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Finance lessons in Copenhagen

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2 finance teachers in Copenhagen

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2 finance teachers in Copenhagen

Why Is Personal Finance Important? Personal finance is a vital part of not only managing your day-to-day financial needs but also planning your financial future. The sooner you get a grip on personal finance, the better your long-term financial prospects will be for things like investing or planning for retirement. What Are the Five Areas of Personal Finance? Though there are several aspects to personal finance, they easily fit into one of five categories: income, spending, savings, investing, and protection. These five areas are critical to shaping your personal financial planning. Five Aspects of Personal Finance Income Income is the foundation of your personal finances and includes all parts of your cash flow – the money you take in from all sources. It includes your salary, pension or Social Security, and income from rental properties, or investments. Spending Spending includes the money for any expenses you have. Controlling the amount of money you spend can allow you to set aside money to grow your financial future. Savings Savings includes any money from your income that you do not spend but set aside for the future. It is necessary to provide for potential expenses – planned or unplanned. Investing Investing is different from savings. While savings are what’s left over from your income, investments are purchases that allow you to earn future income or savings. Investments may include purchases of mutual funds, stocks, bonds, or real estate that you expect to give you a good rate of return. But investments come with risks. Protection Protection from financial risks can be handled through a variety of financial products including annuities, property/casualty insurance, life insurance, and health insurance. These can provide financial security or protection from unexpected financial costs.
Finance · Tutoring · Personal finance
Trusted teacher: This training formula based on intensive coaching is intended for traders who already have a strategy in place but are plateauing and unable to progress or worse see their trading capital melt away like snow in spite of all their efforts to redress the situation. The idea of this custom trading course is to echo the trader's fragility or lack of edge, the risk control, the psychological biases that are strongly embedded in the trader's mind and that are damaging to their growth as a trader. I never have any trouble understanding the specific strategy of each trader whatever his time horizon, the asset traded (stocks, futures, forex, cryptos), the use or not of price or volume indicators. Why is this so? Because it is rarely the strategy that is the problem but the trader himself. The objective of this training, which is similar to ultra-targeted coaching sessions, is to objectively mirror the weak points of the strategy in place in order to obtain tangible results. This formula is structured as follows: A-Audit of the trading system in place 1-Is there a clear entry strategy? 2-Is there a clear exit strategy? 3-Does the strategy developed by the trader produce a positive trading gain expectancy? 4-If so, does the trader apply it systematically for each opportunity it generates? Proposed solutions and actions to be implemented gradually by priority to progress or return to the path of performance and consistency. B-Audit of the risk management in place 1-Is risk management by trade in place? 2-Is the overall risk management of the portfolio in place? 3-Is the management of the concentration risk of the positions in place? 4-Is the management and analysis of the correlation between the assets held in the portfolio in place? 5-Is drawdown management in place? Proposed solutions and actions to be implemented gradually by priority to progress or return to the path of performance and consistency. C-Audit of the quantity and quality of the tools put in place by the trader 1-Is a relevant daily routine in place? 2-Are the tools used appropriate and sufficient: screeners, alerts, backtesting, trading logs, dashboards for calculating risk and market exposure of the portfolio, etc.? Proposed solutions and actions to be implemented gradually by priority to progress or return to the path of performance and regularity. D-Audit of cognitive and emotional biases 1-Questionnaire submitted to the trader for the identification and evaluation of psychological biases detrimental to the trader's performance, 2-Situational exercises based on recent trades made by the trader and the psychological biases induced or highlighted. Proposed solutions and actions to be implemented gradually by priority to progress or return to the path of performance and regularity.
Financial markets · Personal finance · Finance
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