| Money Management Strategies for Futures Traders Contributor(s): Balsara, Nauzer J. (Author) |
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ISBN: 0471522155 ISBN-13: 9780471522157 Publisher: Wiley OUR PRICE: $103.50 Product Type: Hardcover Published: April 1992 Annotation: There are two components crucial to success in trading: the effectiveness of the system used and the money management skills of the trader. Yet, as important as money management is, comparatively little has been written about it. Money Management Strategies for Futures Traders is the first practical work to appear on this subject in years. Comprehensive in scope yet simple in its approach, it's the first modern hands-on guide to money management that shows you how to measure and limit risk--without compromising the huge potential for earnings that makes the futures market so attractive. It explains how to leverage intelligently. And it illustrates, with examples, how to harness the laws of probability to improve your odds of success. Best of all, Money Management Strategies for Futures Traders takes you beyond theory to offer proven, original techniques and strategies that work in today's turbulent markets. A key focus of the book is its clear explanation of why most traders lose at the futures game and why most mechanical trading systems are doomed to failure. As a practical alternative, it applies the rules of probability to trading. It shows you how to make stop-loss orders work for, not against, you. It also demonstrates how diversification, when properly executed, can significantly limit your risk. An indispensable tool for futures traders, including novice traders with little or no background in finance or probability, Money Management Strategies for Futures Traders deals with a subject no trader in today's markets can afford to overlook. |
| Additional Information |
| BISAC Categories: - Business & Economics | Investments & Securities - Futures |
| Dewey: 332.645 |
| LCCN: 91038287 |
| Series: Wiley Finance |
| Physical Information: 0.94" H x 6.22" W x 9.2" (1.21 lbs) 288 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Money management is a key factor in trading success but, until now, very little has been written on the subject. This invaluable guide to money management strategies distills complex theories for the benefit of the average trader with little or no background in finance or mathematics. It offers a wide range of valuable, practical strategies for limiting risk, avoiding catastrophic losses, and managing the futures portfolio to maximize profits. |