If you’ve ever sat at your computer, staring at those flashing candlesticks and charts, wondering how insiders seem to make money while you just count losses, then the ICT TRADING: SMART MONEY CONCEPT might just be the book that sparks a new lightbulb moment. Now, trading—the whole buying low and selling high idea—is simple in theory, but let me tell you, it can get complicated fast. This book aims to guide you from the ‘what’s a candlestick?’ stage up through complex strategies used by the big institutional players—the folks who really move the market.
Key Features
So what’s packed inside this digital tome? Well, it’s called “The Complete and Updated ICT Trading Book” for a reason. The author tries to cover everything from the basics of support and resistance—kind of like the guardrails of the market—to advanced concepts such as:
- Smart Money Concepts: Understanding where big players place their bets.
- Daily Trader Sessions: Timing your trades to match market energy.
- Market Structure and BOS (Break of Structure): This helps you identify when trends might flip.
- Price Action and Fibonacci Levels: Tools to read the ebb and flow like a pro.
- Liquidity Pools, Voids, and Fair Value Gaps: Fancy terms for where money is hiding or where the market might fill gaps.
- Order Blocks and Breaker Blocks: Zones of buying and selling interest that can hint at future moves.
- PO3, Imbalances, HTF/POI: More acronyms to help you pinpoint entry points.
- Money and Risk Management: Because all the strategy in the world won’t help if you blow your account on one bad trade.
It’s designed to pull you all the way from a rookie to a professional who understands the difference between retail (that’s you and me) and institutional trading (the big leagues). And the best part? The author claims these strategies cover stocks, crypto, forex, and even big indices like Nasdaq and US30. Oh, and it’s updated for the conditions of 2023—because markets don’t stand still.
Pros & Cons
Now, before you rush to load this digital download, let’s talk turkey. The product holds a middling 3.4 stars out of 5 from about two dozen reviews. Not terrible, but not rave-worthy either.
Pros:
- Comprehensive coverage: Many readers appreciate the breadth of topics. It’s like a buffet for traders who want to nibble on everything from basic support levels to high-level institutional tactics.
- Accessible progression: The book attempts to cater to beginners and advanced users alike, so it’s not just for the Wall Street wizards.
- Cross-market strategies: You’re not stuck with just forex; the info applies to stocks, crypto, and indices.
Cons:
- Dense and jargon-heavy: Some users report that the book dives deep into technical jargon with little hand-holding, which might leave newbies scratching their heads.
- Editing and formatting issues: A few critiques mention that the writing can feel scattered or repetitive at times, somewhat like trying to follow a lecture when the professor forgot their slides.
- No price tag—free, yet expecting much: Since it’s free (at least on Amazon), some readers feel it comes off incomplete or in need of more polish.
In summary, it’s packed with valuable info but may not be the most user-friendly guide, especially if you’re just starting out.
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Who Is It For?
If you’re the type who likes digging into the nuts and bolts and doesn’t mind some complexity, the ICT TRADING book can be a solid companion. It’s for the ambitious self-learner who’s serious about understanding institutional trading techniques and is ready to commit time to mastering these tools. Beginners who want to avoid surface-level tips and really grasp market mechanics might find this rewarding, but be prepared to double down on studying. Also, traders who bounce across markets—stocks, crypto, indices—will value how these concepts translate across different arenas.
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On the other hand, if you’re looking for a quick-start guide with hand-holding, or you want polished writing with a straightforward step-by-step approach right out of the gate, this might not be your preferred choice.
Final Thoughts
In the world of trading books, there are plenty that promise the moon and hand you dusty charts. The ICT TRADING: SMART MONEY CONCEPT book offers a hefty dose of real, actionable content touching on sophisticated market concepts that professional traders use daily. It’s ambitious and wide-ranging, covering everything from the fundamental rules of price action to the nuanced territory where institutions operate.
However, the journey isn’t necessarily a smooth one—readers might need to brace for technical language and a less-than-glossy presentation. It’s best viewed as a substantial reference, rather than a cozy read, intended to be paired with practice and patience.
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So, if your goal is to elevate your trading knowledge to institutional levels and you’re willing to do some heavy lifting, this book could be a worthwhile adventure. Just don’t expect a magic wand. In the end, understanding market moves is part art, part science, and a fair bit of tenacity. Maybe that’s the smart money concept we all should keep in mind. Happy trading!
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