Let’s talk conspiracy theories. Many new traders get caught up in the idea that they cannot make any money because the spot forex market is manipulated. The dealer, (aka your broker) knows where your stops are and purposely runs them in order to generate losses for you and wins for him. They don’t let you out of your winner at … Read More
Live From The Trading Floor – 10.15.12
Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it! In todays show Steve Discusses AAPL’s recent price action and whether it is bottoming (1-4) Discusses LLY as a follow through trade (4-6) Discusses C as an earnings … Read More
Forex Trading Room Recap 10.12.12
In this segment, Marc Principato, CMT explains an example of the crowd behavior behind support and resistance levels. This is a basic example that emphasizes the importance of having a strong understanding of the psychology behind the movement of prices. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
The Great Paper Trading Debate: Helpful or Hurtful?
When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade. There are the opponents and this group usually includes brokers (I wonder why). Their argument goes something like this: Paper trading is something you want to do for maybe a week or so in order to … Read More
Bon voyage to Paris to become a better trader
Bojour. I am flying through some nasty turbulence from southern France to Paris to catch my connecting flight back to NYC. I land, drop off our bags and my wife, grab a few hours of sleep and then head back to the airport for a flight to Toronto. I am the chairman and a presenter at Quant Invest Canada 2012 … Read More
How Long Does It Take To Learn To Trade Forex?
This is one of the most common questions educators have to address when offering programs to help newer traders improve. It is also one of the most difficult questions to answer. Usually the answer you get is, “Well, it’s different for everybody. That is a nice and easy way out. You can actually answer this questions yourself by examining three important … Read More
Live From The Trading Floor – 10.12.12
Steve will be broadcasting every Monday, Wednesday and Friday at 11:15 am EDT and you will have the opportunity to chat with him through our new Stocktwits chat feature. Don’t miss it! In todays show Steve Discusses how he has traded AAPL for the past week and his reasoning (first 5 minutes) Breaks down how to manage a position in … Read More
Forex Trading Room Recap 10.11.12
In this segment Marc Principato, CMT explores multiple time frame analysis and the importance of scenario building. These are significant elements of a trading plan that trainees at SMB Forex learn to create. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions