Introduction
In this article, we will describe our vision of the concept, how it works and whether it will be relevant if the majority trades it as well. The beginning of our journey fell on the second half of 2019, when few people knew about trading, at least it was not as famous as it is today.
Like most, we first got acquainted with technical analysis, because it is really the first thing that a newbie in trading encounters.
Against the background of a strong desire to learn, we studied all the intricacies of this concept until we encountered problems in practice, which, of course, led to sad consequences (merged deposit and apathy to the case).
After a break in trading, we came across an advertisement for a book about the market on the Internet and our desire to see things through grew stronger.
And here we are again. Just us, the candles and the long nights that seemed so short - studying price behavior on the chart. We studied more candlestick formations because we saw this as a perspective rather than trading triangles or other figures.
Fortunately, then we came across a merged ICT course, this is the person who invented the concept of "Smart Money". What happened next is already history.
Smart money concept
Smart Money is not a new way of graph analysis, it is considered new and emphasized, because now everyone is hyped about it, not understanding the very essence of the concept.
SM is a set of tools thanks to which you can track the actions of big players. Major players include: central banks, market makers, funds, etc. financial professionals. Our mentors will teach you to see the actions of a "big player".
For example: people who are sure that news is a strong factor for opening a position and influence the price, due to their lack of information - become the main object of manipulation, because news is embedded in the price, news is a price stimulator, but not its cause. News is just information, words that market makers own. All these insiders on popular mass media, "opinions of reputable investors" are simple manipulation of uninformed capital, i.e. ordinary people. They will talk about this coin when it is on the market, they will manipulate the big media, start trends in Tik Tok, posts on Instagram, posts on Twitter - just to attract your attention and find a buyer to sell the coin on the market. SM is not just people with capital, it is capital, and the media always controls ordinary people, and then their capital.
results:
SMC is a deep and logical understanding of the market. This is tracking the "big player" and being with him.
The fair price of the asset is formed long BEFORE, and delivery to it is a matter of time and the work of intelligent capital.
Will the concept lose relevance?
No. Answer the following questions for yourself: ****
Will a major player leave the market?
Will he stop using the psychology and moods of small players?
Most people who trade "smart money" do not make money, because they do not understand the essence of this paradigm, watching a few tutorials and videos will not be enough, the most important factors are psychology, introspection, work on mistakes and practice.
Again, ask yourself whether many people are really able to pay so much attention to trading, if at least one point is missing, then there will be no result in the long run, and as a result, the player will leave the market with lost money and a nervous breakdown. Also, you can go to the charts of the 80s of the currency market and understand that the SM concept worked even then.