Episode 6 - Risk Management Plan with FuturesTrader71

In this episode of our new series of "mini-sodes", Ian is again joined by Morad Askar a.k.a FuturesTrader71 (FT71) to discuss trading with reasonable expectations for risk management planning.

We discuss the following key topics:

• Understanding margin and leverage - everyone wants lower margins, but do you really need it?
• Overtrading - often a sure sign of someone who is in trouble on a trading day is when there is too much activity in their account
• Overleveraging - when does scaling in making sense?
• Simulated vs Live Trading - sim trading has its place, but when does it become a hindrance rather than a benefit

We are excited about this series and look forward to your questions and comments. Please like our podcast so others can find out about it.