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
Trading: Less Fighting, More Fishing
Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … 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
Your Brain on Neuroeconomics
******One blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading is David Blair, The Crosshairs Trader. Below is his latest Sunday Links post for the SMB Trading Community. We hope you enjoy!****** — Editor’s note Neuroeconomics is the study of human decision-making. Combining several fields of study from behavioral economics to … Read More
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