Defining and Calculating Risk-to-Reward Ratios
Webinar Date: 11 November 2024, 3:00 pm
Defining and Calculating Risk-to-Reward Ratios
This session focuses on the concept of risk-to-reward ratios, a vital aspect of every trader’s risk management toolkit. Attendees will learn how to set realistic risk-reward goals and standards using TradingView’s visualization tools. We will dive into using drawing tools and risk-reward boxes to visualize trades and create a more disciplined approach toward trade setup. Participants will also discover how to leverage alerts to ensure that trades align with their predefined risk-reward requirements.
Learning Outcomes:
- Define the risk-to-reward ratio and understand its impact on trading success.
- Use TradingView’s tools to set up and visualize risk-reward scenarios before entering trades.
- Create and customize risk-reward ratio boxes on charts.
Set up alerts to be notified of trading opportunities that meet the desired risk-to-reward standards.