Why are so many people exposed to ICT? – Others – January 2, 2024

Many YouTubers are exposing themselves to ICT. Let me share my experience on this as a researcher and analyst. My friend explained it to me and I found it interesting, so I started studying ICT concepts.

However, after researching and backtesting methods such as OTE, FVG, and OB, they all showed the same win rate of around 30-40%.

But my friends are so excited that they always talk about ICT like it’s a god mode concept. They say this is the only method banks use for transactions. ICT is the only company that has made this available to the public for free on YouTube, but I believe it’s just for YouTube money.

I am not a person who hates ICT or SmartMoney, but the following points make me 100% believe that it is stupid money.

1. The concept of ICT smart money is not easy for beginners to understand, and even if they understand it, there is no end to it. Every YouTuber is trying to restate the ICT concept in their own terms which can be very confusing, some are posting videos with the title “The real way to find liquidity” and trying to express their feelings about topic fluidity. I’m doing it. But before conducting this research, have you ever thought about what the conclusion will be? There will be chaos and chaos that will never end

2. ICT has more than 600 videos shared for free on YouTube and other mentoring videos on Telegram.

3. Trading is not that difficult. There are over 600 videos to study. There may be a simple strategy that can be profitable. Complex things are shared across the internet for YouTube money or self-popularity. There are many YouTubers who are content creators and not actual traders. They come up with new ways to trade, like one Youtuber recently posted about making $$$ from order flow trading. Why would anyone change their system? I’m afraid to change my system. I am confident in trading a $100,000 account today. However, if you ask me to trade a new system, or decide to trade the old system I threw away, it will take me a few minutes to turn my $100,000 into $100. Always think wisely.

4. This is a never-ending process of learning. Learning is only necessary when you think the end is near. If it were endless the trader would grow old and still learn and this would get you nowhere. Learning must end. Otherwise, traders may leave trading forever if they are not successful after a continuous learning phase of 5 years or more.

5. ICT says it has a trading system “Enigma” that it will never share with the public. This proves that he shared all his trash and abandoned systems for free over the internet. Remember, when a product is free, you are the income.

6. ICTs continue to leak their topics over time. For example, would you like my friend to check out a new method that came out on the Internet? This is Silver Bullet. I laugh so hard. Why does someone keep pushing the system? Either because something is fishy or because of the systems they have shared in the past like OTE, FVG is silent about it because it does not help the traders and both are confused and cannot accept or reject whether the ICT system actually works.

But as a coder myself, I know the truth.

I hope the points were helpful. Do you think we should think about these things before studying the ICT Bible?

The WD Gann concept is the same way. Gann wrote the book in such a puzzling manner that his own logic was very painful to decipher. If you try to decipher it, you’ll end up losing all your brain power and finding thousands of ways to do something like 9 squared. But you can’t make money from it, so in the end it will all go to waste.

So keep your transactions simple.