Archive for Boris Schlossberg
Forex Trading Tips: Better Never Than Late
Better Never Than Late
“All dogs are born with some degree of chasing instinct. Dogs will chase, we all know this; however, there are many reasons why dogs may give chase. The two common and closely related ones are often referred to as Play and Prey drives.”
From Basic Chase Instinct in Dogs by Karen Peak.
As 21st [...]
Forex Trading Tips: Excuses, Excuses
Excuses, Excuses
Last week when I was in the UK, I saw a BBC1 documentary that literally made my eyes pop out. The subject of the show was foreign immigration. Apparently, UK is one of the few EU countries (along with Sweden) that allows complete freedom of access to its labor markets and as [...]
Forex Trading Tips - Forget Everything I Said
Forget Everything I Said
Last Thursday I put out an article entitled “EUR/USD at 1.3500 – Just a Matter of Time?” It was written before the Fed Funds rate hike announcement so it was far from a foregone conclusion. The article spurred a flurry of responses with some readers agreeing with me and but most [...]
Forex Trading Tips: Trading Culture
Trading Culture
In the latest issue of the New Yorker, Malcolm Gladwell writes about drinking challenging the commonly held belief that frequent consumption of large quantities of alcohol will inevitably lead to addiction and alcoholism related diseases. Gladwell provides two very disparate examples that shatter the consumption-to-alcoholism myth. In one he shows how the [...]
Forex Trading Tips: A Trade Is Not Your Spouse!
A Trade Is Not Your Spouse!
“Do you take this woman to be your lawfully wedded wife, to love and cherish? In sickness and in health? For better or for worse? Until death do you part?” How many times have all of us heard those words? We all know them by heart and can repeat them [...]
Forex Trading Tips: Football and Trading
Football and Trading
(For all our clients outside of North American my apologies in advance for using such an American football laden metaphor in this week’s piece. But this is Super Bowl week in US and I couldn’t resist. Don’t worry if have trouble understanding the references focus on the main point that [...]
Forex Trading Tips: A Trade Not A Gamble
A Trade Not A Gamble
“Why are you not taking this trade?” one of the subs asked me in our live trading session on Friday. I had just pointed out a possible setup but held back from pulling the trigger because the risk factor was too high.
“Because I am looking [...]
Forex Trading Tips: Sure Thing
Sure Thing
Does success in business require you to take outsized risk? Do you need to max out your credit cards, leverage your house and put your whole life in the hands of fate in order to achieve your dream? That’s been the mythology built around American entrepreneurship, but in this week’ [...]
Forex Trading Tips: Controlling Lady Luck
Controlling Lady Luck
Let’ s face it this past Thursday’s EUR/JPY long was the luckiest trade in the world. Not only were we wrong on the European data which printed much worse than anyone imagined but the market that night was very jittery after the news that Mitsubishi was suspending work on the Dubai [...]
Forex Trading Tips: The Trading Key to Wii
The Trading Key to Wii
One of the best aspects of having kids come stay with me over the Christmas break is that I get to play endless rounds of WII tennis with my son. My sparse living room ( which every woman in my life complains has all the comfort and charm of [...]
