Smart money concept trading is a trading strategy that is based on the idea that large institutional investors, such as hedge funds and mutual funds, have more knowledge and resources than individual investors. The idea is that these large investors can identify trends in the market before the general public and position their trades accordingly. The concept is that if you follow the trades of these institutional investors you can potentially benefit from the same trends.
The benefits of following the smart money concept trading strategy include the potential to gain access to information before the general public, the ability to follow the trend of the market, and the potential to increase profits. Additionally, following the smart money concept allows individual investors to diversify their portfolios, as they can invest in different types of assets, such as stocks, bonds, commodities, and currencies.