Forex Strategies: Kelly Criterion, Larry Williams and more! (Udemy.com)
Forex Trading Strategies: Be Smart With The Larry Williams Formula, Fixed Ratio Method, and Kelly Criterion In Forex
Created by: ForexBoat Team
Last updated March 2023
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
How it compares
Against the other 278 rated Udemy courses in Trading & Investing on CourseDuck:
- Rating4.6 out of 5higher than 66% of them
- Reviews2,385#36 of 279 by number of reviews
- Length3.2 hoursshorter than 62% of them
- Last updatedMarch 2023earlier than 75% of them
Course Description
Learn the EXACT Money Management strategies and techniques used by the top traders of the century!
Trading Forex? ...... You NEED to know these strategies!
Take the unnecessary risk out of your trading! Simply by knowing and applying the strategies and techniques described in this course you will avoid over 50% of mistakes most traders make!
First, in this course you will learn the LEGENDARY Larry Willams method:
In 1987 Larry Williams won the wolrd cup of trading turning $10,000 into $1.1 million in 12 months using real money! In 1997 Michelle Williams Larry's daughter won the world cup using the same strategy as her dad!
If you want to be a successful trader you HAVE to know at least this method!!!
Next, I will show you how to apply the Risk Management techniques describe by Ryan Jones in his book "The Trading Game". We will look at actual case studies of how to apply this method to YOUR trading.
Then, we will compare the two methods and I will reveal to you their strengths and weaknesses. You will learn why and when you should apply either of the two!
Finally, and most importantly, we will talk about the Kelly Criterion.
Have you ever been in a situation when you weren't sure what % of your deposit to risk on a given trade?? With this last method I show you will solve that problem once and for all!
The Kelly Criterion may seem rather complex if you research it on your own, but in this course I break everything down STEP BY STEP so that you can grasp the concepts extremely quickly. Same goes for all the techniques in this strategies in this course!
If you are just beginning your trading career, then this course will protect you from hundreds (if not thousands) of lost money. It will also save you time and effort researching all of this information on your own.
If you are a seasoned trader, a comprehensive Money Management arsenal is what can really take your trading to the next level.
Take this course now and start applying these techniques in YOUR trading today!
Can't wait to see you inside!
Kirill Eremenko
Disclaimer:
Any information or advice contained in this course is general in nature only and does not constitute personal or investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. You should seek independent financial advice prior to acquiring a financial product. All securities and financial products or instruments transactions involve risks. Please remember that past performance results are not necessarily indicative of future results.
Instructor Details
- 4.6 Rating
2,385 Reviews
ForexBoat Team
Hi there,
We are the ForexBoat team. You will find us in the Forex courses by Kirill Eremenko - we are here to help you out with any questions and make sure your journey through the courses is always smooth sailing!
The best way to get in touch is to post a discussion in the Q&A of the course you are taking. In most cases we will respond within 36 hours.
We're passionate about helping you enjoy the courses!
See you in class,
Sincerely,
The Real People at ForexBoat
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Reviews
By Anonymized User on 3/9/2023
This is my fourth course with Kirill. Not only did he highlighted the importance of money management, Kirill also demonstrated how simple it is to carry out the process which does not take much time, yet can have a big impact in a trader's profitability in the long run. A highly recommended course for traders who want to achieve long-term profitability! Looking forward to Kirill's Algorithmic Trading for Success and Testing & Optimization for Success courses, hopefully he will be completing those courses soon.
By Jessica Baines on 8/31/2022
Kirill Eremenko is one of the easiest teachers to understand and learn from in regard to Forex/trading on Udemy. I love all of his classes and plan on taking more. Thank you Kirill for sharing your expertise! I loved this class because it opened my eyes to money management techniques that I was previously unaware of. I had heard you could have a so-so strategy but be highly profitable because of your money management and this class helped explain why.
By Joel Grau Bellet on 2/17/2021
It is my second course with the Forexboat team (after "Forex Trading A-Z") and I'm really happy with all that I'm learning with them. As the first one, I think that it is very well prepared and explained, and the team is really supporting any doubts you could have. Sometimes Kirill says "I hope this was useful" and I my answer will allways be "this was more than useful!". I feel that I'm "deep" learning. For sure this won't be my last course on Forex with them.
By B D on 5/18/2019
This course has taught me some very important strategies and concepts about forex trading, and investment in general. The course provided very easy to follow steps on how the concepts of each strategy worked, while providing real world examples of how the creators of these strategies utilized and profited from them. One of the main takeaways from the course for me has been the fact that the money management strategies taught are not restricted to only forex, but can also be utilized in many other forms of trading and investment products.
By Robert Milovic on 5/3/2019
Well, this course proved to be exactly the missing point in my way of trading ! In spite of all very accurate and low risk strategies that I myself used to make and invent(being a long term mathematician and statistician), I was for quite a time rolling around my started investment capital, neither retreating nor making any enough serious profit in order to go real professional ! This is exactly part of trading that I did not pay enough attention that it actually deserves . Thanks !
By Max Arev on 10/31/2018
Amazing course, Money Management examples and strategies shown in this course are 100% applicable in a day by day life situations, not necessary only in trading or just business in general. Kirill is a great instructor, keep it up this way man, all of your training material that I have seen so far is simply AWESOME ! Thank You for the dedicated work and very detailed approach on explanations in your every lesson.
By Felix S Suwarno on 3/22/2018
It is amazing how Kirill explain PHD level material for a kindergarten student like me. He made things so easy to understand. If all teachers in my life explains complicated topics the way Kirill did, i would have enjoyed school more. BUT. There is not enough real world examples to apply the three money management system. Especially the fixed ratio and the kelly criterion. I need more examples on how to use these in real world trading, especially while using meta trader 4. There are a few problems i see that is not addressed, for example, with the Kelly Criterion, how often would one change the parameter, depending on some situations? Do you just use your past 12 months of trading for the win : loss ratio? How often do you recalculate? When do you think you need to go ahead and just use full kelly instead of half? And why would the take profit : stop loss = 20 : 40????? I thought it should be the other way around? Someone asked specifically about that in Q&A page , and there has been no response for weeks. I would like to know the answer to that as well.
By Scotty Gomez on 3/17/2018
Probably the most important Forex Boat class in existence. If you have some experience with trading, but can't seem to make turn out profit then this is the class for you. Money management is key, I'm a natural at this, but I definitely learned new perspectives on using money management as a strategy. I only wished Kirill would have taught the possibilities in mixing strategies. Otherwise good job :)
By John McAnallen on 2/8/2018
I thought this course was an excellent insight into various Money Management strategies however I have only rated four stars because in all three methods I felt the reviewer went over the points in far too much detail. I understand there's a need to make the course as easily and widely accessible as possible but at one point there are 3 different slides essentially boiling down to simple addition, it's a bit tedious. Accept that, I learned a lot of useful information :)
By Jongsuk Park on 12/21/2017
The lecture focuses on money management. It doesn't deal with specific trading tactics but how to control risk and how to check if your strategy is stable or not from the long term prospect. This course helpful for beginners. The quality of video and sound is a bit poor. The presentation should have been more dynamic.
Quality Score
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Overall Score : 92 / 100












