what is ict in forex

what is ict in forex

1 year ago 35
Nature

ICT in forex stands for Inner Circle Trading, which is a trading methodology coined by Michael Huddleston, a well-known forex trader with over 20 years of experience in the space. The ICT trading methodology is based on price action and incorporates little to no use of trend following or momentum indicators. It relies on chart technical analysis and is based on the belief that by analyzing price action, levels of support and resistance, as well as order blocks, it is possible to identify the specific areas with the greatest concentration of liquidity and therefore, to predict new trends. The ICT trading strategy is a comprehensive approach to trading that involves multiple technical indicators and charting tools. The strategy is designed to help traders identify key support and resistance levels, as well as potential areas for trading opportunities. In summary, ICT in forex refers to a trading methodology that utilizes advanced tools and software to analyze market trends, make informed decisions, and execute trades based on price action and liquidity analysis.

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