Greed Is Good? How to Handle It

mprincipatoMarc Principato, SMB Forex1 Comment

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

What is Your Trading Process?

mprincipatoMarc Principato, SMB ForexLeave a Comment

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

Are You Flexible?

mprincipatoMarc Principato, SMB Forex2 Comments

Flexibility in trading has to be one of the most difficult concepts to master when going through the learning curve.  I remember much earlier in my learning process when I was stubbornly committed to a particular trading style that I was learning from a chatroom that shall remain nameless.  Looking back, the style was complete nonsense but at the time … Read More

Forex Trading: The Bionic Forex Trader

mprincipatoMarc Principato, SMB ForexLeave a Comment

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