The most important part of any trading system is the risk and money management. Many traders concentrate too much on the trading strategy with little focus on proper risk management. With proper risk and money management, your risk of ruin goes down exponentially.
Suppose, you are able to make a low risk 10% per month with 10% risk of losing with a trading system A. What this means is that out of 10 trades you make with trading system A, you will lose on average 1 trade. 10% monthly return compounds into an annual return of 120%. Now, compare that with a high risk trading system B that gives you 100% return with 25% risk of losing. Using trading system B means that out of 10 trades, 4 will be losers. Comparing the overall statistical performance of these two trading systems is very important if you want to use them in your trading. For this you need proper formulas.
Tom Strignano has been trading as the Chief Currency Trader for a number of international banks in NY. He has more than 25 years of experience trading the interbank market. Recently, he has launched his latest product on Money Management.
Tom Strignano Money Management eBook is a course on risk management that no new trader should miss. In this course, you will learn how to calculate the risk for each trade, how much risk you should take in a trade, how to calculate how good your entries were, how to calculate how good your exits were, how to calculate the overall performance of your trading system and much more.
This is a comprehensive course on money management. If you are a new trader or even if you have been trading for sometimes, what you need is to brush up your risk management techniques. These advanced money management tips from a pro trader are going to show you how the pro traders manage risk in their daily trading.
Tom says that many traders focus too much on making their current trade a winner losing sight of the long term performance of their trading system. Trading is all about learning how to survive in the market and making consistent winners that can help you compound your account long term. Without a proper risk and money management system, you cannot survive in the markets long term.
Tom Strignano Money Management course comes with 60 days iron clad money back guarantee. You can download it RISK FREE and see if the tips and strategies provided in the course help you become a consistently winning trader. If these advanced risk management strategies don’t help, you should go for a refund.
Mr. Ahmad Hassam has done his Masters from Harvard University. Download my forex trading system FREE that makes 100-200 pips per trade with a small 10-15 pip stop loss. Download this eBook, “How I made $2M in the stock market”, FREE.