Archive for Boris Schlossberg

The Snow Storm That Wasn’t

Last Tuesday night New York city simply shut down and became like the movie “I am Legend”. At around 2:30 in the morning that day when I shuffled downstairs to get my coffee from the lone 24 hour a day bakery open on my block, Broadway was literally barren. No cars. No people. The cause [...]

Forget EUR/CHF – Here is How Everyone Really Loses Money in FX

One week after “Black Thursday”, the EUR/CHF debacle of course invites a huge amount of Monday morning quarterbacking with many experts only too happy to tell you what you should have done AFTER the fact. Still a few common sense ideas like having at least two or ideally three separate brokerage accounts, keeping your deposits [...]

The Trend is not Your Friend

So there is so much to talk about this week. I could talk about how the SNB nearly destroyed the FX retail business in a matter of 24 hours. I can talk about how much fun I had in VT trading chat room where we banked so many pips that I stopped counting by end [...]

The Single Most Important Thing to Improve Your Day Trading

Most of us wannabe George Soroses like to toil under the illusion that we are “macro traders” who will hold positions for weeks or months in search of the billion dollar profit. But let’s face it 95% of us are day traders. Certainly most of you reading my column are day trading for 10 pips [...]

The Best of Boris in 2014

Predicting the future is a tough business, which is why trading is much more a function of trade management rather than proper analysis. Once you begin to appreciate that fact, being right becomes a lot less important while being not wrong becomes crucial to your success. Why Analysis Provides Little Value in Trading MAY 30TH, [...]

Boris’s Formula For Trading Success

Some of you may be familiar with the Kelly criterion which is a formula used to calculate an optimal bet size allowing gamblers and traders to maximize their winnings. The proof for the concept can be complicated, especially if you are mathematically challenged like me, but the net takeaway of the Kelly formula is that [...]

A Guaranteed Way To Control Stupid Trades

This is going to one of my shortest, but probably most important trading column ever. In all my years on Wall Street I have never, ever used this word before, but today I will. I can guarantee you a way to avoid every stupid, impulsive, account wrecking trade you have ever made from this point [...]

Trade Poisoning

Those of you who are regular readers of my column know that there are really only two things in the world that I like to do — trade and cook. So on this holiday week when many of us preparing wonderful feasts, I had an interesting epiphany that ties both activities together. Since I cook [...]

How Do You Know When the Trade is Wrong?

There is no business more binary than trading. Each trade is effectively a twofold choice — continuation or reversal? All your trades depend on how well you answer that question. Everything is commentary. Similarly when it comes to trade management the choice is binary as well. You are either right or wrong. Being right is [...]

Retreat is not Surrender

Trading is and always will be a game of controlling losses. The trader who has never had a loss, who brags that he has 100 winning trades in a row is simply a bankruptcy waiting to happen. Not only will he lose all of his profits, but most likely all of his capital as well. [...]

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The Snow Storm That Wasn’t

January 30, 2015 • by: Boris Schlossberg

Forget EUR/CHF – Here is How Everyone Really Loses Money in FX

January 23, 2015 • by: Boris Schlossberg

see all posts by Boris Schlossberg
EUR/CHF Drops Below 1.21 – First Since Jan 2012

August 15, 2014 • by: Kathy Lien

EUR/CHF Drops Below 1.21 – First Since Jan 2012

August 15, 2014 • by: Kathy Lien

see all posts by Kathy Lien

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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