Logan’s Grove has members from all over the globe and from all walks of life. So the weekly calendar of classes and trading rooms is structured so all traders can attend and participate in live sessions.
Membership
Building consistent, confident traders
What to Expect
Weekly Calendar Events
- Introduction to the currency markets
- Introduction to the trading platform
- Introduction to price action trading
- Introduction to risk management
- Live currency pair analysis, trade setups, position sizing & location, open trade management & post trade review
- Understanding your trading statistics
Trader Statistics
- Winning rate
- Average winner
- Average loser
- Maximum account drawdown
- Reward to risk ratio
- Expectancy
- Profit factor
- Slope of equity line
- Smoothness of slope
- Degree of intensity
What You Should Consider
Consider the Winning Rate
If for every $1 you put at risk, your goal is to earn $2, you only need to be right 38% of the time to breakeven.
Consider Money Management
If you use a fixed percentage risk to reward you are compounding your returns in favorable markets, and decompounding your losses in unfavorable markets.
Consider the Entry and the Exit
If you align your entries and exits with institutional traders, their momentum will do much of the work for you.
Consider the Scalper
If you can correctly measure the respective price and time cycles, then you can account for and plan for outside range movements.
Consider the Maximum Account Drawdown
If you know your winning rate, your average win, your average loss you can use a random generator to estimate the greatest account drawdown you can tolerate.