"Money management" says Dave Landry, "is the process of analyzing trades for risk and potential profits, determining how much risk, if any, is acceptable and managing a trade position (if taken) to control risk and maximize profitability. Many traders pay lip service to money management while spending the bulk of their time and energy trying to find the perfect (read: imaginary) trading system or entry method. But traders ignore money management at their own peril." Advising traders to "Understand the volatility of the market you are trading and adjust position size accordingly," Dave stresses the importance of being realistic about the amount of risk required to properly trade a given market. Full of gems from professional traders, this eBook emphasises the importance of the basics that many traders either forget or never manage to master in the first place. Discover if there's something of value for you to apply to your money management strategy in Dave Landry's book by downloading a free copy now ... download the eBook to read more
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