Lesson 3: You Need A Process of Your Own

Continuing the series on Seven Lessons I’ve Learned, we will explore Lesson 3: A process and methodology of your own are what make you a long-term winner. As we have seen in the past two lessons, trading well is mostly a product of making good risk/reward decisions in the face of stress. The markets can do what they’re going to do … 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: 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

Forex Trading: Know Your Time Frame

One of the more common mistakes I see new traders make is executing a trade idea that came from a larger time frame analysis, but justifying the entry from a set up appearing on a smaller time frame and expecting it to reach the greater target. It can be very confusing because the smaller time frame charts can offer refined … Read More

Forex Training: How Long Does It Take To Get Good?

I get this question all the time and it is a good question. People these days don’t have the time to invest years in this business unless it proves to be financially rewarding along the way. There are so many educators and so much information available today, yet it doesn’t seem to change the well known failure rate. So what … Read More