O. Money and Risk Management

Nicholas · December 12, 2020

Amongst the four pillars of a successful trading career is: Money and/or Risk Management( the other three; Trading Strategy, Trading Plan, and Trading Psychology). Understanding and managing risk is paramount to achieving long-term success. This course will equip you with the essential strategies and tools needed to safeguard your capital, optimize your trading decisions, and navigate the forex market with confidence.

Risk management is not just about protecting your investment; it’s about creating a disciplined approach to trading that mitigates losses and maximizes potential gains. From comprehending the intricacies of leverage to mastering the art of position sizing, this course will provide you with a comprehensive understanding of how to manage risk effectively in the forex market.

By the end of this course, you will have a robust risk management plan tailored to your trading style and risk tolerance. You will also learn how to use various risk management tools and techniques to ensure you stay on track toward your financial goals.

Course Goals:

  • Understand the fundamental principles of risk management in forex trading.
  • Learn how to calculate and apply appropriate position sizes.
  • Master the use of leverage without exposing yourself to undue risk.
  • Implement the 2% rule to manage your trades effectively.
  • Determine the right type of trading account based on your capital and trading goals.
  • Develop a personalized risk management plan to guide your trading activities.

Who this course is for:

  • Beginners looking to build a strong foundation in risk management.
  • Traders who want to learn how to protect their capital and maximize profitability.
  • Intermediate traders seeking to enhance their existing risk management strategies.
  • Experienced traders wanting to refine their approach to capital allocation and leverage.
  • Investors interested in understanding the principles of risk management applicable to forex trading.

About Instructor

Nicholas

17 Courses

Not Enrolled

Course Includes

  • 8 Lessons