Risk and Money Management for Day and Swing Trading: A complete Guide on how to maximize your Profits and minimize your Risks in Forex, Futures and Stock Trading

Risk and Money Management for Day and Swing Trading: A complete Guide on how to maximize your Profits and minimize your Risks in Forex, Futures and Stock Trading

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Make your trading success predictable!Professional risk and money management is indispensable for every trader in order to improve trading results permanently and sustainably. In the heat of the moment, this is often neglected. Wieland Arlt outlines simple methods that can be implemented in practice with little effort to improve your day and swing trading.He explains different concepts for various trading styles, so that short- and medium-term oriented traders are individually accompanied from the planning of a trade to the choice of the appropriate financial market. Wieland Arlt gives practical advice and demonstrates that professional risk and money management make trading success predictable.
Publisher ‏ : ‎ Wieland Arlt (March 6 2020)
Language ‏ : ‎ English
Paperback ‏ : ‎ 184 pages
ISBN-10 ‏ : ‎ 398217760X
ISBN-13 ‏ : ‎ 978-3982177601
Item weight ‏ : ‎ 1.05 kg
Dimensions ‏ : ‎ 15.24 x 1.07 x 22.86 cm
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6 reviews for Risk and Money Management for Day and Swing Trading: A complete Guide on how to maximize your Profits and minimize your Risks in Forex, Futures and Stock Trading

  1. Michael Mitchell –

    Super, super, super elementary book
    This book is for the absolute beginner. To give you an idea how elementary this book is, here are 3 examples:Chapter 2: He explains how to translate a 1% risk into a dollar amount based on the size of your account. (Like if your account is $10,000 and you want to risk 0.75%, what is that in dollar amount?) Then he goes on for a few pages teaching how to translate that dollar amount into number of shares.Chapter 3: He teaches how to use the 3 price levels–entry, stop-loss and target–to calculate your risk-reward ratio.Chapter 6: This chapter is the second-last chapter of the book. In this chapter, he discusses the trailing stop.Obviously, it doesn’t get any more basic than that.If you’re looking for a book that teaches advanced money management, buy “The Trading Game: Playing by the Numbers to Make Millions” by Ryan Jones, which I have also reviewed.

  2. DK –

    I’ve read several books on such a topic, and each covers some of the points made in this one. This book kinda synthesizes everything, so if you’re new to trading, it’s a great book to start!

  3. Giovanni –

    Consigli pratici ed utili, specialmente la matrice di Money management. Esempi pratici. Lettura da integrare con lezioni e/o approfondimenti di trading.

  4. André S. –

    Der Autor gibt in diesem Buch einen hervorragenden Leitfaden für die Basis jeden Traders: Das “Risk- und Moneymanagement”. In klaren Worten und anschaulichen Beispielen bekommt jeder Leser eine anwendbare Anleitung um auch langfristig glücklich in den Märkten zu traden.Ein absolutes MUSS für alle die im Trading nicht allein auf “Gut Glück” setzen!

  5. Rafael Aleixo –

    Excellent book on money management for beginners. This book will give you the right tools to plan a trade correctly and safely. For a deep understanding of risk and money management in trading.

  6. Sjefselg –

    Good information and finally someone who addresses the risk properly and are not suggesting taking wild risks. I agree with the risk and money management approaches presented in this book.Personally i did not learn anything new. I have a few years experience in trading. This book was much more basic then i expected. Non the less a very good book for someone who has just started out trading.

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