Download The Risk of Trading: Mastering the Most Important Element in Financial Speculation AudioBook Free
Develop the skills to control risk in the high-stakes world of financial speculation.The Threat of Trading is a useful resource that needs an in-depth look at one of the most challenging factors of trading--risk management. The publication puts a magnifying glass on the issue of risk, something that each trader must understand to become successful. Most investors look at risk in terms of the "stop-loss" that permits them to exit a burning off trade quickly. In The Threat of Trading, Michael Toma talks about that risk is ever-present in every facet of trading and advocates that investors adopt a more detailed view of risk that encompasses the strategic trading plan, bank account size, drawdowns, maximum possible losses, emotional capital, and turmoil management.
- Shows how to carry out an in depth statistical research of a person's trading strategy through back-testing and real-time results to be able to identify when the strategy may be breaking down in real trading
- Reveals why investors should think of themselves as job professionals who are strategically managing risk
- The book is based on the author's unique 'concentrate on the risk' approach to trading using data-driven risk statistical analytics
