Trade planning and risk management
Course overview
Description
Ask any successful trader for their top tips, and you can be sure one of them will be to stick to a clear trading strategy. Here we explain the tools and techniques you can use to guide your trading decisions, showing you how to create a plan that’s tailor-made for you and your personal goals.
We also introduce you to some crucial ways to manage risk, so you can safeguard your profits and minimise your losses. Lastly, we look in detail at the four main types of trading style, helping you decide which is likely to work best for you.
Time
Level
Benefits
Lessons
-   
1
What is a trading plan?7 min
-   
2
How to make a trading plan10 min
-   
3
What is risk management?6 min
-   
4
Ways to manage risk: part one7 min
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5
Ways to manage risk: part two7 min
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6
Choosing your trading style3 min
-   
7
Position and swing trading10 min
-   
8
Day trading and scalping10 min
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Quiz10 questions
Example lesson: SMART trading
In this course you’ll find exercises, charts and illustrations designed to help you build an effective trading plan and manage the risks of trading. To give you a flavour of what to expect, here’s an extract explaining how to set effective trading goals:
To be effective, trading goals need to be Specific, Measurable, Attainable, Relevant and Time-bound. In short, they need to be SMART: