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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 our 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:
• Smartphone 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)
BK NEWS TRADES
Everyone knows that Economic Data and News can have a significant impact on Currencies, but many new and experienced traders have tried to Trade News and Failed.
Very few retail traders can effectively take advantage of these opportunities because the movements after key news releases such as Non-Farm Payrolls and the ECB rate decisions happen too quickly.
2 PROPRIETARY NEWS TRADING MODELS
At BK we love to trade news and have developed 2 PROPRIETARY MODELS to:
#1 Handicap Economic Data Surprises
#2 Trade News Reactively
HOW WE WILL TEACH YOU TO TRADE NEWS
Learn from the Pros
As a member of BKForex, we will teach you how to be an effective News Trader 3 different ways:
#1 BATTLE PLAN FOR TRADING NEWS (WEEKLY)
At the beginning of EVERY WEEK, we send out a spreadsheet outlining our Monday to Friday Battle Plan for Trading News. We go through the entire economic calendar, pick out only the events that we think will have a significant impact on the currency, share our expectations for the data, identify the trading opportunity and provide a rationale for our bias. Through the years, we have spent thousands of man-hours developing a system to predict economic surprises and we share these predictions with our BKForex members every week in an easy to understand format. In addition, we include 8 to 12 soft recommendations per week with the best potential trading opportunity.
#2 LIVE TRADING EVERY WEEK
There’s nothing like putting your money where your mouth is! 4 times a month, we will also LIVE TRADE major economic releases with our members. Every month we trade Non-Farm Payrolls, the European Central Bank rate decision and other important events. This is a great opportunity to see how we put our analysis into action and how our proprietary strategies work in real trading environments. Our hour-long sessions start with an analysis of why the data is important, what we expect, a walkthrough of how we will be trading the event risk and an explanation of the outcome.
#3 FOREX NEWS TRADING SIGNALS
The key to trading news effectively is being selective. Through countless hours of testing, refining and improving, we developed a unique approach to trading news that has a 90% accuracy for trading NFPs and ECB. *Past performance is not indicative of future results. 7 to 10 times a month we will send you specific trading signals for what we consider to be some the most important economic news events. In our Daily Trading Plan, we will tell you which data we plan to trade and when. The signals will then be sent over email, as a push notification through our smartphone App, posted on our BKForex Dashboard and our Private Twitter feed. As always, they will include specific entry, exits and stops.
Here is an example of what the News trading signals will look like. They will be sent in the same email as the Daily Breakout Trades.
Daily Trading Plan
1) AUD/USD Employment
9:30pm ET / 1:30 GMT release –> Orders will be sent at 9:45pm ET / 1:45am GMT
If not triggered cancel orders by 1:30am ET/5:30 GMT
2) German IFO
4am ET / 8 GMT –> Orders will be sent 4:15am ET / 8:15 GMT
If not triggered cancel orders by 6:00am ET/8:00 GMT
All of our Trading Signals are posted on our BKForex Dashboard – your one stop for Trading Signals and Education (Click Image to Enlarge)
In the Dashboard, you will find our:
1. BK News Trades
2. BK Swing Trades
3. 4 Minute Market Videos for NY and Asian Open
4. Hot Chart of the Day
5. Recordings of our Daily Live Webinars
6. High Probability Trading eBook
7. Exclusive Library of Trading Strategy Videos
What does every forex trader want?
At BK we believe that EVERY TRADER wants to LEARN to TRADE BETTER.
That is why in addition to Trading Signals, we provide a VERY special type of Trading Education. At BKForex, we provide Market Centric Education — We conduct live sessions, teach you trading strategies and provide you with crisp, clear, actionable time tested information that can help you become a better trader.
As global currency strategists and professional traders Boris Schlossberg and Kathy Lien have a unique perspective on the currency market honed by more than thirty years of experience on Wall Street. We’ve traded currencies on the interbank desks of some of the largest banks in the world as well as equities, options and futures on all the electronic exchanges, so we know just how tough the markets can be and we want to help you become the best trader possible by providing with a unique set of tools.
BKForex provides world class forex education for the retail trader. Here are just some of the benefits that you can expect to receive as a member of BKForex:
Institutional Quality Service for the Retail Trader
For years large banks have employed sales traders to act as eyes and ears for their best customers and help educate them to the best opportunities in the market. At BKForex we aim to extend this type of institutional service to the retail trader and continue the tradition of valuable and timely education. We know that you lead active, busy lives and do not want to spend years in the wasteful cycle of trial and error trading. You need someone who can cut through the clutter and provide you with crisp, clear, actionable time tested information that can help you become a better trader.
In addition to Trading Signals, here is what you can expect from BKForex
Live Daily Morning Call with Boris and Kathy
Every day we’ll spend an hour with you in our virtual trading room, discussing events of the day, exchanging trading charts, working on our strategies and improving our trading techniques.
Exclusive 4 Minute Video Previews for NY and Asian Open
Just waking up and want a quick overview of what to expect for the NY and Asian sessions? Our exclusive short 4-minute video previews for all of our members who want to be properly prepared for the new trading day:
Hot Chart of the Day
Every day, we share our most interesting long-term ideas that combine our views on macro with our technical reading of the price action
Trading can be a lonely business and having the support of an understanding group of fellow enthusiasts can mean the difference between winning and losing. Not only will we work on improving individual trading setups, but as BKForex members we will work on trade discipline skills that are critical to long term trading results.
Battle Tested Strategies
As a member of BKForex you will also have access to the private videos of our best short term trading strategies – strategies that we use ourselves in our day to day approach to the market. Using easy step by step visual clues to help you understand the indicators, settings and price structure that we look for, in order to make effective high-probability trades on a regular basis.
Our BKForex Dashboard — the one stop place for Trading Signals and Education. (Click Image to Enlarge)
At BK we are traders first, analysts second. We put our money where our mouth is and trade every single recommendation with our own capital. So if you want a professional approach to trading the currency market, come trade with us where we make every single trade count and have every trading angle covered.