An easy way to trade the markets with lesser concepts and no indicators needed, without gambling in trading
Have your trading journey been so difficult, been lost in the trading education ecosystem because of too much guru in the market?
Let me share you one strategy that worked, works and easier to learn. And also some of the funded traders that I know of are using this easy to learn and understand strategy.
When I’m starting out, I’ve journey to learn with the Baby Pips website, it was really a long and boring website, and yes I got all the badges of all levels. In the end I realized, what was taught there are concepts and just scratched the surfaced.
You may have browsed to tons of the Youtube University sort of videos. And maybe you have tried doing this super indicator X to make you Y amount of money. Some of them are really hyping gurus, or at worst are tutorials of different people that haven’t showed you results from their strategies.
There may be some few that you see that are really useful for you. But there are still missing or you might have to use a ton of indicators.
I’m sharing you one of the review of a strategy that you might need.
They call it SMC or Smart Money Concept. This concept focused on the basic concepts of supply and demand, price patterns, and support and resistance. There are also terms like liquidity grabs and mitigations. And the most famous of the terms are the Point of Interests (POI) which are Order Blocks.
You might be excited to know what indicator I’ll share with you. If you really want to know. Check the links below and better also join my newsletter where I’ll share you one of my basic trading ebooks.
Check out the course on SMC if you are new:
But if you are an experienced one, then head to this SMC TOOL
SMC core concepts and terminology
Here are the basic vocabulary that you need to basically know:
- Order blocks: Refinement of the demand and supply zone.
- Breaker blocks and mitigation blocks: These are support and resistance, This is where the price goes back to fill some of the gaps
- Fair value gaps: This term refers to imbalance. These gaps are the wide space between 3 candles that needs to be filled at some point. Gaps for example are common gaps, exhaustion gaps, breakaway gaps, and runaway gaps.
Smart Money doesn’t really care about you. They are the institutions, banks and market makers, there are there to move the price and earn from there filling their orders for the smooth trade or exchanges in the financial markets.
Check out the course on SMC if you are new:
But if you are an experienced one, then head to this SMC TOOL
Myths in Trading (and with SMC)
“You’re a trader meaning you’re excellent in Mathematics.“
Nah, nah, no! In trading being good in Mathematics can help, but nowadays there are calculators that you can use right away. There also built-in computations with the tools you use in trading. The platform itself, the charting tool can provide the calculations you need right away.
“Trading is complicated and too hard, really?“
Trading is not complicate. This industry is not complicated, what makes it like so is that people overthink and they overwhelm themselves too much. The industry is really noisy because of too many gurus and real gurus.
There are few things that you need to learn:
- Technical Analysis
- Fundamental Analysis
- Sentiment Analysis
It will take a long time to learn and master the skill, but it is really not complicated and too hard. Some can learn the skill in as little as 30-days, but the practice is what makes you tick.
“Trading is too risky? No.”
People usually think that to be a trader is that you need to have a gambler’s mind. It is not really that. It takes time and the risk.
There is a trader skill that one must learn, and that is to do risk management of the money you have.
Proper risk management can really help you as a trader If you are poor in it, you will end up blowing your account, so that skill will help trading not risky..
“You need a lot of money to start trading.”
Not true. You don’t need a lot of money to start trading.
You can start trading as little as $100 or $500. That is you can join the financial markets with little capital, but you won’t be able to follow the safe risk management numbers.
You must be a consistent trader so you can maximize your little capital. That is how you can earn from a starting small capital.
Starting a small account and being to grow it consistently is one of the things you must know.
You can use small capital to trade using the SMC.
“There are a lot of scammers in trading.“
True, there are scammers in trading, but they can only prey on you if let them manage your money. They are the ones who ask you to deposit money on their accounts and then they will run away your hard earned money.
There are also good traders, that trade for themselves and use brokers as middlemen so you can safely give your money which is held by the broker and they manage the trades for you, where in return they get the income.
“Trading takes a lot of Time. You’ll have no time in your life.“
Trading when done properly and with discipline can give more time to your life.
SMC can be used to specifically get in on certain times of the day only and take those trades that will give you good returns and profits.
You just have to use the right strategy and technique specially using the SMC strategy. Timings are usually taken from the trading sessions.
You also need trading plan to work on the results that you wanted and with discipline.
“You should trade without stop loss.“
This is one of the myths even in SMC that will surely kill and blow your account.
In trading, to implement risk management, you must use a sizeable and proper stop loss per entry. This will give you an edge to grow your account although your win rate is below 50%.
Practice trading with a stop loss and this will make you great returns in the long run. But you still need to practice your strategy and do your proper process execution on the trades you are taking.
“In trading, you can get rich quick.“
One of the myths of trading that scammers capitalize on is your quick-rich goals. Trading is not that way. That will be gambling.
In trading you use time and skills to grow your capital and treating it like a business is the best way.
In the early times you must practice and learn a lot, education is also part of the process but you must get your hands dirty on the market, that is the only way to earn and learn the skill in this industry.
Trading is a profession, wherein you must study and practice to be good at it.
“You need a lot of monitors and high-end computer to trade.“
Trading platforms don’t need a very powerful computer. Something that can run the trading platform and be able to connect to the internet is enough.
You can trade on just a single laptop screen or just an additional extra screen. That’s all that you need, and even some people trade on their mobile phones.
It’s the skill and practice that you put in as your effort to be a profitable and successful trader.
Keep things as simple as you can, it might add up to your confusion if you are using too many screens, aside from waste of electricity usage.
Check out the course on SMC if you are new:
But if you are an experienced one, then head to this SMC TOOL
What is the Smart Money Concepts and how to do it as a sniper trader to earn in trading?
Smart Money Concept is a trading strategy that is based on the idea that certain market participants, such as institutional investors and hedge funds, have access to more information and resources than individual traders. These market participants are commonly referred to as “smart money” and their trades are believed to be indicative of the market’s future direction.
To implement this concept as a sniper trader, you would need to focus on identifying and following the trades of smart money participants. This can be done by:
- Analyzing large trades: Look for large trades that are being executed by institutional investors or hedge funds, as these are typically indicative of smart money activity.
- Identifying market sentiment: Pay attention to the market sentiment and try to identify any shifts in sentiment that may be caused by smart money activity.
- Monitoring news and social media: Keep an eye on the news and social media for any announcements or developments that may be indicative of smart money activity.
- Using trading tools: Utilize trading tools such as order flow and volume analysis to identify smart money trades.
Once you’ve identified smart money trades, you can use this information to make more informed trading decisions. For example, if you notice a large trade being executed by a smart money participant, you may want to consider taking a similar position in the market. However, it’s important to remember that this is a high-risk strategy and it’s important to have a well-defined risk management plan in place.
It’s also important to note that smart money is not always right and that the markets are complex and difficult to predict. Following the smart money is a strategy among many others, and it’s important to use this information in conjunction with other forms of analysis such as technical and fundamental analysis.
Check out the course on SMC if you are new:
But if you are an experienced one, then head to this SMC TOOL