Greed Is Good? How to Handle It

One of the most iconic images people have of Wall Street is the scene from the first Wall Street film where Gordon Gecko delivers his infamous monologue that begins like this, “Greed, for the lack of a better word, is good”. Since greed and its first cousin fear still drive markets, it does serve a purpose in terms of creating … Read More

Addressing the Trader’s Fear of Missing Out

One of the more entertaining things I hear out of forex traders that I talk to is, “I can’t believe I missed that 40-pip move! I left so much money on the table!”. My question is whose table did you leave that money on? What’s even funnier is when traders claim they’re losing money because they’re missing nice moves. This … Read More

What is Your Trading 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

Starting Your Trading Day with Scenario Building

In this video excerpt of the trading room, 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 Flexible?

Before getting into the concept of Flexibility, I want to point out helpful resources that can give you a much better idea about how we utilize the trading methodology that SMB offers forex and futures traders .  My Youtube channel offers videos each week that explain analysis and trading techniques. Subscribe here. Also you can find insight and help me … Read More

Forex Trading: The Bionic Forex Trader

Many struggling forex traders are in that position because they don’t realize one thing: the job of a professional trader is to isolate the least random market information and then take risks that are proportional to their trading capital. I say “least” random because a “non” random condition would mean that the particular setup would work 100% of the time. … Read More

Forex Trading: When Should You Go Against The Trend?

What makes prices in a financial market system fluctuate the way they do is traders entering and exiting the market for an infinite number of reasons. Some may be getting stopped out while others may be adding to a position. We can never know for sure the reasons why they may be acting a particular way at a specific period … Read More

Weekly Forex / Futures Analysis for 4/16

Marc Principato examines the technical conditions of the S&P futures, EUR/USD, GBP/USD and AUD/USD. He also offers some insight as to which way these instruments are going for the rest of the week. Please sign up below to watch the video on this week’s analysis. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own … Read More