Description
Q: Is a money management course suitable for someone who has never traded before?
A: NO, it is for someone who is already trading but struggling with managing their funds (refer to the learning outcomes below)
Q : Is this money management course only suitable for smaller trading accounts?
A : NO, even bigger accounts require a tight money management plan because if you can manage a smaller amount, you can manage a bigger amount. Principles are the same. Margin call knows NO amount.
Q : Is the money management course suitable for all trading strategies?
A : Yes, definitely. No matter how you trade, you need to learn how to protect your equity and know what is suitable to trade with your trading capital. This is to avoid trading instruments that your account cannot afford.
Q : Is the money management course suitable for demo trading?
A : YES, demo trading is all about practicing before you can start with the real thing. Your practice must be in line with how you’ll trade your real money.
Learning Outcomes
- Calculating the costs
- Understanding pip values
- Managing your funds like a business
- Protecting your equity
- Ultimately avoid blowing your account/margin call.