A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin

by Bennett A. McDowell, Steve Nison (Foreword)

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 one?and 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

The value of managing trade size and consistent record keeping

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 work?and immediately benefit from the value of effectively managing risk.

Genres: Finance, Money Management, Business

282 pages, Kindle Edition

First published January 1, 2008

Reviews

[Kiril · Rating 4 out of 5]

A must for everyone managing money. The book is on point with the title (money management system for traders) and has very useful and thorough information. The reason I gave it 4 out of 5 stars is that it could have been written in half the pages and still provide the same amount of information. Another one is that on one-third of all the pages, the author is trying to sell you his products. For me, that was too much.

[Fernando Luchesi · Rating 5 out of 5]

That is a must read book if you like trading.

[Warren Mcpherson · Rating 4 out of 5]

A simple, clear look at developing a system for trade sizing and account management.

[Noppadol Monthathip · Rating 3 out of 5]

เป็นหนักสือแปลที่อ่านยากอีกเล่ม

[Abhilash Gosavi · Rating 1 out of 5]

Provides nothing new. Everything in this book is available for free. Why pay?

[Gurmukh Sandhu · Rating 3 out of 5]

Mind your rules