Nauzer J. Balsara – Money Management Strategies for Futures Traders

Book DescriptionDistills 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 stop-loss orders work for, rather than against you, the pros and cons of options versus futures trading, and how to limit risk through diversification.