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

Aware Of Your Thought Framework?

mprincipatoMarc Principato, SMB ForexLeave a Comment

When first starting out trading any instrument, many beginners already have a thought framework in place whether they are aware or not. Most of the time, this thought frame work is conventional in nature.  This means that their reasoning process relies on things like conventional market wisdom, other peoples opinions and gut feelings. From the start, new traders are set … Read More

Who Are You Competing With?

mprincipatoMarc Principato, SMB ForexLeave a Comment

Have you ever contemplated who you are really competing with in the forex market?  Does it really matter?  You just want to make some money. Who cares right? It matters because you can gain great perspective from understanding why different market participants operate in the market. Contrary to what many of the retail trader conspiracy theorists believe, your broker is … 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

An Aspiring Trader’s Email

mprincipatoMarc Principato, SMB ForexLeave a Comment

At SMB we get a lot of emails from traders of all levels.  Much of the time they are from aspiring traders who are very passionate about the markets and their work.  And all of us here make every effort to respond and provide some insight into the world of professional trading.  So in this article, I am going to … Read More

Why is Order Flow Important?

mprincipatoMarc Principato, SMB Forex5 Comments

When it comes to order flow, many newer traders tend to think of volume bars or time and sales information.  It is much more than that, and it really helps to understand the premise behind how markets facilitate order flow.  It may not give you an immediate strategy to make money with, but what it does is provides an added … Read More