Djamal Adib has done years of research and then building models to trade around retail traders’ orders in the forex market.
In this interview with trader Ian Cox (co-host of Chat With Traders) he strips down the way retail traders’ positions are used by algos to make money and how price is pushed around in often erratic ways to price out ‘dumb money’ almost to the last pip, using practices such as stop hunting.
If you have been struggling with forex trading and wondered if commercial EAs/bots or just redrawing trendlines may help you, well, think again…
By the way, Djamal does not sell any stuff and is not going to give you illusions of making you rich.
There are not many ‘serious’ forex traders out there, and in spite of it being a multi-trillion-Dollar market, it is very hard to crack. Sure, you can build models etc. but most professional activity is concentrated on other asset classes, leaving forex as a bit of a Wild West area. Investing time, years indeed. as Djamal did, on forex shouild not be done in a hurry.
Hence here on Babypips we can get hints where smart money will hunt…If you know what I mean. Though just reading analyses here and trading against it is not enough. There is a plethora of techniques and understanding that are more important.
Yes, and Djamal names a few in the interview, which led me to his channel where there are lots of videos on the subject.
I am not saying this is the only way of trading currencies profitably, but there really are few voices in the forex space that are coming from true research and can be trusted by traders. I personally left forex behind just over a year ago after years of trying to 'crack" it but finding it frustratingly unworkable.
I am not everybody…but as you say, forex trading orders are regularly used against traders, as Djamal explains, in spite of claims of a no-dealing-desk guaranteeing a ‘fair’ chance of traders making money.
The space is just not very newbie-friendly and it may be better to buy and hold stocks than day-trading forex, boring as it may sound.
I totally get where you are coming from and agree with you as well. Stocks are much safer than forex. It has a much lower entry barrier. However by mastering smart money you will do very very well in forex. Don’t give up. You are on the right path! Give ‘‘ICT’’ on Youtube a try. Many long videos, but worth the effort. He also advices to not rush as you need to build data on demo for a good while, before you can trade live.
Exactly! Watch all the videos, make notes (you can include timestamps and screenshots), practice part by part by going into the charts (Tradingview being very easy and precise) and the results will speak for themselves. At first it will sound like he is boasting in his videos, but eventually you will see that those are facts as well.
Everyone is free to grow the business they want. Just as I am free to share knowledge so others can become profitable vs being stuck in the gutter.
This aside you are insinuating things, while they are not even true. Learn how to communicate respectfully. I end my communication with you here.
YouTube channels that make money are not de facto a sign that someone is unable to generate
an income from trading or from creating a trading product.
I personally know a few YouTubers who are not snake-oil salespeople but are credible
traders and people in the finance space: their reputation is a selling point, so they fact-check
before they broadcast anything and they are honest about what they do in that space. This makes
them very appealing, which attracts a lot of views and subscribers, which, eventually can get them
on the YouTube partnership programme that leads to monetisation: however, it is not always
a shower of cash, and I would say it is often done in the spirit of not just self-promotion but also
reaching out to create a small community, to truly educate but also connect.
I can only speak for people with integrity in this space, like
Julia Cordova
Morad Askar (FuturesTrader71)
Liz and Jenny (Liz&Jny Show)
Anthony Crudele
John Kicklighter (DailyFX)
Michele ‘Mish’ Schneider (MarketGauge)
Tessa’s voice is so calming, I’m afraid I’ll fall asleep. 
