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For those of you who are not familiar with us — we are Kathy Lien and Boris Schlossberg, currency experts who appear regularly on CNBC and offer daily views on the forex market for the global financial press. We are known in the forex community as Traders First Analysts Second because unlike market commentators who simply offer up their opinions, we risk our own capital in the market every single day.
We follow forex like a hawk 18 hours a day and understand the day to day frustration and the exhilaration of day trading the world’s biggest financial market. Collectively, we have over 30 years of experience in trading everything from stocks to options to futures and FX.
Why Are We Different?
Although some analysts focus strictly on fundamentals while others only look at the charts, we believe that in order properly trade the forex market you need a fully informed 360 degree view of the action. At BKForex our edge is combining Fundamentals with Technicals and Sentiment to select the highest probability trading opportunities for you. We specialize in Positional Trades — Shorter Term Swing Trades that can last between 1-2 days that take advantage of the key stories and the major trends in the currency market.
How Can We Help You Succeed?
Trading currencies is hard and let’s face it -- you don’t have the time to follow every squiggle in price, every news release or every comment that can affect your trade. That’s why we developed an easy to use, highly refined approach to trading the forex market that allows you to participate in the major currency moves without being overwhelmed by the thousand little details of trading.
By acting as your eyes and ears on the market we help you select the most promising trading ideas.. But that’s not all. We’ve developed a system that allows you to preset your trades and then once they trigger, to comfortably manage them at your leisure.
The BK System – Positioning You For Trades BEFORE They Happen
At BKForex we are always looking to improve our signal service for the Retail Trader and after 5 years and more than 4000+ pips of profit we have now refined our operation to make it even easier to execute our ideas.
All of our trade recommendations come with a well-researched Trading Plan which includes:
• Our reasons for the trade
• The currency pair that we will be trading
• Specific entries, exits and stops which are sent out via iPhone/Android APP, email and are posted on our private Trade Dashboard.
BK Trades – The Easy Way to Trade Trend
All of our trade recommendations are sent as entry orders. This means that we are always trading away from the current market price (we try to sell below or buy above the present market conditions). This not only allows us to position ourselves in the direction of where the prices are moving, but also provides you with ample time to place your orders and go about your regular daily life, instead of being chained to the screen.
Let’s take a look at an example of BK SWING Trade in action
GBP/AUD – February 3rd, 2014
Place Order to Sell GBP/AUD at 1.8482
Stop at 1.8582
Close half at 1.8432, move stop to break-even
Close rest 1.8382
Ahead of the RBA meeting we position ourselves for possible trade in the Australian dollar complex. We write,
“The Australian dollar is in play tonight with the Reserve Bank of Australia’s monetary policy decision. While the RBA is not expected to alter interest rates, the recent deterioration in economic data could make the central bank more worried about the economic outlook. If the RBA signals that they have grown more willing to ease, the AUD could give up its gains and make a run for fresh lows. However AUD would have an even bigger response if the RBA had a nonchalant attitude about recent data because the massive amount of short positions puts the currency at risk a more significant short squeeze. This is the reason why we have 3 separate orders for the Australian dollar. Please remember that we only allow for 2 live trades at any time that have not hit T1.”
Our signals go out more than 8 hours before the event, allowing our subscribers plenty of time to put the orders on their trading accounts.
Later that night the GBP/AUD trade is triggered and we update by:
• iPhone/Android APP
As the trade proceeds we update the progress through all the channels. Here is how it looks on our private Twitter feed.
And then we summarize all the action on our private BK Trader Dashboard
Here is how the trade worked out on the charts
What Makes BK Trades So Effective?
Trading the forex market is hard, but trading with BK Signal service is easy. We take the guess work out of the process by combining Fundamentals, Technicals and Sentiment to select only the best possible trade ideas for you.
But that’s not all.
We know that you are busy and cannot be expected to react to the market on a minute by minute basis. That’s why every BK Trade recommendation provides you with plenty of time to enter your orders and then manage them once they are trigged in the market.
Lastly with our battle tested two target profit taking strategy we ensure that we capture big pip movements when the market provides us the opportunity to do so. With BK SWING Trades we target a smaller initial profit (usually 50 pips) and if hit, we move the stop on the rest of the position to breakeven, allowing us to participate in the rest of the move risk free. Then we target second half of our trade for +100 pip take profit and if hit we are able to capture 150 pips on our BK SWING trade.
By using thorough research, proper market entry techniques and battle tested money management strategies BK SWING trades give you the edge to succeed as a retail forex trader.
We invite you to subscribe and get access to all of our BK Services at one low price
Our BKForex Dashboard — the one stop place for Trading Signals and Education. (Click Image to Enlarge)