Smith, Mike

Originally from the UK and living in Perth for the last 20 years, Mike has in excess of 2 decades of experience trading financial markets across all instruments, and involvement in the training and coaching of traders since 2007. He has presented extensively both online and in a live setting including the ATAA Perth chapter previously.

With a passion for finding new and innovative ways to help clients learn trading, his education background and qualifications assist him in the aim of trying to make the sometimes complex more simple and as an accomplished teacher and writer, he provides a depth of knowledge and experience that will benefit traders at all levels.

As well as trading system development and trading measurement, Mike also has a special interest in the psychology and behavioural aspects of trading.

Mike is the Senior Educator from GO Markets.

About this meeting:

The Forex market is the largest traded market on the planet and the FX traders SIG is designed to support both beginners and experienced FX traders in development of their trading of this instrument. Although the context is trading the FX market, the principles covered, as with many sessions we run, have relevance for those trading ALL instruments.

As FX markets are open during the SIG session times we will include a LIVE market update where we be exploring in Real time potential sentiment changes and trade set ups

Join Mike Smith, Head of Client Education and Training at GO Markets (www.gomarkets.com) and CEO of Trader IQ (www.traderiq.com) for this innovative, practically orientated session.

In this invaluable webinar we address the common scenario particular in FX when multiple plan-meeting signals occur across pairs (This also of course is an issue for those trading other or simultaneous trading instruments).

We will explore FIVE key questions you can ask that may offer some guidance and assist in YOUR decision about which may be the best signal to take.

As always if we gain clarity on this as a process, there is the potential to integrate this within our trading plan and evaluate through measurement to refine further to fit you as an individual trader.

The agenda for this meeting will be as follows:
• Introduction and welcome
• LIVE FX Market update – What’s moving NOW
• Your 5 key questions in choosing between multiple signal opportunities.
• Future meeting topics

The use of the Average True Range (ATR) within trading systems is not uncommon particularly in its use for defining initial stop levels as its role as a volatility measure takes into account potential movements in price.

However, its adaptability for both variable pricing and timeframe of trading instruments and strategies but also its potential use in other trading decision making action points is often underplayed.

With reference to market participant price action and order placement, we will explore the potential use of the ATR to:

  • Reduce the incidence of false breakouts
  • Assist in the setting of meaningful profit targets
  • Its use in setting initial stop but also as part of a trail stop system
  • Compensate for limited information during the entry of pending/conditional orders.

The ATR will be explored to provide justification of a position while using LIVE examples during the session.

As developing consistency in trading action so allowing effective measurement of system components and refinement of trading plans is critical for development of individually appropriate trading systems, during the session we will give example statements that could be adapted and integrated within your written trading plan.

About this meeting:

The Forex market is the largest traded market on the planet and the FX traders SIG is designed to support both beginners and experienced FX traders in development of their trading of this instrument. Although the context is trading the FX market, the principles covered, as with many sessions we run, have relevance for those trading ALL instruments.

As FX markets are open during the SIG session times we will include a LIVE market update where we be exploring in Real time potential sentiment changes and trade set ups

Join Mike Smith, Head of Client Education and Training at GO Markets (www.gomarkets.com) and CEO of Trader IQ (www.traderiq.com) for this innovative, practically orientated session.

In this invaluable session we focus on what is one of THE key differences between successful traders and those who wish they were, that of mastering measurement of trading performance.

Too often traders focus on solely account balance and the P/L of any single trade where the reality is the REAL development comes from performance evaluation of you and your system in creating an evidence-based, individually-suited and refined set of trading systems.

If one is to treat your trading as you would any business this is CRITICAL!

The agenda for the next meeting will be as follows

  • Introduction and welcome
  • LIVE FX Market update – What’s moving NOW
  • Why measure trading performance
  • Your critical trading business numbers
  • Creating a journaling process that makes a difference
  • Future meeting topics

About this meeting: 

The Forex market is the largest traded market on the planet and the FX traders SIG is designed to support both beginners and experienced FX traders in development of their trading of this instrument.

We are planning to have monthly online meetings which will be recorded and will be available to ATAA members to review in their own time. The SIG will have a forum page on the ATAA website and publish ideas on the ATAA Facebook page.

As FX markets are open during the SIG session times we will include a LIVE market update where we will be exploring in Real time potential sentiment changes and trade set ups.

The aim of this SIG is to provide an educational forum that addresses the technical approaches, system development and trading psychology of trading FX markets.

In this invaluable session we focus on ‘exits’, too often neglected in comparison to the airplay given to entry indicators, and look to give clarity not only on the benefits of an effective trail stop strategy but practical approaches to making this happen in your trading.

Please send your suggestions, experiences and any questions to Mike Smith for discussion at the SIG meetings – 

The agenda for the next meeting will follow the following guidelines:

  • Introduction and welcome
  • LIVE Market update
  • Why trailing stops?
  • Trailing stop alternatives for the FX trader.
  • Future meeting topics

About this meeting: 

The Forex market is the largest traded market on the planet and the FX traders SIG is designed to support both beginners and experienced FX traders in development of their trading of this instrument.

We are planning to have monthly online meetings which will be recorded and will be available to ATAA members to review in their own time. The SIG will have a forum page on the ATAA website and publish ideas on the ATAA Facebook page.

As FX markets are open during the SIG session times we will include a LIVE market update where we will be exploring in Real time potential sentiment changes and trade set ups.

The aim of this SIG is to provide an educational forum that addresses the technical approaches, system development and trading psychology of trading FX markets.

The SIG team would like you to suggest what would make this SIG valuable to you and encourage you to participate. We are inviting you to share your experiences with Forex trading.

Please send your suggestions, experiences and any questions to Mike Smith for discussion at the SIG meetings – 

The agenda for the initial meeting will follow the following guidelines:

  • Introduction and welcome
  • LIVE Market update
  • Similarities and idiosyncrasies of FX trading versus other instruments
  • 5 CRITICAL attributes of the successful Forex trader – a checklist for established traders
  • Get started NOW: Adding FX trading to your trading toolbox (your opportunity to test out your FX potential on a demo account)
  • Future meeting topics

Measuring trading performance is critical not only from a personal behavioural perspective but also to ensure that your system develops to fit you as an individual trader. This session addresses this topic theoretically and practically with the aim of giving you the knowledge, skills and downloadable tools to help you succeed in delivering this ESSENTIAL part of your on-going trading development, and is applicable for all traders, investing in all financial instruments.

Arguably, measuring trading performance is one of the important differentiating factors between trading as a hobby and trading as a business.

In this session we will cover:

- Why measuring trading is critical to your on-going development and the serious implications of not doing this

- The key trading business numbers which are your benchmark for measuring success or otherwise

- How to measure and record effectively your trade system performance so you can determine which parts of that system are working for you (and which are not).

- How to undertake a formal review of collected information so you can "close the circle" and integrate evidence back into your trading system and behaviours.

This learning is not to be missed.

Mike Smith's presentation to the Go Markets - Global Trading POWER Web-conference.

Your trading plan is THE critical system that you must work on and has the aim of guiding trader action in the heat of market decision making. Errors in trading plan content and construction can impact on consistency and the ability to ascertain what plan components are working for you or otherwise.Join Mike Smith of GO Markets for this innovative session that aims to give you:

  • A review of the key purpose and function of trading plans and why they are crucial to traders of all instruments.
  • Absolute clarity about what these 5 errors are and the potential impact on results if not addressed.
  • Practical trading plan statement examples of how to take your trading plan to the next level.