A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading) :: 0470187719
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Product Description
Proven money management techniques that can help today's trader excel
Not adhering to a sound money management program can expose a trader to unnecessary risk, and possibly destroy their account. A few essential money management techniques can make a big difference to the bottom line. In A Trader's Money Management System, author Bennett McDowell introduces readers to the most important elements of money management in trading. Topics covered throughout this book include how to design a program to get maximum profit from a trading system; how to calculate the best trade size on every trade; how to analyze profit/loss results and identify weaknesses in a strategy; plus much more. Along the way, McDowell also addresses the importance of risk control and stop loss exits. The book also includes a one-month free trial of the Trade Size Calculator software.
Bennett A. McDowell (San Diego, CA) founded TradersCoach.com(r) in 1998 and is an expert in technical analysis and complex trading platforms. He lectures nationally and writes articles for many prominent trading publications. McDowell is also a recognized leader in trading education and is the author of The ART(r) of Trading: Combining the Science of Technical Analysis with the Art of Reality-Based Trading, to be published by Wiley in 2008.
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