The Successful Trader's Guide to Money Management: Proven Strategies, Applications, and Management Techniques (Wiley Trading) - Hardcover

Unger, Andrea

Hardcover

ISBN 10: 1119798809 ISBN 13: 9781119798804

Publisher: Wiley, 2021

Synopsis

Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniques

Money management is a central element of trading the financial markets, especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades, you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader’s Guide to Money Management describes the operating methods that seasoned investors use. With this book, you’ll avoid the common mistake of focusing too much on entry levels and stop-losses, and you’ll learn to consider the impact of proper money management on your final portfolio results.

Successful traders focus on risk management, avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing, The Successful Trader's Guide to Money Management offers a comprehensive coverage of widely practiced risk management models, examining their strengths and weaknesses. You will learn how to use the most effective operating models, including the Fixed Fractional, Fixed Ratio, and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades.

• Learn how the professionals manage money and avoid common trading mistakes
• Design a trading system that minimizes risk and maximizes reward through correct position sizing
• Understand the most important money and portfolio management models, including Fixed Ratio, Percent Volatility, Fixed Fractional, and more
• Equip yourself to trade smarter, individually or with a broker, on equity, derivatives and Forex markets

For individual and institutional investors alike, this book is a ticket to more solid trading strategy, especially in uncertain times.

About this title

About the Author

ANDREA UNGER is a full-time trader, educator, author and Founder and CEO of Unger Academy^®. He is a highly sought-after speaker at conferences in Europe, the US, and APAC; a member of Mensa International; and an honorary member of the Italian Society of Technical Analysis.

From the Back Cover

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.

From the Inside Flap

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.

Edition details

• Publisher: Wiley
• Publication date: 2021
• Language: English
• ISBN 10: 1119798809
• ISBN 13: 9781119798804
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320