Sydney Chapter Monthly Meeting
Monday 15 July 2024
Online only at 6.30pm (AEST)
AGENDA
6.30 pm to 6.35 pm: Welcome and introduction
6.35 pm to 6.50 pm: Market analysis – Mary McNamara
6.50 pm - close: Money Management – Sunil Mangwani
“The Crucial Factors of Money Management”
Continuing from the previous webinar of the importance of 3M’s – Money, Mind & Method, we will delve deeper into the crucial 'M' factor – Money Management.
Ask any professional trader the secret to success & they would most likely mention Risk Management, as this is one of the most important factors responsible for success or failure.
But there are various facets, even within the parameters of Risk Management, which are crucial to the proper implementation.
Did you know that choosing the markets you trade & the time frames you trade on, should ideally be decided by factors of Money Management?
Secondly, most traders tend to give priority to the Win/Loss ratio. While having a larger number of winning trades is beneficial to the account, there is another factor which is more important.
Understanding these crucial points of Money Management will put you on the path to successful trading.
Bio:
Sunil Mangwani, the founder of FibForex123, is a trader, educator, author, speaker & a developer of trading techniques. He has been trading for more than 20 years & specializes in trading price action using Fibonacci ratios.
He believes a trader can be successful in this demanding market, only if the trader has a definite Trade Plan, which incorporates the 3M’s - Money, Mind & Method.
These principles can be applied to all financial markets Forex, Commodities, Equities, Crypto’s etc.
Sunil is passionate about sharing his trading experience & his aim is to show the proper path to trading success which is reflected in his book “7 Secrets of Professional Traders”.
Over his 20-year career, Sunil has conducted live workshops / seminars on his 3M’s concepts globally & has participated in conferences in USA, Canada, London, Singapore, Jakarta, Barcelona, Moscow etc.