Forex Beginner Enemy #1: Random Trades

mprincipatoGeneral CommentsLeave a Comment

As short term forex traders, we are exposed to a great deal of price noise since we usually watch time frames that are 15 minutes or less. We are constantly developing our ability to measure when the probability of achieving our potential return is greater than the risk that it presents. What helps us refine this skill and simplify the … Read More

Your trading power lunch

BellaGeneral CommentsLeave a Comment

Hi Mike, I had read your book and found it really educational as well as being very fun and entertaining to read! Thanks so much for generously sharing your experience, and also for the really great blog as well as all the videos from Steve. I have a question I was wondering if I could get your thoughts on. I … Read More

Forex and Pizzerias?

mprincipatoGeneral Comments2 Comments

You have all heard the business analogy used a billion times in the trading world. And in case you haven’t, it goes something like this, “If you want to do well at trading, you must treat it like a business.”. Then they go on to cite some business examples and you pretty much get the rest of the idea. So … Read More

Do not say Practice

BellaMike Bellafiore's (Bella's) Blogs5 Comments

I end most emails with: “Keep working on your trading game.”  We teach our traders to do the daily work each day that helps them improve.  They are training to become consistently profitable traders (CPTs).  Their ultimate goal is to become a your best trader (YBT). Apparently I could use better words to motivate my traders. Dan Coyle, author of … Read More