SMART MONEY CONCEPT (SMC) is the most completed trading strategy but its highly profitable.
The following are the keys to SMC;
A- CHoCH
B)- BoS
C)- POI/OB/DnS
D)- LIQUIDITY
E)- IMB/FVG.
WHAT IS LIQUIDITY?
Liquidity in Forex or any other market refers to how easily a market can absorb and match orders.
If a market has a lot of participants buying and selling big quantities, it is called liquid.
In a liquid market, it is easy to transact, spreads are naturally low, and orders are executed quickly. Where a market has little trading and only few participants buying and selling low volumes, the opposite situations occur.
WHAT IS LIQUIDITY?
Liquidity in Forex or any other market refers to how easily a market can absorb and match orders.
If a market has a lot of participants buying and selling big quantities, it is called liquid.
In a liquid market, it is easy to transact, spreads are naturally low, and orders are executed quickly. Where a market has little trading and only few participants buying and selling low volumes, the opposite situations occur.
PATIENCE is key when it comes to trading.
Stick to your rules and wait for price to come to you.
DONT CHASE!
DONT STRESS!
Just RELAX AND TRUST THE PROCESS!
If TRADING was easy, everyone will make money!
Remember WHY you started and keep pushing.