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
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
Are You Too Smart For the Forex Market?
Throughout our entire upbringing we are conditioned to believe things like getting good grades leads to great rewards. This concept plays out well in the medical and law professions for the most part. These people get paid for being smart. Now when it comes to trading the financial markets as a profession, being too smart can often hurt you despite … Read More
What Does “Results Oriented” Mean To You?
In the forex world, there are many educators. Some are very well known, well funded, offer nice presentations and charge a lot of money for training. Then there are the lesser known, maybe less produced traders who offer their wisdom, tools and techniques for much lower prices. Then of course like in any other business you have outright marketers who … Read More
What is Your Advice for Trading Success?
Bonjour! During some down time in Paris I met with an FX trader and later a broker who wanted to be a trader. Both spoke English but admittedly not as well as they would have liked. At times it was difficult to communicate. When we got really stuck I just wrote down my major points in English and let them … Read More
Free Options Webinar Today at 5pm EDT : Jay Biddy on trading directional near month and weekly options
SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading.This coming week, Jay Biddy, of Biddytrades.com discusses his approach … Read More