FOR A FREE TASTER COURSE TO LEARN HOW I PERSONALLY TRADE PLEASE VISIT http://www.springboardyourtrading.com/online-course
In this weeks video we take a look at the money side of trading. As you will no doubt have seen in previous videos I prefer to talk in terms of pips or % with regards to a trades outcome. There is a hugely powerful reason for doing this as you will discover in the video however it has created a bit of uncertainty as to how pips relate to physical money so this is what I want to address today.
In this video I discuss the important steps you need to take to not only work out your risk profile but also your monetary reward potential and how the two are directly linked.
Using several recent news trade examples to illustrate, the video highlights that even with a relatively small account, you can make some fantastic returns and then by going onto trading a larger account (capitalisation), your returns can grow exponentially.