Forex Trading: Risk Management Ultimate Guide – Michael Toma

Published on June 6, 2022

Search New Research Relevant to Forex Event Driven Trading Risk, Forex Trading: Risk Management Ultimate Guide – Michael Toma.


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.

Michael Toma wrote the book The Risk Of Trading (Wiley):

Program Michael Toma is teaching at Desire To Trade:

Get my free VIP Trader Growth emails daily & strategy course:

#riskmanagement #forextrading #traderinterview

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

Forex Trader Community (Facebook Group):
Twitter: @desiretotrade
IG: @etiennecrete

Forex Broker (Pepperstone):
Forex Broker for Canada (Axi):
Best Platform:
Backtesting Tool:
VPS (for algo trading):
Trading Journal:

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.

I blog at and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

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.

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).

Forex Trading: Risk Management Ultimate Guide - Michael Toma, Forex Event Driven Trading Risk

Forex Event Driven Trading Risk, Forex Trading: Risk Management Ultimate Guide – Michael Toma.


Event-driven business knowledge method for real-time assimilation of technical and also basic analysis in foreign exchange market

Foreign exchange market is one of the most fluid financial market and also the largest market on the planet. Foreign exchange market has actually been evaluated using 2 separated approaches, technical evaluation and also fundamental evaluation. Technical evaluation attempts to predict the motion of rates by studying the historic data of the marketplace whereas basic evaluation issues basically with the general state of the economy. Depending on one kind of analysis restricts the high quality of trading choices as a result investors normally get insight right into the market by analysing numerous variables which might affect the marketplace state and the rate motion. This procedure has come to be significantly challenging because of the substantial as well as alternative number of prices’ components as well as the quick changes in the market dynamics.

This research study proposes an event-driven organisation knowledge technique to respond right away to any type of adjustment in the marketplace standing by producing trading signals based on different evaluations. Targeting the value connected with the information as it shows up, various designs are constructed to catch and also process the information of 3 money versus US dollar in different regularity as well as the data of nine United States macroeconomic indicators. The time-series information for both technological and fundamental indications are modelled utilizing artificial semantic network while a knowledge base model is applied to incorporate the signals generated by time-series versions. The experimental results show an amazing renovation in the top quality of trading signals using real-time factor to consider of different analyses.

What is forex as well as how does it function?

Forex, additionally known as fx or FX trading, is the conversion of one currency right into another. It is among the most actively traded markets on the planet, with an average everyday trading volume of $5 trillion. Take a closer take a look at everything you’ll need to understand about foreign exchange, including what it is, exactly how you trade it and exactly how utilize in foreign exchange jobs.

The conclusion:

It might seem also evident to state, yet an orderly graph is less complicated to trade, specifically when you recognize the interaction between deep prejudice and also threat belief and also how it is playing out on the graph. A disorderly chart reflects confused considering what is essential deep bias and what is danger belief. Profits, if you can not check out the chart and picture what the large players need to be believing, you should not attempt to trade it, also when one of the most sophisticated of indicators are providing you the permission. Clear thinking causes lucrative trades.

Read Popular Posts Explaining Forex Event Driven Trading Risk and Financial market information, analysis, trading signals as well as Foreign exchange broker reviews.

Warning about Forex Risk

Please note that trading in leveraged items might include a significant level of risk and also is not appropriate for all capitalists. You need to not take the chance of greater than you are prepared to lose. Prior to determining to trade, please ensure you recognize the threats involved and also consider your level of experience. Seek independent suggestions if required.

Enjoyed this video?
Forex Trading: Risk Management Ultimate Guide – Michael Toma
"No Thanks. Please Close This Box!"