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
AUD/USD dips below 0.6600 following RBA’s decision
The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the RBA's monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. As Wednesday's Asian session began, the AUD/USD trades near 0.6591.
EUR/USD lacks momentum, churns near 1.0750
EUR/USD cycled familiar levels again on Tuesday, testing the waters near 1.0750 as broader markets look for signals to push in either direction. Risk appetite was crimped on Tuesday after Fedspeak from key US Federal Reserve officials threw caution on hopes for approaching rate cuts from the Fed.
Gold wanes as US Dollar soars, unfazed by lower US yields
Gold price slipped during the North American session, dropping around 0.4% amid a strong US Dollar and falling US Treasury bond yields. A scarce economic docket in the United States would keep investors focused on Federal Reserve officials during the week after last Friday’s US employment report.
Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains
Solana network has been sensational since the fourth quarter (Q4) of 2023, making headlines with a series of successful meme coin launches that outperformed their peers.
Living vicariously through rate cut expectations
U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year.