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The Mathematics of Money Management by Ralph Vince
[ Download (1.39 Mb) ] 01.05.2009, 12:48
The Mathematics of Money Management is one of the greatest books about the money management in trading. Like in many other fields, money management has two principal sides — psychological and mathematical. Psychological part is about putting the right amount of money at risk at a right time and why emotions tell you to do otherwise. Mathematical is about putting the right amount your funds at risk at a right time, and why statistics tell you to do so. This book is mostly about mathematics. It will give you a system to adhere in order to stop losing money where you shouldn’t lose anything. Even having a good market entry/exit strategy doesn’t guarantee that you will earn from trading; managing your money properly is very important in every kind of financial trading, that’s why I recommend this Forex book so much.
Category: Books | Added by: admin | Tags: The Mathematics of Money Management
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