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Money Management Strategies for Futures Traders (Wiley Finance)
ISBN: 0471522155     Date Published: 1992-03-16     Author(s): Nauzer J. Balsara
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288 Pages
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06/20/2013 01:28:43
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Editorial Review - Book Description:
Presents powerful, low-risk strategies for making huge profits trading futures. First learn the authors favorite classic spreads in traditional markets, then discover exciting new spread strategies for todays newest and hottest markets. Included are specific strategies for reaping large profits in stock indexes, energy (gas and crude oil), precious metals, interest rate instruments and foreign currencies.
Customer Review:
Total Reviews: (5)
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21 of 21 People found the following review helpful.

A Money Management Classic, June 27, 2008 ByAmazon Book Lover (USA) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Money Management Strategies for Futures Traders (Wiley Finance) (Hardcover) This book was released in 1992 -- and is still as essential today to traders as it was 16 years ago. It seems like it is a secret gem of a book since there are only 2 reviews posted (both of which are five and four stars) in all these years. Maybe it's time for this classic to be re-discovered by a new generation of traders and investors. Surprising to me that the book "The Trading Game - Playing by the Numbers to Make Millions" sells so many books. The gimmick title "...Make Millions..." should make you wonder if it is authentic -- get Professor Balsara's book instead and learn the true principles of managing and understanding your risk. There is a reason Balsara's book is cited by 34 other books (most of which are written by the master traders of our time) and it is because this is the textbook that the master traders refer to in creating their money management strategies. This book has the formulas and the theory you need to manage your risk and...
33 of 37 People found the following review helpful.

Do not enter the futures game/war without this book!, November 29, 1999 ByJohn E Moore (El Paso, Texas.) - See all my reviews This review is from: Money Management Strategies for Futures Traders (Wiley Finance) (Hardcover) I only wish I had utilized the statistical tools the author provides earlier in my trading career. However, I did find the book in time. Don't let the reference to statistics scare you. The author uses basic alegebra to aid you in trade selection and risk control. This book may not guarantee you success in trading, but I do believe that if one does not apply the basic money management principles presented by Prof. Balsara, sooner or later, failure in the futures market is almost certain.If you can't name the 5 basic steps of money management, I suggest you stop trading immediately, get this book with a couple of ticks worth of money you'll not be losing while your not trading. Read it a few times, set up your money management spreadsheet and may you trade with clarity previously unknown in your endeavors in the futures market.
23 of 25 People found the following review helpful.

A Complete Insight Into Money Management Strategies for FT, March 27, 2003 (Los Angeles, CA) - See all my reviews This review is from: Money Management Strategies for Futures Traders (Wiley Finance) (Hardcover) While a large percentage of individuals do not achieve financial success in the futures markets, traders who do succeed possess a solid understanding of risk and exercise a disciplined program of loss containment and money management. Nazer J. Balsara's Money Management Strategies For Futures Traders provides a wealth of materials for futures and stocks traders alike. The book is a must-read and a relatively easy-read for those who wish to enhance their risk management sophistication with complex tools and who believe that the best way to survive and prosper in the markets it to contain your losses, play defensively and let profits ride. All trading opportunities are not created equally and part of a trader's job is ferreting out the best markets to trade. The chapter on commodity selection presents four approaches to market selection, based largely on the work of J. Welles Wilder, the father of ADX (Average Directional Index Indicator) and RSI (Relative Strength Index). Here, the...
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