Just recently, we have conducted a training on Risk Management Calculator exclusive to students of LZR Capital.
I have personally developed this calculator in order to automatically calculate the risk of the trader whenever copying the VIP Signals of our team. I created this since I got feedback from some of our students that their accounts got blownout due to improper risk management. During my assessment, I found out that our students don’t have standard format on the risk management system. Although we reiterate this during our onboarding, however, there is no standard template that they can follow, hence, the development of automated risk management calculator.
We were excited to launch this state of the art calculator since this system can only be found in LZR Capital team. You cannot find this in any organization or in any team, whether local or abroad since we have customized this for LZR Capital VIP signals.
The training aims to teach our students on how to use the Risk Management Calculator, in order to auto-calculate their respective risk, whenever they copy VIP signals of LZR Capital.
In the calculator, once the user enters the capital, it will automatically suggest the following:
- Account type to be used (Standard or Cent Account)
- The lot size for the three (3) TPs,
- The Pip Computation
- $Profit/$Loss of each TP
- Daily Target Profit/Loss and
- The number of SL hits before the account will be wiped out.
The trader will choose whether he wants a low risk or a high risk depending on his/her risk appetite.
This risk management calculator is for the following traders:
- For newbies who do not know how to calculate the risk when trading
- For old traders who do not have an idea on risk management when it comes to trading
- For undisciplined traders who frequently encounter frequent account wipeout due to poor risk management system
- For traders who don’t want to be in front of their cellphones just to do trading, which is exhausting
After the training, we got a lot of good feedbacks and gratitude from our students who attended the training:
- They have the confidence in trading without worrying if their accounts might get blown out
- This will help their well-being since they do not need to be in front of their cellphone just to monitor their trades.
If you want to have a copy of this Risk Management Calculator, CLICK HERE to contact me on my FACEBOOK account.