New ebook · 42 pages
Smart Money, Real Money
How hedge funds trade currencies, and where Smart Money Concepts fit
There are two conversations about the currency market. One happens on institutional trading desks: order flow, carry, the 4 p.m. fix, risk limits. The other happens in the SMC and ICT community: liquidity sweeps, order blocks, kill zones. This book puts them side by side, so you know which SMC ideas match how institutions really trade, and which are folklore.
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By Anselmo Boaventura, founder of TebotechSignals
Institutional reality
How dealers, real money, central banks and hedge funds move the $9.6 trillion-a-day market.
Evidence, not hype
What the research says about stop clusters, carry, trend and value, with sources you can check.
A process you can use
Top-down HTF framework, institutional risk rules and how to test a strategy honestly.
What's inside
Part One: The market institutions trade
01The largest market in the world: 9.6 trillion dollars a day, dealers, platforms, sessions and the 4 p.m. fix
02Who the smart money really is: dealers, real money, corporates, central banks and hedge funds
Part Two: How hedge funds trade currencies
03Global macro: Soros and the 1992 sterling trade, Bridgewater, discretionary macro
04Systematic funds: carry, trend and value, and the research behind them
05Multi-manager platforms and the discipline of risk
Part Three: Where Smart Money Concepts fit
06What SMC gets right: liquidity, stop clusters (Osler, Federal Reserve research), structure, sessions
07What SMC gets wrong: "the algorithm", order blocks, untested rules
08The top-down framework: monthly and weekly bias, daily OTE entries
Part Four: Process
09Risk like an institution: sizing, drawdown limits, correlation
10Testing like a quant, and the mistake that made a losing strategy look like a winner
Plus a glossary of SMC and institutional terms and a bibliography of the research cited.
From Chapter 6: liquidity is real
"Carol Osler, then an economist at the Federal Reserve Bank of New York, studied thousands of actual stop-loss and take-profit orders placed with a large dealing bank… Take-profit orders cluster just before round numbers. Stop-loss orders cluster just beyond them. This is the institutional reality behind what SMC calls a liquidity sweep. It does not require a conspiracy."
Questions
What format is the book?
A 42-page PDF (6 x 9 inches) you can read on any phone, tablet or computer. You get a download link straight after payment and by email.
How do I pay?
Securely with PayPal: your PayPal balance or any debit or credit card through PayPal. The price is $29, one time.
Is this a get-rich-quickly course?
No. It explains how institutions really trade currencies, which parts of SMC/ICT match the evidence, and how professionals manage risk and test ideas.
Who is it for?
Traders and investors who use Smart Money Concepts or ICT and want to understand the institutional market behind them, and anyone curious about how hedge funds trade currencies.
Smart Money, Real Money
42-page ebook · PDF · $29
PayPal or any card through PayPal · Instant PDF download
Educational content, not financial advice. Trading currencies and gold carries a high risk of loss. See our methodology and live track record.