The Inner Circle Trader review: Is ICT a legit or scam forex trading mentor?

ICT has a proven live track record for failing miserably. ICT failed in his 2016 bid to trade to $1million. When he ran his account to nearly nothing, he claimed he intentionally was trading like an inexperienced trader, just so he could show everyone how he was going to climb back. But he didn't. If ICT could have turned $10k to $1million, he would have and we all know it. Then he entered the 2024 Robbins cup and blew his account. But he said "lets f***ing go" and some other emotional things in response to fair criticism so maybe that was his big win. He kept his followers amped so he still made good money, so big big win for him. He lived in a very modest townhome despite being a "multimillionaire with a lot of commercial property" before he started selling mentorships, and after he started selling mentorships for his system he can't even make money at, he moved into a giant mansion. Zero of his student have a confirmed successful trading record (I'll edit this review if anyone shows me otherwise). Zero are on any leader boards. Prove me wrong. Everyone says they've been studying his concepts for years but still aren't profitable. What the hell kind of system is that? He has hundreds of hours of videos and still no one has any idea how to be successful? Watch 5h of videos and still no idea where your stop loss goes? That many lectures would give you an accounting degree. He intentionally released videos with partial and apparently misleading information (his optimal trade entry was 62%, but really he was entering at order blocks and FVG's and later said 62% didn't matter at all? - so couldn't just say the truth from the start? Just to dick with people for a few years? He thought people looking to learn wanted to learn the almost thing, not the real thing and would be happy about that? I can't remember teaching someone anything and misleading them because "they weren't ready for the whole truth". "You told me how to change my break pads incorrectly and my car flipped on the freeway" " Yeah well you weren't ready yet"). He has stated he's made millions in mentor subscriptions, admitted that's been way more than he made trading. It is immaterial what a person thinks they are gaining from a mentor service if they can't make money from it. It's very sad the mentor can't make money from his own system either. For what it's worth, Sive Morten has posted his live trading results and he had a 30% gain in a few weeks and most of it was bias plus excellent risk management, taking partial profits and moving stops to break even. ICT is another dude selling hopes and dreams to suckers and poor people. I have consumed most of his free content over the years, never paid him a dime thank God.

Love from India. I'm not FOREX trader but I follow ICT to adapt real core trading concepts in local markets. I personally and sincerely follow ICT in you tube and I spend daily 1-2 hours of his archival videos. Here is my review. Great teacher, mentor and motivational speaker so far I seen in Trading gurus. Not only his skills but his motivational speeches also well worthy and enlighten our long trading career dreams and help to achieve goals. After following ICT concepts, even I never believe myself out of 22 trading sessions I lost only 2 times that to with minimal SL. rest all trades closed with 10% profit of my principle amount.
Thank you ICT.

The most important thing I have already gained from ICT's teaching is that I can 'stay in the trade' longer, because I don't second-guess whether it is 'going my way'. This limits the 'death by 1000 cuts' I was suffering by jumping out of losing trades, only to have them become profitable moments later. (I was providing liquidity to the smart 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!

There is no paid for mentorship available only links to youtube video's? Website abandoned?

I've been watching ICT for two years now on YouTube. I finally had my "aha" moment as to what his concepts are teaching me. I can now trade with 100% certainty as to where the market will likely reach for. No one has been able to make me as good as seeing the markets for what they are as Michael has.

You must work hard, study your butt off, and take meticulous notes. But it will pay off.