Boris Schlossberg
BK Asset Management
Summary
Traditional risk control techniques do not work well in a day trading environment when markets tend to be either choppy or wildly trending. Learn why the standard 2:1 ratios tend to fail and why greed is the greatest enemy of the day trader. See what approaches work best on shorter term time frames and learn how to avoid the common "myths" of daytrading the forex market. Above all else, proper money management of day trading capital requires realistic expectations of return. Join BK Forex co-founder Boris Schlossberg as he takes you through his daily trading plan and shares with you the insights learned in more than two decades of trading speculative markets. Other webinars of our "One Day, One Topic" on Money Management on November 19th: - Dan Blystone: 12 GMT / 7 am EST: How to Handle your Capital - Steve Ruffley: 14 GMT / 9 am EST: Setting goals and risk reward ratios - Dirk Du Toît: 15 GMT / 10 am EST: Why your money management sucks and what to do about it! - Dale Pinkert: 18 GMT / 1pm EST: Position Sizing for Market NoiseLatest Live Videos
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.