Kathy Lien on Her Approach to Forex Trading

Join the discussion on InformedTrades: http://www.informedtrades.com/551786-kathy-lien-her-view-forex-market-her-approach-trading.html#post608362 Subscribe to Kathy's trading room for signals and coaching: http://www.bkforex.com Follow Kathy on Twitter: http://www.twitter.com/kathylienfx Kathy's books on trading: http://www.amazon.com/Kathy-Lien/e/B001JSJPP8/?_encoding=UTF8&camp=1789&creative=390957&linkCode=ur2&tag=actoguitar-20 Key points from the video: + Kathy got her start in forex trading in 1999. She started at JP Morgan in a rotational program that gave her introduction to many markets, which is how she realized currencies is something she wanted to focus on. + Kathy identifies herself as both an intraday trader and a swing trader. She is in and out of positions in the same day for many of her trades; for some of her swing trades she will hold positions for a few days, but rarely more than 5. + Kathy focuses less on risk/reward and more on identifying high probability trades. + She always places a stop and a limit. + She trades EURUSD the most for her intraday trading, but uses other cross pairs for her swing trades. + She develops a fundamental view, based on how she sees things shaping up over the next week or 2 months, then looks for technical signs that give her the okay to enter. + She is a breakout trader, looking to follow momentum. + She believes news events can serve as the catalyst that validate her fundamental viewpoint, and thus will place trades in anticipation of market reactions to news events that validate her thesis. + She pays close attention to data from China, as it can have a big impact on currency markets. She does not believe China is in for a hard landing. + Kathy views open-ended QE in a positive light, believing it is helping to fortify financial markets and avoid a crash. Practice trading with a free forex demo trading account: http://bit.ly/IT-forex-demo3

Comments

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3. Two professional Traders with shitty cameras, yeah that reflects their Trading capabilities well.
4. This video just received it's 29th dislike I'm sick of these Traders using the media to sell products. I've been following her for years and she's just another individual looking to sell things to us. Plain and simply put! I've already spent over $900 dollars in books and dvd's courses and they all teach the same shit, nothings different where's that one Trader who teaches something totally out of this world and different from these Market experts selling Trading books and Products! sick of this shit.
5. She loves to dodge questions.
   Its good to see this video a few years after.
   She always gets it wrong even today.
   Lets see
   The pound collapsed
   The aussie collapsed
   the kiwi collapled
   the EUR collapsed
   gold collapsed
   the list can go on and the only economy atm is the US
6. id fuk her
7. Too blurry,up the resolution .
8. I love this woman! why do you look so sweaty though bro lmao
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13. Kathy is an excellent trader. I really liked her books, too. She's an excellent technician.
    
    One of the things I like about Kathy and Boris is they post ALL their trades on their website. I'm not a subscriber to their website, but I have checked it out, and their subscription rates are very reasonable.
    
    I would recommend her books to any new trader. I think you can find the PDF online if you want to check her books out before purchasing them for your library.
14. I want an asian chic :D
15. The Pip does refer to the smallest changes in a price quote.
    
    Example: It can have 4 decimal places or 5 decimal places to right of the decimal point of an whole number. Like $1.3796, the 1 would be the whole number.
    If there is a fifth decimal place like this : 1.37961, it simple means it is ten times lesser than the digit before it, so that would make it 1/100,000th. This Pip would be 1 tenth of 1 Pip. If it is change to 1.37965, the 5 becomes half of 1 Pip.(half a Pip)
    10,000 pips is equal to 100% of one whole of 1 dollar.
    If i have one dollar trading and i earn a UN-realized profit of 10%,
    then my pips earned on that dollar is 1000 Pips.
    So my total gain would be $1.10
    If 1 Euro is selling for us$1.3796, then the 6 at the end of the quote
    would be in the 1/10,000th position, it would be that you replace
    the 1/10,000th with 6/10,000th and so on, the 9 would be 9/1,000th,
    the 7 would be 7/100th and the 3 would be 3/10th, and the final
    figure on the quote would be the 1. that would be 1 whole as 1 dollar, which would equal to 100%.
    You can tell how much or less profit percentage you earn by converting the pips to a percent.
16. The way to conquer Forex is understanding Pips Calculations to a Percent.
    10,000 Pips is equal to 100% or 1 whole of a dollar.
    1,000 Pips is equal to 10% or 0.10 cents of a dollar.
    100 Pips is equal to 1% or 0.01 cent of a dollar.
    10 Pips is equal to 0.1% or 0.001 cent of a dollar.
    1 Pip is equal to 0.01% or 0.0001 cent of a dollar.
17. She's so hot!
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19. Well 'in terms' of this interview this host gets annoying as hell. Do us all a favor and please ask yourself how and why are you so indecisive when speaking.
20. Good video appreciate the effort. Thnx for the upload.