Risk & Trade Management
Learn to measure trades in R, size positions in any market, control leverage, correlation and drawdowns, and write your own risk policy. The course builds skills for managing risk; it does not promise profits.
Self-study course Self-study course: written lessons, videos and downloadable materials for independent learning. There is no supervision, assessment, individual feedback or tutoring. Self-check quizzes are evaluated automatically in your browser — we do not see your results.
All 10 lessons free
Before you start
- Understanding of the 1% risk rule and basic position sizing
- Knowing how to read a price chart and place stop orders
- Basic percentage and fraction calculations
What you will be able to do
- Calculate R-multiples and expectancy from a set of trade results
- Size positions correctly for shares, forex lots, crypto and CFDs, including conversion into euros
- Place stop-losses using market structure or ATR and estimate gap and slippage risk
- Explain margin, leverage, margin close-out and the EU retail CFD limits with a worked calculation
- Measure portfolio heat, correlation groups and drawdowns, and apply loss limits
- Write a one-page personal risk policy with a review routine
Lessons in this course
Thinking in R-Multiples and Expectancy
Measure every trade in units of risk and calculate whether a set of rules has a positive expected result.
Position Sizing Across Instruments
Calculate position size for shares, forex lots, crypto and CFDs, including conversion into euros.
Stop-Loss Placement: Structure, Volatility and Gaps
Place stops at logical levels, use ATR to respect volatility, and understand why actual losses can exceed planned risk.
Take-Profit and Trade Management
Compare fixed targets, partial exits, trailing stops and break-even stops, and understand the trade-offs of each.
Leverage and Margin Explained
Understand margin, leverage, margin calls and close-out, and the EU retail rules for CFDs.
Correlation and Portfolio Heat
Measure total open risk and avoid hidden concentration when several trades depend on the same driver.
Drawdowns, Losing Streaks and Risk of Ruin
Use loss streak math, recovery math and loss limits to keep a drawdown from becoming permanent damage.
Trading Around News and Events
Use an economic calendar, understand how spreads and slippage change around events, and decide when to stay flat.
Measuring Performance from a Trade Journal
Calculate win rate, average R, expectancy, profit factor and maximum drawdown from your own trade records.
Writing Your Personal Risk Policy
Combine the course into a one-page set of written rules, with a review routine and a plan for broken rules.
Markets & Macro: Forex, Rates and the Dollar
Continue with "Markets & Macro" to understand the economic forces and scheduled events that drive the price moves you now know how to manage.
View course outline