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 retreats toward 1.0850 on modest USD recovery
EUR/USD stays under modest bearish pressure and trades in negative territory at around 1.0850 after closing modestly lower on Thursday. In the absence of macroeconomic data releases, investors will continue to pay close attention to comments from Federal Reserve officials.
GBP/USD holds above 1.2650 following earlier decline
GBP/USD edges higher after falling to a daily low below 1.2650 in the European session on Friday. The US Dollar holds its ground following the selloff seen after April inflation data and makes it difficult for the pair to extend its rebound. Fed policymakers are scheduled to speak later in the day.
Gold climbs to multi-week highs above $2,400
Gold gathered bullish momentum and touched its highest level in nearly a month above $2,400. Although the benchmark 10-year US yield holds steady at around 4.4%, the cautious market stance supports XAU/USD heading into the weekend.
Chainlink social dominance hits six-month peak as LINK extends gains
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Chainlink (LINK) social dominance increased sharply on Friday, exceeding levels seen in the past six months, along with the token’s price rally that started on Wednesday.
Week ahead: Flash PMIs, UK and Japan CPIs in focus – RBNZ to hold rates
After cool US CPI, attention shifts to UK and Japanese inflation. Flash PMIs will be watched too amid signs of a rebound in Europe. Fed to stay in the spotlight as plethora of speakers, minutes on tap.