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.
|