The TRUTH About 'Smart Money' Trading Concepts.

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[TraderNick]

Hey guys, like I said in the video, I'm not trying to bash anyone's strategies. My main goal in this video is to share the reality that there is not one holy grail strategy, and that "smart money concepts" are not a magical hidden secret in forex. Smart trading to me is just making consistent profit with managed risk, and whatever works for you, DO IT! Thanks for watching

[JohnDoexx]

these are the the type of videos that once made me hate your channel but now they make me comeback everyday

[mk_]

"smart money is also fighting against other smart money"

I used to think about this exact thing so much, thank you very much for clarifying it ❤️

[SageTrader]

I thought Smart Money was the "key" until I learned overall Market Structure and Higher timeframe price action. Impulse - Correction is how the market moves. Period.

[nkanyisomasengemi]

i am a smc trader and it works but there is no such thing as 'Holy Grail' everyone is losses at some point of time.

[nullllll]

proper money management is key. no concept can thrive without it.

[marlonb]

I'm a die hard ICT logic and concepts style trader because that is what I have found to work for me. I have friends that strictly trade patterns and other concepts and they found profitability long before I did. My advice is always do what you are aligned with; that is your niche. Trader Nick...Awesome video buddy. I agree with you 100%.

[ZachDavidd]

Love your content nick. I have to say this, SMC is not just buying or selling "the GRAB". I'm an SMC trader and I use supply and demand, Wyckoff and structure to trade. IMO advanced concepts like these give you a better edge as a trader than trading some kind of pattern without even knowing the reason behind it. Just for the fun, go to any chart and put a random line on it, then go back and see what happened in that area in the past. You'll definitely find some kind of reaction at that level. To be clear, SMC is not the holy grail, anyone can be successful in the markets trading whatever concepts they want if they know how to milk the most out of their winners and cut out their losses. Anyway, a great video as always nick.

[carlospaniagua]

Smart Money takes a lot of time to understand, it is way more simpler than having all these support and resistances and all these stuff, coming from learning both ways I will forever stick with Smart Money. It’s not just about banks grabbing liquidity there’s more to it then you think. I went from having these 20 to 30 pip stop losses and not knowing where the market was going, there are clues all over the graph but it takes studying to actually know that. Since i know where the money is i have 3 to 5 pip stop losses and catching 50, 60 and 70 pips on my sleep with little risk. Smart money has made. T trading extremely simple and easy but it takes time to understand.

[PB-qbgx]

Nothing beats price action trading. Everybody trying to come up with the next best thing but price action is king.

[teer]

Smart money concept has been misinterpreted to you. It's basically market structure (though not support and resistance). There are lots of traders teaching shit out there calling it smart money

[axror]

2 years ago I saw some trader making a video about something and the comment section was full about how Price Action was king. Then I dived into researching it. Studied for 12 month straight. Now I'm profitable trader :) cheers

[MrPeterJin]

Came from ICT's channel. This isn't even aimed at ICT, so I don't know why anyone learning from ICT would get offended. This video targets more those "SnD Traders" that spew nonsense like, "The smart money takes down the price incurring early loss and then they later mitigate their losses". That is a fallacy, because it makes no sense to risk current bid to grab liquidity. What if an even greater whale jumps in and decides to take the price down further? Then that initial whale drowns.

What ICT calls "Market Maker" is completely different, and when ICT says "Smart Money", he means large funds traders that KNOW when to get in and out, NOT that the smart money "purposefully incurs initial loss to make an even bigger profit". That's that crap spewed by folks like Phantom, Vertex, TraqFX, MahadFX, and other "SMC" gurus that don't fully understand ICT's concepts and MISTAKENLY think that ICT == Wyckoff == SnD.

[aiyanyorscott]

I love your contents and I have been around your channel for quite a while now and I respect you a lot. Am a SMC trader and I am just here to say that a good SMC trader will never say they are trading with the banks we simply follow footprint the banks left behind on the chart of cause no body can know what the banks are to do but with previous action we can anticipated what the market is likely to do. Just take for example as a retail trader you see a head and shoulders pattern, your next though or anticipation is to wait for a brake out and retest of the neckline to take a trade. Same thing applied here as SMC trader we still look at trends, structure, support, resistance and every other thing retail trader looks at but from and different view and sometime we are also wrong and take losses too

[deniseseffens]

I really don't like the saying smart money/dumb money. It's big money against big money. We're just the little money trying to get in and out with profit and not get swallowed up.

[fxg]

SMC ideology is that the market targets retail when in fact we do not make up for much volume in the market place, especially FX. But that is all it is, an ideology. At the end of the day it’s ALL price action but the perspective is different. SMC is not a myth, retrial concepts are not a myth; their just calculated/seen differently. The market grabs liquidity bc it needs to transact orders and can move once enough liquidity is accumulated and that’s just how the algorithm was designed and nothing else.

[wandatrades]

I couldn't agree more. Every trade has two parties - a buyer and seller. Retail volumes is only about 6% of the market therefore the retail volumes isn't enough to make the majority of the daily trading volume. That only means the majority of the time it's institutional traders vs institutional traders.

[iamkhalifafx]

Everybody should just do what works for them. But SMC is a real thing whether you like or not. Not here to convince anybody. Everybody should just do there stuff there way and if it works (makes money) then that’s fine!!

[financial]

Thank you for saying this. The idea that institutional traders hunt for stop losses seems ridiculous. The amount of money they are moving would make it not worth going after stop losses even if they could.

[wealthempirecapital]

Am a smart money trader myself and I know a lot of people think SMC is a holy grail strategy but its just the new trending retail strategy.. am sure in some few years another one will pop up. The problem is not the strategy.. Its your mindset and how you manage your trades.. Big ups anyway man🔥