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

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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.

#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
Twitter: @desiretotrade
IG: @etiennecrete

// TRADING MUST-HAVE RESOURCES

// 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.

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).
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Very critical point for traders "efficiency of execution". When we're not efficient while executing, all negative emotions start to flow in, and this will lead to unplanned executions, hesitation, FOMO... losses or missing trades, etc

bilalelhabboub
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Thank you etienne again for this precious video, really we want more video anout managing risk and managing fomo being greedy 😢😢😢

fadwaelqasseh
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Make more risk management videos, you are doing a Great Job...

RajatSharma-jkqj
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Amazing video bro, thank you for the upload!!! this really helped me alot

liam
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Wow. New to Etienne. This guy brings the heat when it comes to valuable content from real traders. 👏

TheTranquilTrader
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great content .
always love your interviews
traders are simply risk managers .
I wait to see more content from you

joefonjong
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Michael toma is a beast, please get him on again!!!

liam-n
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Awesome video. I've been taking prop firm challenges for a while now and my approach to risk management has drastically changed since my first challenge to say the least. Thanks and keep up the good work💯

charlesbaldwin
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awesome indeed, more risk management videos and topics would be great

Mr.S.i.m.s
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awesome knowledge, definetly would love to listen to more stuff on this topic

NeilCouttsShow
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Thanks for the video. I need more risk management videos.

entrepreneurialtradingacademy
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You always have great guys on here giving us incredible information. 👍

davidreuter
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Great content, awesome stuff.. thanks

henrygeorge
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Do you trade your own capital or you trade for others???

Xyztyusg
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Me encantas tus podcasts gordito! Eres un genio por conseguir estos maestros y por lo claras de tus preguntas. Te quiero pedir sobre money managment si alguien puede hablar sobre aumentar parciales de las operaciones ganadoras o disminuir con TP's parciales. Si existe alguna formula que se pueda aplicar a nuestra estrategia seria fantastico. Saludos y gran video!

FinanzaQuant
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wow quality content again thank you sir

edgewrld
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Thank you Etienne for your material. Is very interesting and enriching to see such a wide aproach of trading from succesfull profesionals and yet they all have very similar mind set up. In my opinion risk management is the key for such mind set up. If you monitor your actions, profits, emotions ... etc, you are able to feel in control when geting to your trading desk and develope your skills as profesional. I am currently reading Michael Toma's book and it great value, helping me to structure a process of improving my strategies and inplementing a solid plan. Thanks again for all those enlighting interviews.

luislanzuela
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Powerful: "Allow yourself to stay alive..."

rogergarcia
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One question is: how do you determine correlation between pairs?

jeroencommandeur
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please interview Navin prithyani again sir

acousticmalayalam