What is Smart Money? Free Smart Money Trading Course Lesson #1

[00:13] Hello everyone, my name is Evgeniy and this is a free course on the free course on the Smart Money trading strategy from the sm-trader project. This course is suitable for beginner traders. This is the first introductory lesson in which

[00:25] we will get acquainted with the concept of Smart Money. What does Smart Money mean in translation? Before moving on to the concept itself, let's turn to the history of technical analysis. The founder of technical analysis

[00:39] was Richard Vaykov. Likes developed the theory of market price action, which is still the guiding principle of today's trading practice. Thanks to his observations, he discovered that our market is cyclical. The Likes method

[00:55] states that the price cycle of a traded instrument consists of four stages: instrument consists of four stages: accumulation, growth, distribution, and decline. He describes price movement using the law of supply and demand. If

[01:10] demand is greater than supply, then you have a price increase. If demand is less than supply, then we have a price fall. If demand is equal to supply, then we do not have a

[01:24] significant price change. Low volatility. I want to immediately warn you that Smart Money is Technical Analysis and not an alternative or replacement for other analyzes. The very concept of technical analysis is quite common

[01:38] in our country. We have various types of extensive technical analysis, graphical technical analysis includes various figures such as heads, shoulders, triangles, levels, etc.,

[01:51] indicator analysis is based on the use of indicators and oscillators, wave analysis is based on Elliott waves, bar analysis is a type of analysis based on bars, and our main one is candlestick analysis, that is, in other words, price action, on

[02:07] which the Smart Money concept is based. The first person who began to mention such a concept as a trend and Price Action was Charles Dow. The basic postulates of

[02:19] Price Action technical analysis were defined in the 19th century in the Wall Street Journal. Charles Dow published an assumption that, in his opinion, acted on the market. According to them, forecasting is based on an analysis of changes in indices

[02:34] associated with stock prices. At that time, his position had not yet been formed into a clear theory, but this did not prevent traders from using it and trading based on these assumptions. To this day, the Dow theory is the beginning of technical analysis.

[02:50] Smart Money itself was invented by Michael Huddleston, abbreviated as the ICT project or inner circle trader. He discovered that a large player begins to carry out his manipulations when the so-called Hamsters are starting to enter into transactions en masse.

[03:06] These price manipulations are clearly visible on the Forex stock market visible on the Forex stock market and, more recently, on cryptocurrencies. The goal of this trading strategy is precisely to determine when these

[03:19] price manipulations occur. Thanks to this free course on the sm-trader channel, you can easily view the manipulations on a real chart yourself. We'll all meet in the next Smart Money training videos,

[03:34] and to avoid missing them, subscribe to our channel and like it. subscribe to our channel and like it. All the best