdom EP.45 #shorts #ICTTrader #forex

[wordsofrizdom]

Watch Full Episode - NBB Trader: SMC The New Retail?, The Real Trading Algorithm, Thoughts on ICT | WOR Podcast EP.45

[wtyronechandler]

Your hair line is an indicator for resistance

[sorcytradesfx]

Everything works, just those that are disciplined with it are winners.

[MrWackydoodles]

smc, ict, s&d, snr, trendlines. They all work, you just need to figure out where and when they work, that's where back and forward testing come in. I used to overcomplicate things and jump from one strat to another, just pick one and be really good at it and you'll be good. I only trade support and resistance now and it's freaking great, I only lose 2-3 times out of 10 trades with 1.3:1 RR.

[backenddj]

People make trading so hard. All u have to do is use risk management u gone lose money regardless

[ntokozomashaba]

Don't follow the majority just focus on what works for you. Don't listen to people telling who think their way is the only way if your strategy works continue using it

[Price_Action_Trades]

They are trading retail this just cracks me up. We are all retail traders.

[Goldmoves]

I just want to sue this guy's barber

[johnan]

If you don't decide the price, you are retail. Retail and SMC patterns is similar, just different narratives. SMC accumulation=consolidation, Relative Equal highs =double top, order blocks = engulfing candles, mitigation blocks= support and resistance and so many other

[thegamsam]

This is so true. And it took hearing it out loud to realise it.

[josefajardo]

I agree. I believe it comes down to discipline and risk management. All that comes from experience. Adapting to market conditions is key.

[jarvisprice]

Supply and demand on a smaller time frame is nothing but a double bottom on a higher time frame... Too many traders focus on trying to be right, instead of consistent

[victorfalodun]

I love the fact that he said, it comes down to the executor!

[trinitysurfer]

i've watched this interview a good 3x great work very knowledgeable young man, def knows his stuff. refreshing, thank you both

[Honey-kwez]

Just "Max leverage and no stop loss" is the key to success in trading

[Nonamelol.]

Another thing is that people view loses as bad and wins as good, so every time they win let’s say 300 dollars they get excited. Just remember you can lose those 300 just as fast as you earned it. Winning a trade doesn’t necessarily mean success, especially in the long-term.

[Mr_POM_]

These are the things i think we need to have more, everyone struggles to find their way to consistency but when you hear what other people went through, the health limitations and all that and still make it work for them, it literally tells you there is always a way through to make this work. Love this piece!

[tthek]

Honestly this is what has worked for me. Doing a top down analysis which is going to the daily and making off the high and the low. Dropping to 4H to mark off 4H support and 4H resistance. Dropping to the 1H to do the same which is locate support n resistance. Then on that same 1H locate my supply and demand and wait for price to hit either area and react. Been working for 3 years

[Apprenticeofhermes]

I just had the most AHAAA MOMENT… Thank you for posting this one

[Traderthoughtsog]

What people never factor in is timing. You can markup your chart with a million things but when London open or NY open happens, it can change the entire narrative of the market. We are trying to figure out what the banks and hedge funds are doing. They accumulate orders manipulate price then go in correct direction. That manipulation is the high volatility to hit stops on both sides before going real direction. Everything works with timing added in. People be trading asian session then get stopped out during London or NY open and cry this doesn't work. It works if you are patient first and let them show you something