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Jumat, 28 Maret 2014

Boris's Weekly Email - Say No To Fake Food and Fake Trades

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Say No To Fake Food and Fake Trades   

 

This week Mark Bittman, who writes about food for the New York Times, makes a startlingly clear distinction between real and "fake" food. Recent medical studies have found that it really doesn't matter if you eat kale chips or cheeseburgers -- the key distinction between nutritional health and nutritional sickness is to avoid manufactured foods rife with processed sugar.

 

  (Shhhh.. don't tell Kathy, but I am slipping in the link to our 33% discount off the monthly price that expired last night. So if you want to lock in the low rate click below.)

  

My Secret Link to lock in discount to BK Monthly 

 

 

 

 

 

In short what is the difference between "real food" and "fake food"? The number of ingredients. As Bittman writes, "You might consider a dried apricot (one ingredient) versus a Fruit Roll-Up (13 ingredients, numbers 2, 3 and 4 of which are sugar or forms of added sugar). Or you might reflect that real yogurt has two or three ingredients (milk plus bacteria, with some jam or honey if you like) and that the number in Breyers YoCrunch Cookies n' Cream Yogurt is unknowable (there are a few instances of "and/or") but certainly at least 18."

 

 

This emphasis on simplicity is echoed by what many consider to be one of the greatest chefs in world -- Joël Robuchon. In an interview with Business Insider today he says, "The older I get, the more I realize the truth is the simpler the food, the more exceptional it can be. And it's extremely difficult, because to do something that's very sophisticated that utilizes these very high quality ingredients is very easy, but to do something simple that is exceptional - that is where the difficulty is, and it's the hardest thing to do in a kitchen. It really asks for a mastery of the ingredients and a mastery of taste.

 

 

 

I never try to marry more than three flavors in one dish. I like walking into a kitchen and knowing that the dishes are identifiable and the ingredients within them are easy to detect. My role as a chef is respecting the produce. Why should I change and mask the original flavors of the produce that I'm utilizing?"

 

So what does all of this food talk have to do with this week's trading column? Just about everything. Those of you who know me, know that I am an avid cook and that I find strong similarities between the experimentation and recipe production of cooking and the strategy creation and execution of trading. But this week's stories from the culinary world have really confirmed to me the need for simplicity in both cooking and trading.

 

Much like great chefs, great traders focus only on a few key variables and cut to the core of the trade. There is nothing more repulsive than a chart criss crossed with 10 or 12 indicators that is chock full of "fake" information. Just like fake food is comprised of many artificial ingredients that will kill you in the end fake trades are made up of numerous indicators that confuse rather elucidate. In life simple is always better. In cooking we let the pure ingredients bring out the flavor of the meal. In trading we let price guide our actions.

 

Forex Weekly Techs Where Are The Trades?  03.31-4.04.2014
Forex Weekly Techs Where Are The Trades? 03.31-4.04.2014

 

 

 

My Secret Link to lock in discount to BK Monthly   

 

 

 

 

    

Sincerely,
 

BSignature

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.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Kamis, 27 Maret 2014

Resend: Don't Miss this Offer - Only a Few Hours Left to Save 35%

Dear Forex brown

Have you ever wanted to try our Forex Trading Signal service?

Don't miss this special opportunity!
 
Only a few hours left to save 35% on a BKForex subscription.
 
Get 100 trade ideas per month, live daily webinars with Boris and Kathy and much more!

Find out why we made +150 pips on EUR/AUD and +40 pips on GBP/AUD in less than 24 hours. http://t.co/NpMzLzWJVa

 
Sincerely

Boris and Kathy

---------------------------------------------------------------------------------------------------------

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.

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Don't Miss this Offer - Only a Few Hours Left to Save 35%

DearForex brown

Have you ever wanted to try our Forex Trading Signal service?

Don't miss this special opportunity! Only a few hours left to save 35% on a BKForex subscription. Get 100 trade ideas per month, live daily webinars with Boris and Kathy and much more!

Find out why we made +150 pips on EUR/AUD and +40 pips on GBP/AUD in less than 24 hours. http://t.co/NpMzLzWJVa

Sincerely

Boris and Kathy

---------------------------------------------------------------------------------------------------------

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.

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Rabu, 26 Maret 2014

Why We Made Money with GBP/AUD and EUR/AUD Trades Today...



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Hi, we thought you might enjoy this inside look at our trading process...  





     

  
Sincerely,


BSignature

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.


This email was sent  by contact@bkforex.com |  

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

Jumat, 21 Maret 2014

Boris's Weekly Email - Hidden Leverage That Will Kill Every Day Trader

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Boris' Weekly Trading Newsletter
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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 
Hidden Leverage That Will Kill Every Day Trader  

 

The more I trade the more I am convinced that the vast majority of problems arise not from faulty strategy ideas but from poor money management behavior -- mainly because most traders confuse speculation with investment -- an often fatal mistake when it comes your capital.

 

  

 

 

 

 JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION 

 

 

 


 

Investment is essentially the art of buying assets. The simplest and surest way to make money as an investor is to simply diversify your portfolio and dollar cost average into your positions over a very long period of time (decades). Investing works because real assets tend to appreciate as economy grows and wealth becomes a simple function of compounding that economic growth.

 

 

Speculation on the other hand has nothing to do with investing. It is the art of trading sentiment and by its very nature is bidirectional in form. Speculation also tends to revolve around assets that are price bounded such as commodities and currencies. The simplest, sharpest way to understand the difference between speculation and investing is to consider the chart of the Dow versus the chart of the GBP/USD going back to 1980. Since that time the Dow has appreciated by a factor of 16 (from 1000 to 16,000). Meanwhile sterling has basically range traded from approximately 1.0000 to 2.0000. Unless we face and end of the world scenario currencies and commodities will always range trade and will therefore be instruments for trading sentiment rather than investable assets.

 

 

 

So once you understand that speculation is nothing more than riding the rollercoaster of sentiment on a leveraged basis you can appreciate why trading has nothing to do with investing. First and foremost speculation requires stops because it is a bidirectional game. Even if you don't use leverage, but find yourself on the wrong side of the carry trade and decide to hold on to your position for years, you will no doubt lose all your money through capital losses and interest payments. In investing its just opposite. You will collect dividends and bonds payments regardless of the underlying price.

 

So if you need stops to speculate that means you will inevitably incur losses and that means that money management is a much more important skill to master than trade entry.

 

This becomes even more crucial to remember when you daytrade. The more you trade the more losses you will incur. That means the only way to survive and prosper is to reduce your trade size in direct proportion to your frequency. So if you trade 10 times per day you should not risk more than 20 basis point per trade which generally means that you should be trading MAXIMUM 1 times leverage of your account per trade ( assuming you are using 20 pip stop. At 40 pip stop your max allowable leverage is .5 times you capital per trade)

The reason for such low numbers is because when you day trade, you are actually using 2 types of leverage -- the normal credit that you broker gives you (up to 100 to 200 times your capital in some jurisdictions) and the leverage of turnover that you generate through multiple trades. Suppose you have 10,000 in your account and you make 10 trades per day at 10,000 units each. You have just turned over 100,000 units of currency or 10 times your capital amount in one single day. Its this hidden leverage that most retail traders completely ignore -- and as with most hidden things in life -- it is the one thing that can kill you.

 

 

The video of the webinar with Superstar Hedge Fund Trader Turney Duff can be found here 

 

 

 


 

  

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Weekly Technicals


Forex Weekly Techs Where Are The Trades?  03.24-3.29.2014
Forex Weekly Techs Where Are The Trades? 03.24-3.29.2014


Become a Member of BKForex.com
BKTMedia
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,
 

BSignature

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.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280

Jumat, 14 Maret 2014

Boris's Weekly Email - In Trading Winning Means Nothing - Part 2

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BK Forex Trading Signals
BK Club Forex Trading Education
Boris' Weekly Trading Newsletter
Bheadhot
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 
In Trading Winning Means Nothing - Part 2 

 

How does the statement go? Fool me once shame on you, fool me twice shame on me. That idiom was written for trading. In no other discipline in life are we fooled more often than the market which can lay the best designed plans to waste in a matter of minutes. Which is why in trading guarding against loss is much more important that planning for gain.

 

  

 

 

 

 JOIN TODAY! EVERY SUBSCRIPTION TO BKFOREX INCLUDES TRADING SIGNALS & TRADING EDUCATION 

 

 

 


 

This week was just another in a long series of examples of markets flipping sides faster than a Chicago politician. We started out the morning with EUR/USD making fresh three year highs and ended the day with the currency at session lows. Every trade that looked great in morning was looking miserable by close of New York markets.

 

 

If you were long risk you were wrong and the simplest, easiest wisest thing to do was to cut your losses and stop out. Unfortunately for traders a stop is never easy and never simple. We hate the finality of losing money so we do everything in our power to avoid the loss. One of the most common delay tactics that I hear over and over again is " I keep a mental stop." To which my response is always -'Really? Do you keep a mental FX account as well?" While your stop may be mental and exists only in the reality of your mind your money is very real and it will not be protected with a "mental" stop.

 

 

 

 If having a stop is near impossible then you need to do the next best thing. You need to trade small. How small? Cash on cash or less. (That means if you have 10,000 in your account each trade must not be larger than 1 mini lot). Unfortunately in FX where 100 to 1 leverage is common, such positioning seems laughably small. But its no laughing matter. Currencies rarely move more than 10% in one direction. At cash on cash you can survive a very bad trade and still remain in the game. At even a "modest" lever factor of 10:1 you are totally wiped out.

 

 Trading small covers up a lot of sins and allows you the luxury of time to adjust your trades, but few traders in FX even consider this tactic.

 

 

Next week I'll discuss how small size and trade adjustment could help you turn losers into winners -- UP TO A POINT. Stay tuned.

 

 

The video of the webinar with Superstar Hedge Fund Trader Turney Duff can be found here 

 

 

 


 

  

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Where Are the Trades  Next Week? FX Weekly  3.17-22.2014
Where Are the Trades Next Week? FX Weekly 3.17-22.2014
Weekly Technicals




Become a Member of BKForex.com
BKTMedia
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,
 

BSignature

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.

 

This email was sent to forexhudi.euro@blogger.com by contact@bkforex.com |  
BKForex Advisor | The Desks of Boris Schlossberg and Kathy Lien | NY | NY | 10280