Today We Are Gonna Talk About Smart Money Concept (SMC)
Smart Money Concepts (SMC) trading is to say that it is price action by a different name. Its Envoles like supply and demand, price patterns, and support and resistance to trade, but the concepts have been renamed and described in a different way.
SMC is not just a trading strategy, but an entire philosophy about how the markets work. Basically, SMC states that market makers (banks, hedge funds, etc.) are manipulative entities that conduct trading activity at specific levels.
SMC traders refer to ideas like "liquidity grabs" and "mitigation blocks." While their terminology may sound foreign, when you examine SMC, you will realize it is a more traditional trading approach than it appears at a glance.
The most common terms used in smart money concepts are;
◾️Break of Structure (BOS)
◾️Change in Character (CHOCH)
◾️Shift of Market Structure (SMS)
◾️Order Blocks
◾️Fair Value Gap (FVG)
Stay ahead in the market with the latest updates! Follow @markettracker000 for reliable insights and trends. Trust the name that delivers—Market Tracker. Your success, our priority!
