Money Management System for Traders

This is the game-changer for those traders who have already developed a good trading plan but are not still profitable.

Money management is the most important piece of the pie that many traders like to ignore and that many educators don’t talk much about. To be honest, a trader cannot be successful if he or she isn’t focused on managing risk and reward properly.

In this course, you will learn about various important statistics that affect your profit and loss. These statistics will give you the historical data to adjust your money management system and also adjust your trading system if needed.

The concept of risk of ruin will be presented to you and you will understand its importance in your trading journey.

You will learn how to calculate your optimum percentage to be risked in each trade based on your historical trading data, such as your win ratio and payoff ratio. Moreover, you will learn how to calculate the position size based on the optimum percentage of risk you are allowed to take in each trade. A few handy websites will be introduced to you which you can use to calculate your risk of ruin and trade size.

You will also learn how to develop a trading journal to monitor vital statistics.

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Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!