Why I Abandoned ICT for DTFX : is ICT a SCAM?

Introduction

In this tutorial, we will explore the reasons behind the speaker's transition from ICT (Inner Circle Trader) strategies to DTFX (Dynamic Trading Forex). The speaker shares personal insights and experiences, highlighting the differences between these trading approaches. This guide aims to provide you with a clear understanding of both systems, helping you make informed decisions about your trading journey.

Step 1: Understanding ICT Trading

• What is ICT?

  • ICT stands for Inner Circle Trader, a trading philosophy focused on market structure and price action.
  • It often emphasizes concepts like order blocks, liquidity zones, and market maker theories.

• Pros of ICT:

  • Offers a systematic approach to trading.
  • Provides educational resources for understanding market dynamics.

• Cons of ICT:

  • Can be complex and overwhelming for beginners.
  • Some traders find it difficult to apply the strategies consistently.

Step 2: Exploring DTFX Trading

• What is DTFX?

  • DTFX stands for Dynamic Trading Forex, which focuses on a more adaptive and flexible trading style.
  • It emphasizes real-time market analysis and quick decision-making.

• Pros of DTFX:

  • More straightforward and easier to implement for many traders.
  • Allows for quick adjustments based on market conditions.

• Cons of DTFX:

  • May lack the depth of analysis provided by ICT strategies.
  • Requires a solid understanding of market dynamics to be successful.

Step 3: Comparing ICT and DTFX

• Education and Resources:

  • ICT provides extensive educational materials, but the information can be dense.
  • DTFX may have fewer formal resources but encourages learning through practice.

• Trading Style:

  • ICT often involves a structured approach with a focus on specific setups.
  • DTFX promotes flexibility, allowing traders to adapt to market changes.

• Personal Preference:

  • Consider your trading style and preferences when choosing between ICT and DTFX.
  • Reflect on which system resonates more with your experience and understanding.

Step 4: Making the Transition

• Evaluate Your Experience:

  • Assess your current trading knowledge and comfort level with each system.
  • Identify what you enjoy most about your trading style.

• Start with DTFX:

  • If you decide to switch, begin by practicing DTFX methods on a demo account.
  • Focus on understanding market movements and developing your strategy.

• Gradual Integration:

  • You can integrate concepts from both ICT and DTFX if you find value in both.
  • Experiment with different strategies to see what works best for you.

Conclusion

Choosing between ICT and DTFX trading strategies depends on your personal preferences and trading style. While ICT offers a structured approach with extensive resources, DTFX provides flexibility that can be beneficial for quick decision-making. Take the time to evaluate your experiences and consider practicing with DTFX to see if it suits your trading personality. Always remember to manage risk and stay informed as you navigate your trading journey.