1. Learn to Trade Different
Market Environments
Webinar + Seminar
Series
Kathy Lien and Boris Schlossberg
www.bkforex.com
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

2. 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.
The information, including Commentary and Trade Ideas, provided on bkforex.com should not be relied upon as a substitute
for extensive independent research which should be performed before making your investment decisions. BKForex LLC and
bkforex.com are merely providing this information for your general information. The information and opinions presented do not
take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain
advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of
their trading to their personal risk appetite.
BKForex LLC will not be responsible for any losses incurred on investments made by readers and clients as a result of any
information contained on BKForex LLC. BKForex LLC do not render investment, legal, accounting, tax, or other professional
advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be
sought.
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

3. Five Webinars: 23 May - 20 June 2013
Five Weeks. Online.
- AND One Seminar: 27 July 2013
Live in Singapore.
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
B

4. May 23 8pm-9pm Learn How to Identify and Trade 5
Market Conditions
May 30 8pm-9pm How to Trade Trends
June 6 8pm-9pm How to Pick Tops and Bottoms
June 13 8pm-9pm Benefits of Breakout Trading
June 20 8pm-9pm Multi-market Trading Analysis
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
B

5. One Seminar: 27 July 2013
8:30 – 1:30pm
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
B

6. What Type of Market Are
You In?
Kathy Lien and Boris Schlossberg
www.bkforex.com
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

7. All Markets Have Variety
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
K
doubts.

8. To Trade Effectively You Need to
Know What Market You Are In
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

9. As Trader You Need To Identify the
5 Main Market Conditions
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

10. 1.
2.
3.
4.
5.
Range
Trend
Breakout/Momentum
Reversal
Volatility
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

11. RANGE
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

12. RANGE
1.
2.
3.
Most Common Trading Environment
70% of All Price Action Happens in Range
Can Last a Long Time
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

13. Two Year RANGE 86.00-76.00
USD/JPY 2011-2012
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

14. Two Year RANGE 1.1150-1.0550
AUD/NZD 2004-2006
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

15. Five Month RANGE 1.20-1.2150
EUR/CHF 09/12-02/13
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

16. RANGE is Characterized by
Exhaustion/Reversal Near High/Lows
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

17. RANGE is Characterized by
Compression of Moving Averages
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

18. RANGE is Characterized by
ADX Value of Less Than 40
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

19. The Key To Trading
RANGE
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

20. 1. Fade Highs and Lows
2. Add to Your Positions Up To
Range Limits
3. Wider Stops, Smaller Limits
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
K

21. The Greatest Risk:
Breakout
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
K

22. Good Rule:
½ Range = Real Breakout
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
K

23. TREND
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

24. TREND
1.
2.
3.
Rare but Most Popular Trading
Environment
Price Action Only Trends 30% of the Time
Once it Starts Can Continue Way Beyond
Reason
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

25. Three Year TREND 1.60-1.05
EUR/CHF 2008-2011
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

26. Five Year TREND 125.00-75.00
USD/JPY 2007-2012
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

27. 3 Year TREND 80.00-125.00
CAD/JPY 2004-2007
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

28. TREND is Characterized by
By Higher LOWS in Uptrend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

29. TREND is Characterized by
By Lower Highs in Downtrend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

30. TREND is Characterized by
Expansion of Moving Averages
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

31. TREND Through Bollinger Band “Bands”
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

32. BREAKOUT
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

33. BREAKOUT
1.
2.
3.
Triggered Off Event Risk or
Price Level
Can Lead to Trend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

34. BREAKOUT on Event Risk
Shinzo Abe Elected PM of Japan
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

35. BREAKOUT on Price Level
USD/JPY Takes out 100.00
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

36. BREAKOUT Leads to Trend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

37. BREAKOUT
1.
2.
3.
Work Off Key Reference Points
Swing High/Lows
Daily, Weekly, Month High Lows
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

38. BREAKOUT Off Daily Lows
GBP/USD 1.5600
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

39. BREAKOUT Off Weekly
Highs and Lows EUR/USD
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

40. REVERSAL
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

41. REVERSAL
1.
2.
3.
Triggered Off Price Exhaustion or
Sentiment Change
Best Traded in Direction of Trend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

42. REVERSAL on Price Exhaustion EUR/USD
1.2950-1.3250 Range
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

43. REVERSAL Event Risk
Rajoy Scandal/Italian Election
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

44. REVERSAL Works Best in Direction of
Trend
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

45. VOLATILITY
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

46. VOLATILITY
1.
2.
3.
Don’t Confuse with Breakout!
Means Big Moves BOTH Ways
Can Be Very Dangerous to Trade
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

47. VOLATILITY High Volatility Environment
EUR/USD 2009
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

48. VOLATILITY Low Volatility Environment
EUR/USD 2009-10
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

49. The Key To Trading
VOLATILTY
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

50. 1. Use ATR To Determine Vol.
2. In High Vol. EXPAND
Stops/Limits
3. In Low Vol. CONTRACT
Stops/Limits
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
K

51. Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

52. 1.
2.
3.
4.
5.
You Can Scale Buy/Sell in RANGE
TREND is Determined by Lows in Uptrend, Highs
in Downtrend
BREAKOUT Can be News or Price Based
REVERSAL is Best Traded in Direction of Trend
Expand/Contract Your Stops/Limits with
VOLATILITY
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.
K

53. Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.

54. 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.
The information, including Commentary and Trade Ideas, provided on bkforex.com should not be relied upon as a substitute
for extensive independent research which should be performed before making your investment decisions. BKForex LLC and
bkforex.com are merely providing this information for your general information. The information and opinions presented do not
take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain
advice based on their unique situation before making any investment decision and should tailor the trade size and leverage of
their trading to their personal risk appetite.
BKForex LLC will not be responsible for any losses incurred on investments made by readers and clients as a result of any
information contained on BKForex LLC. BKForex LLC do not render investment, legal, accounting, tax, or other professional
advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be
sought.
Trading foreign exchange on margin 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 foreign exchange 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 foreign exchange trading, and seek advice from an independent financial advisor if you have any
doubts.