ULTIMATE Risk Management Course For Ambitious Traders *Master Trading With This*

Video Description

In this video, we sit down with Michael Toma to discuss risk management for traders. You'll learn the main concepts of risk management in Forex trading. We also discuss risk management for prop firm trading. As you know there are statistics you need to respect to get funded and keep your account. Michael is an expert on managing risk in trading. Michael Toma wrote the book The Risk Of Trading (Wiley): https://geni.us/ctSp Program Michael Toma is teaching at Desire To Trade: https://d2t.link/prop-firm Get my free VIP Trader Growth emails daily & strategy course: https://desiretotrade.co/bbr-course #riskmanagement #forextrading #traderinterview Chapters: 0:00 Start 0:19 Introduction 1:02 Basics of risk management as a trader 1:47 Why SL placement is only a tiny part of risk management 2:41 Risk of Ruin in trading 3:47 What things can a trader do to influence their Risk of Ruin 4:53 Why win rate by itself doesn't matter 5:37 Why identification is really important for traders 7:30 Metrics to evaluate trading performance 8:56 Why high-performance metrics can be bad 10:17 What matters most to get a job at a prop firm 12:14 How can you prevent losing a funded prop firm account 14:00 How to know if your strategy works for a prop firm 16:47 What else should you look at in the current markets 19:20 How do news events affect your risk management 20:40 How you can work with Michael Toma // SOCIAL Forex Trader Community (Facebook Group): https://d2t.link/FBgroup Facebook: https://www.facebook.com/desiretotrade/ Twitter: @desiretotrade IG: @etiennecrete // TRADING MUST-HAVE RESOURCES Forex Broker (Pepperstone): https://d2t.link/pepperstone Forex Broker for Canada (Axi): https://d2t.link/axitrader Best Platform: https://d2t.link/tradingview Backtesting Tool: https://d2t.link/soft4fx VPS (for algo trading): https://d2t.link/vps Trading Journal: https://d2t.link/journal // ABOUT ME My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom. I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for! If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. // Disclaimer This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action. AFFILIATE LINKS Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn't affect you in any way in the checkout process (I'm sometimes even able to arrange a discount for you that is special from other customers).