Title
Money Management Strategies for Futures Traders,New
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Distills complex theories for the benefit of the average trader with little or no background in finance or mathematics by offering a wide range of valuable, practical strategies for limiting risk, avoiding catastrophic losses and managing the futures portfolio to maximize profits. Numerous topics are explored including: why most traders lose at the futures game most of the time; why most mechanical trading systems are apt to fail; the probabilistic approach to trading; how to make stoploss orders work for, rather than against you; the pros and cons of options versus futures trading; and how to limit risk through diversification.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'Money Management Strategies for Futures Traders'? A: The book primarily focuses on distilling complex financial theories into practical strategies that help traders limit risk, avoid losses, and effectively manage their futures portfolio.
- Q: Who is the author of this book? A: The author of 'Money Management Strategies for Futures Traders' is Nauzer J. Balsara.
- Q: What topics are covered in this book? A: The book covers various topics including reasons why most traders lose, the failure of mechanical trading systems, a probabilistic approach to trading, effective stop-loss orders, and the comparison between options and futures trading.
- Q: What is the publication date of this book? A: The book was published on March 16, 1992.
- Q: What is the condition of the book? A: The book is listed as 'New'.
- Q: What is the binding type of this book? A: The book is available in hardcover binding.
- Q: How many pages does the book have? A: The book contains 288 pages.
- Q: Is this book suitable for beginners in trading? A: Yes, the book is designed for traders with little or no background in finance or mathematics, making it suitable for beginners.
- Q: What strategies does the book suggest for managing risk? A: The book suggests various strategies, including diversification and the use of stop-loss orders, to help manage risk effectively.
- Q: In which category is this book classified? A: The book is classified under the category of Economics.