Boris's Weekly Email - Three Things I learned from a Superstar Hedge Fund Trader

BK Forex Trading Signals BK Club Forex Trading Education www.bkforex.com Boris' Weekly Trading Newsletter Traders First and Analysts Second Blood, Sweat & Pips - Here are our thoughts on Trading      See how we LIVE TRADE the NFPs on 12.6.13 Thoughts on Trading  Three Things I learned from a Superstar Hedge Fund Trader Last night I hosted a  webinar with Turney Duff, the New York Times bestselling author of The Buysideand former trader for Galleon, Argus and Jim Cramer's old hedge fund. Turney is a natural raconteur and he told many wild stories of the gogo 90's and 00's in hedge fund business when young men and women of Wall Street felt like they owned the world. Last trade Long GBP/NZD +50    JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION  Turney had access to the very center of power on Wall Street and was witness to all of the insider games that went on in the markets. But last nights conversation did not dwell on the women-drugs-money excess of the era. Instead we talked shop for an hour and a half and his insights into what makes a successful trader were fascinating. So I thought this week and next I'd share his ideas with you. 1. There is NO ONE STRATEGY for success. One of Turney greatest skills is his ability to improvise and adapt. His greatly appreciates the fact that financial markets are always changing. In fact change is the only constant in the markets. Markets change not only in style (going from trending to choppy and vice versa) but in structure as well (from human voice trading, to computerized entry, to robot to robot trading). He readily conceded that some of his fast news trades would now not work in a market when robots beat you to the punch. So to be successful today, a trader needs to have a longer horizon and compete on analysis rather speed. 2. Never let your Profit and Loss Statement Determine Your Trading This is such a common mistake that many of us are not even aware that we are making it. How often do you find yourself selling your position just because its profitable and "you made enough" or holding on to a loser "until it gets back to even". By doing this we let the account equity drive our entry and exit orders. The end result is that all of us wind up cutting our winners short and letting the loser bleed. Indeed every study of retail trading accounts shows this pattern repeats over and over. According to Turney, the only question you need to ask yourself is "IS THIS POSITION A BUY OR A SELL RIGHT NOW?" If you did not have this trade on -- what would you do? If the answer is opposite of what you are doing then make the change. 3. You are not trading stocks, you are not trading currencies, you are not trading options -- you are trading INFORMATION When you are speculating you are engaged in the art of trading information. We tend to objectify our trades and because as human beings we need to relate to something concrete we will often find ourselves attached to a position because we "believe" in the particular stock or currency pair. In reality they are just abstract symbols. It is very important to realize that when we trade we are simply speculating about the value of the information to the marketplace. That's all. If the information isn't valuable, our trade won't work. That is why it is not worth it to obsesses or get emotional about any specific trading idea in your account. Its just a bet on information and no matter how much you cheer or curse it -- it really doesn't care. The trade will do what the trade will do.  Next week I discuss why Turney thinks you should cheer and celebrate all your losses and how anyone can find strong trading ideas without resorting to insider info. The video of the webinar can be found here       JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION      Weekly Technicals Forex Weekly Technicals Euro Crumble 02.3-7.14 Become a Member of BKForex.com 2-5 BK Trades Per Week Each With a Game Plan and Specific Stop and Exit Directions Try BKForex.com now for only $59 Sincerely, Boris Schlossberg and Kathy Lien BKForex.com Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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ABSOLUTELY LAST CHANCE to Sign up for FREE WEBINAR with Superstar Hedge Fund Trader Turney Duff

Dear Forex brown,   Rob Booker and I are   super excited to host a once in a lifetime FREE WEBINAR with superstar Hedge Fund Trader and New York Times bestselling author Turney Duff this Thursday January 30th at 8 PM NY time (0100 GMT).          Turney Duff was the head trader for such famous (and infamous) hedge funds such as: Galleon Argus JL. Berkowitz of Jim Cramer's (MAAAD Money fame)   He had the front row seat to the upper echelons of Wall Street trading houses and understands better than anyone else what REALLY DRIVES FINANCIAL MARKETS.   Join us for a no holds barred, heart to heart talk with Turney about his personal and professional journey as an elite Wall Street Trader.   We'll ask him 1. What are his MOST memorable trades? 2. What are some of the unusual ways that he generated ideas? 3. How can a regular investor effectively compete against the big boys?   According to Turney - when we enter the markets we are not trading   stocks, we are trading information so learn from one of the best on Wall Street on how he acquired his edge.   So register NOW because we guarantee you that seats will be gone quickly, but if you register and cannot attend for any reason, you will still be able to watch the full webinar on-demand.   Just register using the following link and we'll see you at 8:00 PM ET / 01: GMT on Thursday January 30, 2014     REGISTER NOW      http://www.bkforex.com/buyside/           Sincerely, Kathy and Boris Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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Sign up for FREE WEBINAR with Superstar Hedge Fund Trader Turney Duff

Dear Forex brown, Rob Booker and I are super excited to host a once in a lifetime FREE WEBINAR with superstar Hedge Fund Trader and New York Times bestselling author Turney Duff this Thursday January 30th at 8 PM NY time (0100 GMT).    Turney Duff was the head trader for such famous (and infamous) hedge funds such as: Galleon Argus JL. Berkowitz of Jim Cramer's (MAAAD Money fame) He had the front row seat to the upper echelons of Wall Street trading houses and understands better than anyone else what REALLY DRIVES FINANCIAL MARKETS. Join us for a no holds barred, heart to heart talk with Turney about his personal and professional journey as an elite Wall Street Trader. We'll ask him 1. What are his MOST memorable trades? 2. What are some of the unusual ways that he generated ideas? 3. How can a regular investor effectively compete against the big boys? According to Turney - when we enter the markets we are not trading   stocks, we are trading information so learn from one of the best on Wall Street on how he acquired his edge. So register NOW because we guarantee you that seats will be gone quickly, but if you register and cannot attend for any reason, you will still be able to watch the full webinar on-demand. Just register using the following link and we'll see you at 8:00 PM ET / 01: GMT on Thursday January 30, 2014   REGISTER NOW    http://www.bkforex.com/buyside/ Sincerely, Kathy and Boris Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

He would have eaten The Wolf of Wall Street for lunch. FREE WEBINAR with Superstar Hedge Fund Trader Turney Duff

Dear Forex brown,   Rob Booker and I are super excited to host a once in a lifetime FREE WEBINAR with superstar Hedge Fund Trader and New York Times bestselling author Turney Duff this Thursday January 28th at 8 PM NY time (0100 GMT).        Turney Duff was the head trader for such famous (and infamous) hedge funds such as: Galleon Argus JL. Berkowitz of Jim Cramer's (MAAAD Money fame)   He had the front row seat to the upper echelons of Wall Street trading houses and understands better than anyone else what REALLY DRIVES FINANCIAL MARKETS.   Join us for a no holds barred, heart to heart talk with Turney about his personal and professional journey as an elite Wall Street Trader.   We'll ask him 1. What are his MOST memorable trades? 2. What are some of the unusual ways that he generated ideas? 3. How can a regular investor effectively compete against the big boys?   According to Turney - when we enter the markets we are not trading   stocks, we are trading information so learn from one of the best on Wall Street on how he acquired his edge.   So register NOW because we guarantee you that seats will be gone quickly, but if you register and cannot attend for any reason, you will still be able to watch the full webinar on-demand. Just register using the following link and we'll see you at 8:00 PM ET / 01: GMT on Thursday January 30, 2014     REGISTER NOW      http://www.bkforex.com/buyside/         Sincerely, Kathy and Boris Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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Boris's Weekly Email - The Shortest Pip

BK Forex Trading Signals BK Club Forex Trading Education www.bkforex.com Boris' Weekly Trading Newsletter Traders First and Analysts Second Blood, Sweat & Pips - Here are our thoughts on Trading      See how we LIVE TRADE the NFPs on 12.6.13 Thoughts on Trading  The Shortest Pip   At around 7 AM NY time this past Wednesday things were looking mighty bleak at BK. The week prior I had shorted AUD/NZD -- which produced a picture perfect setup for type of trades we do -- only to watch it come within 3 pips of my target and then retrace all the way back to stop us out and THEN proceed to once again turn to the downside.       Last trades   Long EUR/AUD +150 Long GBP/AUD +150 Long USD/CAD +168           JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION        I was beating myself up over the pricing of the entry in the trade, playing the ever popular and the ever useless second guessing game of "if my aunt had b-lls she'd be my uncle." And now with that sour memory still in my mind I was staring at USD/CAD which had broken out through the key 1.1000 level just the day before and in typical USD/CAD fashion refused to move higher, catching all the breakout traders like myself leaning the wrong way. The pair had floundered throughout the night and was moving dangerously close to my stop.   55, 54, 53. "F -just stop me out already!" I thought to myself, my mood darker than the winter New York night. 52.5, 53, 54. It was like water torture, but the trade managed to stay alive by 1/2 of one pip.    By morning USD/CAD had moved off the lows and of course in wake of the dovish BOC announcement it raced to fresh yearly highs and we eventually made 168 pips on the trade. That was followed by 150 pips on GBP/AUD the day after that and another 150 pips on EUR/AUD the day after that. Voila, suddenly we had the best week in our history.   So what does this week in market teach us? That the difference between losing and winning can often rest on one single pip. That's is why we should never be despondent when we lose, nor ecstatic when we win. To trade for the long term means to stick to a process irrespective of the vagaries and frustrations of the day to day flow. At BK we have been much more disciplined in our approach this year and that hopefully is far more important than the weekly pip tally which is much further away from your control than you think.           JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION      Weekly Technicals Forex Weekly Technicals Risky Business 01.26-31.14 Become a Member of BKForex.com 2-5 BK Trades Per Week Each With a Game Plan and Specific Stop and Exit Directions Try BKForex.com now for only $59 Sincerely,   Boris Schlossberg and Kathy Lien BKForex.com Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.

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Join us at the NY Traders Expo

Register FREE to Attend The Traders Expo! February 16 - 18, 2014 New York, New York Marriott Marquis Hotel Get Hands-on Mentoring, Strategy Development, & Guidance from the Best Traders in the Business. With 50+ top-performing traders offering LIVE, personalized education spanning every market, sector, and financial instrument, The Traders Expo New York 2014 promises to deliver more reliable information and lasting benefit in just three days than you'd get from weeks of financial media! Register FREE to Attend → Join BKForex for These Special Presentations! Kathy Lien Boris Schlossberg Daytrading the Forex Market with High Probability Set-ups Monday, February 17, 2014 | 1:45 pm - 2:15 pm EST Daytrading the forex market can be very exciting, but also treacherous for the retail trader. Learn how individual traders can avoid the common pitfalls of this strategy and select the most promising opportunities by using proper fundamental, technical, and money management analysis. Kathy Lien will provide a step-by-step walk through some of their most popular daytrading set-ups and show how they integrate market information into actionable trade ideas. What Are the Four Biggest FX Trades? Tuesday, February 18, 2014 | 10:30 am - 11:15 am EST A brand new year means brand new trading opportunities. Join CNBC contributors Kathy Lien and Boris Schlossberg for a special session on the four best forex trading opportunities for 2014. They will talk about where the US dollar and euro are headed this year and what are the best currencies to buy and sell them against. If you are interested in return and value, this is the session for you. As traders first and analysts second, Kathy and Boris will also show you how to fuse fundamental analysis with technical analysis to identify trade ideas. Get the Trading Edge-Learn What Makes G-10 Currencies Tick* Tuesday, February 18, 2014 | 3:15 pm - 4:30 pm EST  Every major currency in the G-10 universe has a very specific personality. Knowing the nuances of how to trade the EUR/USD as opposed to the Aussie or the Japanese yen can often mean the difference between success or failure in the forex market. Join Kathy Lien and Boris Schlossberg of BK Forex in this fascinating presentation on the the unique quirks of each particular currency along with some practical examples of how to trade each pair effectively. *This session is part of the VIP Trading Symposium. To attend this and all the other sessions for this event, you must purchase a ticket. Ticket prices are: $595 per person if purchased by February 11; $795 per person if purchased after February 11. Ticket purchase includes refreshments served throughout the day for the duration of the VIP Trading Symposium. Added Bonus: Register Today and Receive a FREE eBook, 4 Proven Techniques to Profitably Time the Market! Find complete show details and register FREE today! Call 800/970-4355 (mention priority code 034205) or visit www.NewYorkTradersExpo.com Register FREE to Attend →

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