The Successful Trader's Guide to Money Management

Regardless of the market or country in which you operate, money management is a fundamental aspect of risk management in investing and trading. However, while many operators focus on identifying operational set-ups, like entry levels and stop-loss ratios, many do not consider the often-decisive impact that money management can have on their investment returns.

In The Successful Trader's Guide to Money Management, celebrated investor, educator, and author Andrea Unger delivers a thorough exploration of the different methods used by traders and professional investors to calculate how much of their capital to use in individual transactions. Sometimes referred to as "position-sizing," money management in trading is a central component of effective risk management.

You'll find practical examples with a special focus on money management and position-sizing, as well as comprehensive coverage of widely practiced investment techniques, including discussions of their strengths and weaknesses. You'll discover treatments of the most effective position sizing models. You'll also learn about portfolio management, with examples on how different approaches lead to completely different results.

Finally, the book also offers essential tips on building and designing a trading system, how to trade on equity, derivative, and forex markets, and how to choose a broker aligned with your needs.

Perfect for investors, retail traders, fund managers, and professional or advanced investors, The Successful Trader's Guide to Money Management will also earn a place in the libraries of anyone thinking about beginning to invest or start their trading career and who seeks a one-stop, authoritative resource on how to manage one's money while actively trading.