Getting Started

Before you do anything new in life it is often important to be aware of the risk as well as the reward.

It does not matter how much you trade with, the formula for risk management remains the same.

Here you will see our Lead Analyst Daniel go through a proven risk management formula, and how it looks on a chart.

We strongly recommend taking handwritten notes and putting the formula into practice.

To make life easier for you, we have listed this video's chapters and time stamps for you.

3:22 – TRADING TAKES TIME

• Expectations for becoming an expert trader.

9:17 – NOT A GET RICH QUICK SCHEME

12:40 – 1% RISK PER TRADE or 2% IF YOU ARE CONSISTENT

• with 5400$ account 1% = 54
• $ risk / (SL% / 100)
• 54 / (4 / 100)
• 54 / 0.04 = 1350 = trading amount
• with a Risk/Reward ratio of 3:1 we either loose 54$ or we win $162

22:10 – 1-5% OF EQUITY RISK MANAGEMENT

26:50 – THERE IS NO BEST WAY TO TRADE

• Is this increasing my profitability or reducing risk? ALWAYS has to be YES.

32:01 – WHAT IS YOUR EDGE

• Work it out, do not gamble
• No opinion, just trade CHARTS

 39:01 – HAVE A PLAN

• Know when you will go out BEFORE you go in!
• When on a losing streak, lower risk %

43:53 – YOU CAN NOT AFFORD TO BE MEDIOCRE. AMATEURS NEVER WIN IN THEIR LIFE!

45:38 – Q&A