Risk Analysis Techniques For Traders
This is not an forex management ebook for beginners. Many readers of this text will have read forex trading Portfolio Management Formulas. For those who have not, Chapter 1 of this ebook summarizes, in broad strokes, the basic concepts from Portfolio Management Formulas. Including these basic concepts allows this book to “stand alone” from Portfolio Management Formulas.
This forex ebook does not require that you utilize a mechanical, objective trading system in order to employ the tools to be described herein. In other words, someone who uses Elliott Wave for making trading decisions. However, the techniques described in this forex book, like those in Portfolio Management Formulas, require that the sum of your bets be a positive result. In other words, these techniques will do a lot for you, but they will not perform miracles. Shuffling money cannot turn losses into profits. You must have a winning approach to start with.
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