Forex Strategies: Kelly Criterion, Larry Williams and more!
What you will learn
Apply the Larry Williams Money Management Method in your trading
Apply the Ryan Jones Money Management Method in your trading
Most importantly, confidently apply the Kelly Criterion to find out exactly what lot size (volume) to trade in any given transaction
Understand the Half-Kelly and how to use it to maximize your profits
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Comidoc Review
Our Verdict
This Udemy course on Forex Strategies, boasting a rating of 4.51 from nearly fifteen thousand subscribers, offers nuanced looks into various money management techniques and strategies like Larry Williams, Fixed Ratio Method, and Kelly Criterion—most notably the half-Kelly adaptation. The instruction is precise and informative, with an emphasis on risk reduction and profit maximization through well-balanced methods.<br/><br/> Despite its strengths, some users express concerns about seemingly unrealistic high-risk scenarios in examples. Be cautious when implementing these techniques, as individual trading strategies may necessitate alternative risk levels. Furthermore, the title may lead potential students to believe the course covers a broader range of Forex trading strategies; however, it predominantly focuses on managing trade size and associated risks.<br/><br/> In summary, while this Kirill Eremenko course provides a solid education in various money management techniques for Forex strategies, be prepared that it's not a comprehensive guide to trading but instead more specialized with an emphasis on risk controls.
What We Liked
- Explores several historical Forex strategies: Larry Williams, Fixed Ratio Method, and Kelly Criterion.
- Detailed analysis of money management techniques, perfect for traders who want to improve their long-term profitability.
- High-quality content, explained in a clear and concise manner, making learning easy and enjoyable.
- Includes 1/2 Kelly strategy to optimize profit while reducing risk.
Potential Drawbacks
- Some users mention that examples shown have excessively high risks for beginner traders.
- The title is misleading as it does not cover general Forex trading strategies but focuses on managing trade size and associated risks.
- Users expected more information about selecting a broker, which turned out to be unnecessary for this course.
- Limited focus on when and how to enter or exit the market, which are essential aspects of a well-defined strategy.