Newer traders usually are faced with similar information early in their learning curve. Much of it revolves around traditional sources of information: charts, fundamentals and news reports. People are conditioned to believe that these sources of information are accurate, reliable and actionable. They base their trading decisions on such information and often wonder why they cannot find consistency in their … Read More
Forex: What’s In Your Process?
Recently I sat through an excellent presentation about trading psychology. One thing that I learned about the best of the best traders is that their most common trait is something called “process”. Process is just another name for routine. It took me a very long time to realize how important this one concept is for the developing trader. The main … Read More
Forex Road Map
Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
The Forex Road Map
When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More
Forex Trading Realities: The Ebook
I wrote a 38 page ebook titled, “Forex Trading Realities” and wanted to take a moment to let you know what it is about and why I wrote it. The retail forex business in which we are a part of is infamous for misleading information, misguided analysis and trade stimulating ideas offered by brokers, marketers and others trying to profit … Read More
Forex: Are Futures better than Spot?
These days traders have so many choices in terms of what instrument they want to use to express their opinion in the markets. There are mini futures, cfds,spot, ETFs, and regular futures contracts not to mention traditional stocks and bonds. So spread capital amongst all these products and combine that with a general lack of trust from the general public … Read More
Forex: Where’s the “Easy” Button?
Many new traders are looking for a trustworthy resource that will hand them a strategy with a high percentage win rate, a stellar track record and a very short learning curve. This is reminiscent of the many attractive young women in New York City today who according to their online dating ads all seek the same guy: tall, handsome, full … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More