Let’s talk conspiracy theories. Many new traders get caught up in the idea that they cannot make any money because the spot forex market is manipulated. The dealer, (aka your broker) knows where your stops are and purposely runs them in order to generate losses for you and wins for him. They don’t let you out of your winner at … Read More
Forex Trading Room Recap 10.12.12
In this segment, Marc Principato, CMT explains an example of the crowd behavior behind support and resistance levels. This is a basic example that emphasizes the importance of having a strong understanding of the psychology behind the movement of prices. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
The Great Paper Trading Debate: Helpful or Hurtful?
When it comes to paper trading, there seems to be two strongly opinionated sides to its purpose in helping traders learn how to trade. There are the opponents and this group usually includes brokers (I wonder why). Their argument goes something like this: Paper trading is something you want to do for maybe a week or so in order to … Read More
How Long Does It Take To Learn To Trade Forex?
This is one of the most common questions educators have to address when offering programs to help newer traders improve. It is also one of the most difficult questions to answer. Usually the answer you get is, “Well, it’s different for everybody. That is a nice and easy way out. You can actually answer this questions yourself by examining three important … Read More
Forex Trading Room Recap 10.11.12
In this segment 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 Too Smart For the Forex Market?
Throughout our entire upbringing we are conditioned to believe things like getting good grades leads to great rewards. This concept plays out well in the medical and law professions for the most part. These people get paid for being smart. Now when it comes to trading the financial markets as a profession, being too smart can often hurt you despite … Read More
Top 100 Futures Trading Blogs
Today, SMB Capital was included in the Top 100 Futures Trading Blogs under the Advanced category by Commodity HQ.com. Commodity HQ offers educational content, analysis and commentary on global commodity markets.
Spencer Trade Review—$JCP $MNST $FIO
Steve Spencer reviews trading opportunities in JCP, MSNT and FIO from August 11th 2012 Steve Spencer * No Relevant Positions