Prop Firm Trading & Performing Like A Pro – Mike Bellafiore @SMB Capital

Published on July 13, 2020

Search Interesting Stories Top Searched Forex Event Driven Trading Firms, Prop Firm Trading & Performing Like A Pro – Mike Bellafiore @SMB Capital.


? FREE Case Study “Quitting Your Job To Trade Full-Time”:

In episode 212 of the Desire To Trade Podcast, I sit down for a 2nd time with Mike Bellafiore, the co-founder of SMB Capital, a well-known proprietary trading firm based in New York, USA.

Watch the 1st interview with Mike Bellafiore:

As some of you may know Mike and SMB Capital help sponsor Traders4ACause which is a charitable organization focused on value. They make a yearly conference in Las Vegas in which all proceeds are donated to a set of charities. If you want to assist to the next event, get great trading related value and networking and help a good cause you can check out the event, register and donate at

Mike is also the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading and The PlayBook: An Inside Look at How to Think Like a Professional Trader.

SMB Capital’s trader-training program was highlighted in the TV documentary Wall Street Warriors. His firm has appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business.

I first heard of Mike Bellafiore and SMB Capital through Mike’s first book called One Good Trade. It describes how things are done in a proprietary trading firm and provides real stories of traders who had or hadn’t what it took to thrive in this world of trading. I highly recommend the book!

Mike has a lot of experience working with traders and came to understand what made them successful. He also knows what the learning process looks like for a trader.

Are you ready for it?

Check out the Desire To Trade Merch: (use the promo code YOUTUBE10). All profits go to charity.

Forex Trader Community (Facebook Group):
Twitter: @desiretotrade
IG: @etiennecrete

Forex Broker:
Best Platform:
Backtesting Tool:
VPS (for algo trading):
Trading Journal:

David Cutter Music –
Andrew Applepie –

My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

I blog at and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

The camera I use (Canon EOS M6)
The tripod I use: Sirui 3T-35K
What I use to edit: Final Cut Pro (Mac)

Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

Prop Firm Trading & Performing Like A Pro - Mike Bellafiore @SMB Capital, Forex Event Driven Trading Firms

Forex Event Driven Trading Firms, Prop Firm Trading & Performing Like A Pro – Mike Bellafiore @SMB Capital.


Event-driven business intelligence approach for real-time integration of technological and also fundamental evaluation in foreign exchange market

Foreign exchange market is one of the most fluid monetary market and also the largest market worldwide. Foreign exchange market has actually been analysed utilizing 2 separated methods, technological evaluation and also fundamental evaluation. Technical evaluation tries to predict the movement of rates by examining the historical information of the market whereas fundamental evaluation worries essentially with the general state of the economic situation. Counting on one sort of evaluation restricts the quality of trading choices for that reason investors generally obtain understanding right into the market by evaluating numerous aspects which may influence the market state and also the rate movement. This procedure has actually come to be progressively challenging as a result of the huge and also variant variety of rates’ factors and also the quick modifications out there characteristics.

This research study recommends an event-driven business intelligence approach to respond right away to any type of adjustment out there status by producing trading signals based upon different analyses. Targeting the value associated with the information as it shows up, different designs are developed to capture and also process the information of three money against US dollar in different frequency along with the information of 9 US macroeconomic indications. The time-series information for both technological and also fundamental indications are designed utilizing synthetic neural network while a knowledge base model is implemented to incorporate the signals produced by time-series designs. The speculative results reveal an amazing renovation in the quality of trading signals utilizing real-time consideration of different analyses.

Exactly how is the foreign exchange market regulated?

In spite of the huge dimension of the foreign exchange market, there is extremely little law because there is no controling body to police it 24/7. Rather, there are several national trading bodies around the world that monitor domestic foreign exchange trading, along with various other markets, to make sure that all foreign exchange suppliers adhere to specific criteria. For instance, in Australia the governing body is the Australian Stocks and also Investments Payment (ASIC).

Just how much money is traded on the foreign exchange market daily?

Approximately $5 trillion worth of foreign exchange transactions take place daily, which is an average of $220 billion per hr. The market is mostly composed of organizations, firms, federal governments and also money speculators speculation makes up approximately 90% of trading volume and also a large majority of this is concentrated on the US dollar, euro and also yen.

What are spaces in foreign exchange trading?

Spaces are points in a market when there is a sharp movement up or down with little or no trading in between, causing a ‘space’ in the regular rate pattern. Spaces do take place in the foreign exchange market, but they are dramatically less common than in various other markets because it is traded 24 hr a day, five days a week.

Nonetheless, gapping can take place when economic information is launched that comes as a surprise to markets, or when trading returns to after the weekend break or a holiday. Although the foreign exchange market is closed to speculative trading over the weekend break, the market is still open up to reserve banks and also related organisations. So, it is possible that the opening rate on a Sunday night will certainly be different from the closing rate on the previous Friday evening causing a space.

Final Verdict:

Event-driven trading approaches provide an excellent way to profit from boosting rate volatility, but there are numerous threats and also limitations to take into consideration. When creating and also executing these approaches, it is very important for investors to establish tight threat controls while giving sufficient space for the volatile scenario to play out out there. In the end, event-driven trading approaches provide an important arrowhead in the quiver of any type of energetic investor.

Search Popular Vids Top Searched Forex Event Driven Trading Firms and Financial market information, evaluation, trading signals and also Foreign exchange broker reviews.


Any kind of viewpoints, information, study, analyses, rates, various other details, or web links to third-party websites had on this internet site are supplied on an “as-is” basis, as basic market commentary and also do not comprise investment guidance. The market commentary has actually not been prepared according to lawful demands designed to promote the self-reliance of investment study, and also it is for that reason exempt to any type of prohibition on dealing ahead of circulation. Although this commentary is not generated by an independent source, “” STF takes all sufficient steps to remove or stop any type of disputes of passions developing out of the production and also circulation of this communication.

Enjoyed this video?
Prop Firm Trading & Performing Like A Pro – Mike Bellafiore @SMB Capital
"No Thanks. Please Close This Box!"