Morgan Freeman forex strategy… The fall of ICT 2023

Morgan Freeman teaches us forex from his perspective. ICT and the Smart money traders seem to have lost their foot in society. Forex trading statistically is 97% failure rate. The BEST strategy is the one that makes you money.

*An educational ACTION PACKED tale of the foreign exchange.*

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As a breakout trader in forex, you focus on identifying currency pairs that are breaking out of established trading ranges, and you enter trades in the direction of the breakout. Here are five benefits of being a breakout trader in forex:

1. Profit potential:
Breakout trades can provide large profits because they often occur after periods of consolidation, which leads to a surge in price movement once the currency pair breaks out of the range.

2. Clear entry and exit signals:
Breakout trading provides clear entry and exit signals based on the price action of the currency pair. This helps traders avoid the confusion that can occur with other trading strategies.

3. High probability trades:
Breakout trades are often high probability because they occur after a period of consolidation, which indicates that market participants are building up positions and getting ready for a potential move in the currency pair.

4. Time efficiency:
Breakout trading is a time-efficient strategy because it requires traders to spend less time monitoring the market compared to other trading strategies.

5. Risk management:
Breakout traders can use stop-loss orders to manage their risk and protect their capital in case the currency pair moves against their position. This helps traders limit their losses and avoid significant drawdowns.

Filmed by NeeNee Doheny
Edited + VFX by @matteorvsso
Directed + Artwork by TY