Hey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the world and still lose consistently without a solid risk management plan. In fact, in my personal experience with teaching traders, I have found that many traders who do not succeed are actually using a profitable strategy! These traders would have made money if they followed their risk management rules but that tends to go out the window when we do not see how the numbers work out for ourselves (among many other reason). It is important that you use these calculations that I have broken down on these charts over and over again until it makes perfect sense to you and then apply them to your own trading. If you do nothing else at least make sure the numbers work for you! I hope this short tutorial helps you get started on creating your own risk management plan and please be sure to comment below with any questions you may have. If you like this tutorial please give this lesson a thumbs up and I will cover more on this topic In a future lesson.
Thanks Traders, If you would like access to a spreadsheet that automatically calculates all of this for you, please request one using the link below and I will send you my personal spreadsheet for free. goo.gl/forms/poie4UX3iJi6jn3I3
Also if you have not done so please follow me at TradersNsights Facebook page as I plan to start posting daily market updates and predictions over there that may be helpful to you. facebook.com/TradersNsights/
Komen
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New Simple Patterns Tutorial Available Now! Strategy Insight!
Komen
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How To Read Structure (Charts) Tutorial- Section: 3 Charts 12-18 Release!
hey mate , thanks for your information.. i would love to know more? im a complete newbie and need to get my head around risk management, i still dont fully understand your formula but want to learn it as much as i can.
Alec40
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@oisinbeatty, Hey there my friend! You are very welcome! Please private message me with any questions you may have and i will do my best to answer them as soon as possible :)
fcpronto100
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@Alec40, Thanks for this valuable info.. do you have an account on Instagram where one can follow your trading tips and lessons?
MarcusAtb
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Wow! Thank you for this exclusive information. For a newbie amateur like me this is gold
Alec40
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@MarcusAtb, You are very welcome! I have been a professional trader for 5 years now and I have noticed that very few educators teach this! I was a bit puzzled about that considering that this info is extremely important! Really glad this was helpful to you! I have much more good content coming your way!
Ophiuchus
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@Alec40, Thank you much! Happy I came across your profile.
Alec40
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@Ophiuchus, Very Very welcome my friend! Happy to help!
Alec40
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@MarcusAtb, You are very welcome and there will be more coming your way shortly!! For such important information, it is awfully hard to find so I hoped it would be helpful to share! Glad it was helpful to you! Feel free to request any other topics that you would like me to do a tutorial. Thank you for your comment and following! Please be sure to give a thumbs up if you like the material. it really helps :)