Dark Light
Reddit Scout Logo

Reddit Scout

Discover reviews on "inner circle trader" based on Reddit discussions and experiences.

Last updated: December 24, 2024 at 04:03 PM
Go Back

Summary of Reddit Comments on "Inner Circle Trader":

Overview of ICT:

  • Inner Circle Trader (ICT) is a controversial figure in trading known for his mentorship programs.
  • Some users view his methods as Basic Price Action techniques while others criticize him for rebranding existing concepts.
  • Users mention that his mentorships are free and suggest trying them out to see if they work for you.
  • ICT followers are noted to be active on social media platforms and Reddit.

Pros and Cons:

Pros:

  • Basic Price Action: ICT's teachings focus on Basic Price Action, which some find effective.
  • Free Mentorships: ICT offers free mentorship programs that some users find beneficial.
  • Learning Opportunity: Despite controversies surrounding ICT, some believe there is still value in learning from various sources.

Cons:

  • Controversial: ICT faces allegations of being a scammer and fraudulent trading practices.
  • Ego: Some users criticize ICT for his ego and lack of transparency in trading results.
  • Confusing Teaching Style: ICT is criticized for overcomplicating concepts and lacking clarity in explanations.
  • Lack of Accountability: Users raise concerns about the lack of verification and proof of ICT's claims.
  • Arrogant Followers: Users note that some ICT followers can come across as arrogant.
  • Time-Consuming: Watching ICT's videos or mentorship program can be time-consuming due to repetition and complexity.
  • Third-Party Content: Some third-party content related to ICT may not be reliable or valuable.

Recommendations and Advice:

  • Start with Basics: Some users recommend learning basic market structure and price action before delving into ICT's methods.
  • Third-Party Resources: Users suggest watching other YouTubers who simplify ICT's concepts for better understanding.
  • Use Larger Screens: While trading from a phone is possible, using a laptop or tablet is suggested for better market analysis.
  • Avoid Mental Health Issues: Trading can be mentally challenging, so it's advised to address mental health concerns before trading.
  • Additional Learning: Some users recommend specific videos and content to enhance understanding of ICT's concepts.
  • Beware of Manipulation: Users caution against blindly following ICT's teachings without thorough research and critical thinking.

Additional Information:

  • The Downfall: Drama surrounding ICT's interactions with Babypips and suspicions of fraudulent practices were documented.
  • ICT Cult: Some users view ICT followers as being part of a cult-like community.
  • Third-Party Content: Not all content related to ICT is reliable, with users recommending caution and thorough research.
  • Alternative Resources: Users suggest other channels and courses that simplify ICT's concepts for easier understanding.
  • Time Investment: Consistent repetition and thorough understanding are recommended for grasping ICT's teachings.
  • Core Content: The 2016-2017 core content is highlighted as essential for understanding ICT's methodology.

By considering the mixed feedback from Reddit users, it's advisable to approach ICT's mentorship programs with caution, conduct thorough research, and focus on learning the basics of trading before delving deep into his methods.

Products Mentioned

Sitemap | Privacy Policy

Disclaimer: This website may contain affiliate links. As an Amazon Associate, I earn from qualifying purchases. This helps support the maintenance and development of this free tool.