BFX Strategy is based on ICT Institutional order flows which is a concept that allows traders to trade like the banks. Before we move any further, one needs to know what moves the market. I am talking about the major moves not the moves of the retail traders.
ICT stands for (INNER CIRCLE TRADERS) now who are your inner circle traders, it is Central Banks, Large Investors, Large Corporations.
They are called inner circle traders because they move the market with their large pockets. These financial institutions can place a trade of about 2 Billion dollars we can look at when Warren Buffet lost 2 billion on one trade in 2014. ICT teaches you how to spot where Central Banks place their trades and how they use interest rates and their large pockets to set traps for retail traders.
By retail traders we are talking about you and me and other small investors in the forex market. So, from today you will be taught how not to fall for price manipulation or traps set by the market makers. ICT was introduced by one of the greatest traders who has 25 years in trading experience and his name is none other than Michael J. Huddleston.
BFX Strategy Chart
Institutional Order Flow is a concept we use to analyse the market structure and the environment of the asset class we elect to speculate in. Before we lean on the tenants of “traditional Technical Analysis, we first must determine who would benefit from such a move in Price?
We will be covering some of those concepts that were employed by Michael in this book and how I personally use them to be profitable in trading. What you are going to learn here might shock you or unsettle you.
It might also shock your treasured opinions on how the market places trades in what appears to be a “free market” I make no apologies for telling you the truth and how it plays out daily on the market.
BFX Strategy Order Block
Right now, embrace yourself as I am not promising miracles but consistency what is needed is nothing but discipline. In the forex industry what is needed is nothing more but being consistent. When you are a consistent trader you take away greed and fear because you will know what you are doing, and you will not fear losing nor will you be greedy and end up blowing your account.
With good risk management skills you are in the right path. Now get close to your charts and start practising on a demo account, you can later upgrade to a real account. Download the full pdf, read and master it. It will change your trading journey forever.
Written By: Allen Matshalaga
Allen is a professional forex trader, blogger and an online enthusiast who spends most of his time testing and reviewing legit ways of making money online and is determined to help others succeed.