A Trader's Money Management System

Praise for A Trader's Money Management SystemI am pleased to strongly recommend this excellent book, A Trader's Money Management System. If you are picking up this book, congratulations, since you have taken the first steps in following in the footsteps (by using proper money management) of successful traders.--Steve Nison, President, Candlecharts.com, and author of Japanese Candlestick Charting TechniquesBennett McDowell demystifies money management for traders in his new book. With these simple, time-tested strategies, a trader will decrease the time it will take to become profitable.--Adrienne Toghraie, President, TradingOnTarget.comBennett McDowell does traders a HUGE favor in this valuable book by emphasizing the extreme importance of risk control and its vital place in a sound trading plan. Further, he provides knowledge of and access to specific tools, which enable the trader to implement his ideas simply and effectively. His simple straightforward treatment of a complex and often boring subject is a breath of fresh air and a worthwhilecontribution to this important element so crucial to the achievement of successful trading results.--Edward D. Dobson, President, Traders Press Inc.The best-kept secret to trading success: money managementMoney management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning one--and take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into:* The psychology of risk control as well as the finer aspects of setting stop-loss exits* The value of managing trade size and consistent record keeping* The process of putting together your own personal money management systemUnlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts work--and immediately benefit from the value of effectively managing risk.