The Inner Circle Trader (ICT) Forex course is a comprehensive educational program designed to enhance your understanding of the Forex market. ICT, the renowned Forex mentor, has developed this course based on the analysis of smart money concepts (SMC) and the Inter-Bank Price Delivery Algorithm (IPDA). In this tutorial, we’ll explore the main components and trading strategies offered in the ICT Forex course.
ICT Forex Trading Course Content
1. Forex Absolute Beginner
Starting in the world of Forex and stock trading can indeed be overwhelming, but understanding some key concepts can significantly ease the learning curve.
If You are a new trader must read these concepts before moving to ICT Trading Concepts.
- What is Forex Trading?
- Why Trade Forex?
- History of Forex Trading
- Is forex trading gambling?
- Trade Support and Resistance
- Types of Forex Chart
- Forex Trading Sessions
- 35 Most Powerful Candlestick Patterns
- Bullish Candlestick Patterns
- Basic Chart Pattern
2. Trading Psychology
psychology plays a crucial role in trading, often as important as technical knowledge and market analysis. Understanding and mastering trading psychology can greatly enhance a trader’s ability to make sound decisions and maintain discipline in the often volatile world of Forex and stock trading.
- The Power of Discipline in Trading Success
- How to trade like an institutional trader
- Deal with Trading Losses
- Creating a Trading Plan
- 7 Golden Rules for Developing Patience
3. ICT Trading Course Essentials
After mastering the fundamentals of forex trading and gaining a solid understanding of trading
psychology, it’s time to delve into the advanced concepts of inner circle trading.
- ICT Daily Bias
- ICT Premium and Discount
- Order Block Theory
- Fair Value Gap
- Fair Value Gap Trading Strategy
- ICT Macro
- Kill Zone Trading
- Silver Bullet Trading Strategy
- Mastering the ICT Power of 3 (PO3)
- ICT Implied Fair Value Gap (IFVG)
- ICT Breaker Block
- How to trade Liquidity ICT Concept
- What Is SIBI and BISI in ICT
- 37Most Important ICT Trading Abbreviations in FX
- ICT Market Structure Shift(MSS)
Components of the ICT Forex Course
1. Time and Price Theory
Time and price are closely correlated, and Inner Circle Trader (ICT) has developed a unique trading strategy based on this principle. ICT believes that price tends to be delivered within a specific one-hour timeframe each day, which he refers to as the “silver bullet.”
ICT’s methodology also includes concepts such as ICT Kill Zones and ICT Macros, which are based on the interaction of time and price. These concepts help traders to gain a better understanding of market dynamics.
2. Fair Value Gap
The fair value gap (FVG) is a three-candle candlestick pattern that forms due to inefficient price delivery. ICT’s 2022 trading model is based on this concept, and traders can enter trades when the price comes back to fill this inefficiency.
- What is a Fair Value Gap
- ICT Fair Value Gao Trading Strategy
- Implied Fair Value Gap
3. ICT Order Blocks
Order Blocks are specific price levels where significant buying or selling activity has occurred in the past. Recognizing and analyzing these blocks can provide valuable insights for trading decisions.
Learn more about the Order Blocks Trading Strategy
4. Kill Zones
Kill Zones are particular time periods during the trading day when significant market moves often occur. Understanding and utilizing these zones can optimize trade entry and exit points.
5. ICT Optimal Trade Entry
ICT OTE stands for “Inner Circle Trader Optimal Trade Entry.” It is a trading technique that uses Fibonacci retracement levels to identify potential entry and exit points for trades.
To use ICT OTE, traders first identify a swing high and a swing low in the market. They then draw a Fibonacci retracement tool from the swing low to the swing high. The four most important Fibonacci levels for ICT OTE are:
- 61.8% retracement level
- 70.5% retracement level
- 78.6% retracement level
- 79% retracement level
Traders typically look for price to retrace to one of these levels before entering a trade. For example, a trader might look to buy a currency pair if price retraces to the 61.8% or 78.6% retracement level after a swing high.
ICT OTE can also be used to identify potential exit points for trades. For example, a trader might look to take profits on a long trade if price reaches the 100% extension level or the 161.8% extension level.
6. Power of 3
The ICT power of 3 is a trading strategy developed by Inner Circle Trader (ICT). It is based on the idea that price is delivered in a specific three-stage process:
Accumulation: This is when market makers are buying or selling large quantities of an asset without moving the price too much.
Manipulation: This is when market makers move the price in a certain direction to induce other traders to buy or sell.
Distribution: This is when market makers sell or buy large quantities of an asset at a profit, moving the price in the opposite direction of the manipulation phase.
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