The Inner Circle Trader review: Is ICT a legit or scam forex trading mentor?
5 star the Inner Circle Trader review by Vin_7, New Zealand
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What is the Inner Circle Trader?
The Inner Circle Trader or ICT is a private fourm and a popular trading YouTube channel created by Michael J. Huddleston.
Michael describes himself as "the Mentor of your Mentor." His trading mentorship and educational video materials date back to 2017. The Inner Circle teaches about price action, technical analysis, using patterns, scalping, session trading, swing trading, risk management, and psychology.
Please read Inner Circle Trader Reviews below and share experiences with this forex trading mentor.
Recent User Reviews of The Inner Circle Trader
Love from India.
Thank you ICT.
ICT is saying out loud how the Big Boys make money
ICT is turning me into a 'smart money' trader, instead of their 'liquidity provider'.
I've only been watching ICT's free youtube videos for about 1 week. I've already learned about Fair-Value Gaps, Liquidity pools and very importantly, the key times to be checking the market. Wait, not checking, but the times of day you should use to plot the 'highs' and 'lows' on your chart as 'liquidity pools'.
I no longer try to get up at 1 or 2am to 'see if there's a good trade'. Instead, I just wait til morning, review the overnight (London) session, and plot the high/low appropriately. I would say that 3 out of 5 of the days I've been watching, price has gone back to the London High and/or the London Low during the NY session.
Like most of us, I couldn't wait to try out these techniques, but I did so very low risk. Not Forex, not Futures, but Options. When ICT theories indicated Bullishness, I sold a SPY 7DTE Put-Spread; when Bearish, I sold a Call-Spread. This provided a hedge, in case I was wrong on the market direction. But, each time, I was right (or if not right, I had time to wait for the market direction to change). With options, you also get the benefit of time decay, so when entering by 'selling' instead of buying, the options become cheaper to buy back at a later date.
Just a few days into the week, I started just buying a call when Bullish or buying a put when bearish. This uncapped my profit, which the spread structure was limiting. Again, all of the ICT theories I was using worked out fine. I even bought a few 0DTE calls yesterday, and at end of day, the market shot up and I made $80 on 3 calls. If I had been wrong, I would have lost my initial investment (but it was only about $49/call). BTW - that's one of the nuggets you'll learn in the early videos, about the end of day moves.
Overall, I grew my options account balance from $2100 to $4199 in only 7 trading days! That's a 2X folks! and all it cost me was maybe 24 hours or so of watching & rewatching the first 5 episodes of the 2022 Mentorship, which ICT has generously provided on his Free Youtube Channel.
Also, follow him on Twitter to see his daily comments and announcements for future videos and Twitter Spaces. He produces a lot of content!
Thanks so much, Mike!
My trading is next effin' level because of ICT
You must work hard, study your butt off, and take meticulous notes. But it will pay off.
unfair first review am here to set the record straight
Jul 2, 2020 - 1 Star My journey began 2014/15 when his materials were free. I believed all that was taught. Yet i felt i missed something and took 2018 mentorship. Before i took the mentorship i was in an ict group trying to solve the supposedly ict puzzle. And we agreed to join the mentorship and share our understanding and help each other. I quickly realized that in the weekly commentary ict always gave you two possibilities of the market direction which is the way he safes himself from bad calls. But at that time i didn't see through the false narrative just yet. At that time in my blind believe i was being taught to trade with the banks, so be still and let the master teach. When i finished the concepts i was as lost as i were before the Market Maker series. I had seasonal wins which in those moment i felt like a trading God cause i was trading with the smart money. But in the long term i realized that i had more losses than profits. Paid an extra 25USD to get the charter member material. Maybe it's in there. So it became obvious i was duped by mr ICT the trading God himself. Some part of me still wanted to believe but i quickly started to look around when i saw our ict study group were failing and i'm glad i did. I manage to get out of the box that ict puts you in. Cause that is what he does. he puts you in a box where he is the master where,you are wrong and he is right. You are being mind raped and still you are wrong. Break and retest beats every single one of ict concepts. Don't believe me? Backtest it. Don't waste your time with ict. You are believing in something that isn't there. Break and retest 4life from a former devoted ict believer.
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What is TheInnerCircleTrader?
TheInnerCircleTrader offers mentorship services where traders can pay a monthly fee to learn trading knowledge from TheInnerCircleTrader.