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Protect Your Capital –Don't go broke with good Money Management
Trade safer and more stable with a sensible money management. This is the key to success.
Created by Tradimo.
About this course
Money management is the most important skill every trader needs to learn. When trading the markets, there are only a few number of things you, as a trader, have full control over. One of these is the amount you risk on your trades. Learning why it is important to control risk is and implementing rigourous capital protection rules is the first step towards trading success.
But the purpose of money management is not only to protect your trading account, but also to help you maximze your potential gain by learning how to calculate optimal trade size and mastering advanced psoition management techniques.
In this course, you will learn:
why it is important to control your risk and what a stop loss order is
how much money you need to start trading online
what are the costs of trading online
how does leverage work in forex trading
how to set stop loss and take profit orders
how to scale in and out of trades to minimize losses and maximze profits
Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice.