I received this email question from one of our new female traders. Yesterday I began to be really vigilant about asking myself a series of questions before each trade. I need to improve on answering each of them accurately and honestly (a goal for today), but I think the practice is hugely helpful. Is there anything you would add to … Read More
Forex Road Map
Marc Principato, CMT records a trade setup as it happens on the S&P 500 CFD instrument. This is an example of how the traders in the SMB Forex and Futures program manage emerging opportunities. It’s like having a road map. Can you see the value? — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Is He a “Real Trader”?
I come from a prop firm that’s heavily composed of traders that scalp for a penny profit on list of selective stocks that meet the necessary criteria. Yesterday, our firm has been banned for a week on using the routes on these selective stocks that are necessary to implement the penny scalping strategy from our provider due to selective traders … Read More
The #NewNormal and $SPX 1680
I was on BBC a few days ago to talk about the market’s reaction to the “fiscal cliff” legislation. I had hoped to use the opportunity to spend some time clearly outlining a concept I discussed in my final webinar of 2012. The BBC economics reporter prattled on longer than expected so I only had about 60 seconds to outline … Read More
The Forex Road Map
When new traders enter the forex market, they install their platform of choice and then ask the following question, “How do I know which way my forex pair is going?”. They usually seek the answer by immersing themselves into the world of confusion. Amazingly enough, newer traders already come to the game with the preconceived notions that their brokers love. … Read More
Forex: Are Futures better than Spot?
These days traders have so many choices in terms of what instrument they want to use to express their opinion in the markets. There are mini futures, cfds,spot, ETFs, and regular futures contracts not to mention traditional stocks and bonds. So spread capital amongst all these products and combine that with a general lack of trust from the general public … Read More
Forex: Where’s the “Easy” Button?
Many new traders are looking for a trustworthy resource that will hand them a strategy with a high percentage win rate, a stellar track record and a very short learning curve. This is reminiscent of the many attractive young women in New York City today who according to their online dating ads all seek the same guy: tall, handsome, full … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More