Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniquesMoney management is a central element of trading the financial markets especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader’s Guide to Money Management describes the operating methods that seasoned investors use.
With this book you’ll avoid the common mistake of focusing too much on entry levels and stop-losses and you’ll learn to consider the impact of proper money management on your final portfolio results.Successful traders focus on risk management avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing The Successful Trader’s Guide to Money Management offers a comprehensive coverage of widely practiced risk management models examining their strengths and weaknesses. You will learn how to use the most effective operating models including the Fixed Fractional Fixed Ratio and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades.Learn how the professionals manage money and avoid common trading mistakesDesign a trading system that minimizes risk and maximizes reward through correct position sizingUnderstand the most important money and portfolio management models including Fixed Ratio Percent Volatility Fixed Fractional and moreEquip yourself to trade smarter individually or with a broker on equity derivatives and Forex marketsFor individual and institutional investors alike this book is a ticket to more solid trading strategy especially in uncertain times.
The Successful Trader’s Guide to Money Management by Andrea Unger is a seminal work in the genre of Business & Money, Investing Books, released in by Wiley. Over it’s pages, the book provides an in-depth analysis of Money Management, making it an indispensable resource for professionals in the field. Its ISBNs 1119798809 and 9781119798804 ensure easy reference and procurement for libraries and individuals alike.