If you're looking to diversify your trading strategies, you're on the right track.
Here are a few strategies that are popular among traders:
ICT (Inner Circle Trader):
ICT focuses on identifying key price levels where big players (like banks) enter or exit the market. These levels are called “order blocks” or “fair value gaps.” When price reaches these levels, it’s likely to reverse. You can also trade with the trend until price hits these key levels.
Advantages: Helps you trade with the smart money, which increases the chance of a successful trade. It also helps you spot high-probability entry points.
Disadvantages: It takes time to learn how to spot these levels and understand market structure. You need patience and practice.
You can learn ICT for free through YouTube videos, blogs, and online communities.
SMC (Smart Money Concepts):
SMC is about finding areas of strong buying or selling pressure. When price reaches these “liquidity zones,” it can either continue or reverse. SMC helps you spot where institutional traders might place their orders.
Advantages: It provides clear entry points and helps you trade in the direction of big market players.
Disadvantages: Like ICT, it requires practice to identify the right zones. It also involves understanding price action, which takes time.
You can learn SMC by following free online resources, forums, and trading communities.
Other strategies include Price Action, which is all about reading candlestick patterns and trendlines, and Scalping, where you aim to take small profits from quick price moves. Swing Trading is about catching larger moves over several days or weeks.
FT9ja Prop Account:
To level up your trading, consider using a prop account like FT9ja. With a funded account, you can trade with more capital, take bigger positions, and not risk your own money. It’s a great way to practice and grow as a trader.
If you're looking to diversify your trading strategies, you're on the right track.
Here are a few strategies that are popular among traders:
ICT (Inner Circle Trader):
ICT focuses on identifying key price levels where big players (like banks) enter or exit the market. These levels are called “order blocks” or “fair value gaps.” When price reaches these levels, it’s likely to reverse. You can also trade with the trend until price hits these key levels.
Advantages: Helps you trade with the smart money, which increases the chance of a successful trade. It also helps you spot high-probability entry points.
Disadvantages: It takes time to learn how to spot these levels and understand market structure. You need patience and practice.
You can learn ICT for free through YouTube videos, blogs, and online communities.
SMC (Smart Money Concepts):
SMC is about finding areas of strong buying or selling pressure. When price reaches these “liquidity zones,” it can either continue or reverse. SMC helps you spot where institutional traders might place their orders.
Advantages: It provides clear entry points and helps you trade in the direction of big market players.
Disadvantages: Like ICT, it requires practice to identify the right zones. It also involves understanding price action, which takes time.
You can learn SMC by following free online resources, forums, and trading communities.
Other strategies include Price Action, which is all about reading candlestick patterns and trendlines, and Scalping, where you aim to take small profits from quick price moves. Swing Trading is about catching larger moves over several days or weeks.
FT9ja Prop Account:
To level up your trading, consider using a prop account like FT9ja. With a funded account, you can trade with more capital, take bigger positions, and not risk your own money. It’s a great way to practice and grow as a trader.