Protect Your Capital –Don't go broke with good Money Management
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
The Basics of Money Management
Money Management to Enhance Your Performance
We believe in a world where people manage their own money. That’s why we have been building one of the largest online learning platforms for you to learn from the best traders, investors and personal finance gurus out there. Learning to trade, invest and manage your money is a serious task, at the same time it’s fun and much easier when someone shares their knowledge with you and brings you to a level where you can make your own experiences and learn by being active in the markets yourself while speaking with others in a community.