After this course, you will be able to clearly explain the 4 main risks all traders encounter, the different contexts in which traders are likely to come across them and, crucially, how to manage them. You will understand the importance of having a good risk management strategy and be able to explain and demonstrate risk management options available. You will know all good traders trade with a plan which includes where to set orders.
What you'll learn
- The four main types of risk and how to identify each one
- How to manage each risk to improve your chances of being a profitable trader
- An awesome tool for managing most of the big risks
- A golden rule all traders should be applying
What students say about our courses:
“great course…with excellent instructor and support”
“I feel that courses are really well explained and cover everything that’s needed to be a successfull trader”
“An excellent source of financial education. Nice quality produced videos with great accompanying educational material. It is a great place to start.”
“Videos are clear and straight to the point, when explaining information”
“Very encouraging and very motivated session. Would recommend it to anyone interested in trading”
“Great course explaining trading terms, tools and theories very clearly for the absolute novice.”
“Superb course, very informative. I completed the ‘Mastering Trading Risk’ which was absolutely fantastic and I would highly recommend it!”
“MyTradingSkills.com demystified the secrets of candlestick patterns and did an excellent job. I am more enlightened and happy to have taken the course…”
“Another captivating session. Concise! The concepts of the Continuation Price Patterns, supported by useful, applicably illustrations. Well Done.”
“Good, simple, easy to follow course”
“One day on my smartphone I came across Mytradingskills.com website. I signed up for free courses. And I’m glad I did signed up. Only regret is that Should’ve taken the course earlier. Thank-you.”
“The course content is very good, the web portal is well designed, and the live seminar was excellent.”
“The lessons are really helpful and really worth learning. Thanks and keep it up.”
“Thank you soo much for being there to coach some of us who could have never had the opportunity you provide on your platform.”
“Would definitely recommend. Phillip explains the basics in a way that is easy and simple to follow.”
“Highly recommended for beginners or as a refresher for everyone else.”
“I recommend My Trading Skills if you are a beginner, intermediate or more advanced as Phillip and his team will help you on your journey.”
“Thank you so much for this wonderful service.”
Who teaches this course
Phillip Konchar authored the course. He is an expert in technical analysis and its application in margin trading.
He is Head Tutor at My Trading Skills, for over a decade and a half he has provided trading education for major brokerages and prop trading houses in London and Dublin.
We (My Trading Skills) are an award-winning, CPD accredited provider of online education for individuals wanting to learn about the financial markets, private trading, and how to start doing it themselves using their own capital. Our courses have helped 1,000s of people approach trading in a rational, balanced manner.
How to take the course
The course is online and on-demand, available on both desktop and mobile, so you can study at your own pace anytime and anywhere. Process through the video lessons, practice tasks and test how much you have learned with the knowledge check.
Who this course is for
- Beginners with a basic understanding of trading but wish to learn more
- Traders who want to learn about the different levels of risk
Time to complete
The course is split into two parts, the theory part will take about an hour to complete. The practical part will take 1 hour and 20 minutes.