A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading)
by Bennett A. McDowell
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Book Summary Information
Author: Bennett A. McDowellForeword: Steve Nison
Edition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2008-07-08
ISBN: 0470187719
Number of pages: 210
Publisher: Wiley
Book Reviews of A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading)
Book Review: Money Management Rules to Live By
Summary: 5 Stars
A great read and a book that you leave next to your trading monitor.
Easy to follow risk management tools that will take your trading to the next level. After reading this book I was able to apply rules to my trading that puts me on par with the Professionals. A must read for any TRADER
More A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading) reviews:
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Summary of A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading)
Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning oneand take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into:-
The psychology of risk control as well as the finer aspects of setting stop-loss exits
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The value of managing trade size and consistent record keeping
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The process of putting together your own personal money management system
Unlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts workand immediately benefit from the value of effectively managing risk.
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