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
The Biggest Question for a Trader
Hi Bella, When I started out to go day trading, I feel as though I have wasted allot of money and time on so-called “education”. I can tell you that I have spent over 10k in it. A friend recommended (********) to me and I took their course. They made it seem so easy with patterns and MAs. … Read More
Two Pics As A Post
ANF November 14th 2012 GMCR November 28th 2012 Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
Forex Beginner Enemy #1: Random Trades
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
What I Learned From The Best Trader at Citibank
In my senior year of college, I hit the jackpot. No, I didn’t win the lottery. I did even better– I got the job I wanted in the markets. Let me repeat: *the* job. Note: the lesson is that if I can do it, then anyone can! Ever since I was 14, I knew that I wanted to be a … Read More
A Trading Question from India
Hi Mike, I am Nikhil from India, i am a trader trading commodities , i am writing to you as you are an experienced trader , i have only few months of experience trading “live” and around 7 years experience of observations, I developed a crush on the markets when i was only 14! Anyways i want to know how … Read More
Your trading power lunch
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?
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