What’s the fuzz about the Petrodollar?
Did Saudi Arabia Allow the Petrodollar Deal with the U.S. to “Expire” Earlier This Month? As the saying goes, it’s complicated. If you’re unfamiliar with the Petrodollar Deal, here’s some background. This agreement was made in June 1974 during the Nixon administration by Treasury Secretary William Simon and his Deputy Gerry Parsky. The deal had […]
Avoid the Payment Police
Welcome to BluSky and don’t bother with the Payment Police! We’ve noticed a significant number of traders who are accustomed to the rules set by other Prop-firms. To assist you and highlight how BluSky differs, we’ve gathered a series of questions we’ve been receiving from you and turned it into a chat with our support. […]
Risk Management Chapter 3
The Martingale Strategy A Risk-Seeking Approach The Martingale System is a methodology used to increase the odds of recovering from a losing streak. Introduced in the 18th century by French mathematician Paul Pierre Levy, it has its roots in gambling. The core idea behind the Martingale system is this: Statistically, you cannot lose all the […]
Risk Management Chapter 2
We started this series of articles last week and it is going to take us on a trader’s journey to learn how to manage risk and how to become a profitable trader. Position sizing continued… Fixed $$$ Amount This stop loss strategy is very similar to the one discussed last week. However, it is better […]
Risk Management Chapter 4
The Kelly Criterion Let’s explore the Kelly Criterion and how it applies to managing risk while trading. The Kelly Criterion is a powerful tool that can help traders determine the optimal size of their positions based on considerations of risk and return. Maximizing Returns with Risk Management What Is the Kelly Criterion? The Kelly Criterion […]
The Mental Game of Trading
A view on how your psychology can interfere with you trading performance. We Trade to Trade Well The psychology of trading is a complex and multifaceted area of study that delves into the mental and emotional aspects of making financial decisions in markets. This Wednesday, BluSky had Jared Tendler on the YouTube channel talking about […]
Switch to Futures from Forex
…and take advantage of the futures markets to trade your favorite currency pairs… Why Futures trading is better than Forex trading! Centralized and Regulated Exchange All transactions in futures trading are conducted through a centralized exchange. This provides equal access to price information for all market participants. This is in contrast to foreign exchange, which […]
Risk Management Chapter 1
This is a series of articles which will take us on a trader’s journey to learn how to manage risk and become a profitable trader. Preface In the world of trading, the road to success is often paved with many unexpected twists and turns along the way. Many embark on it hoping to gain financial […]