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Money Management Strategies for Serious Traders by David Stendahl

Drawing on years of experience, Stendahl highlights the key elements for reducing risk and maximizing profits through portfolio management techniques. More than Just a guide to what size your next position should be, this booklet features …- 3 simple evaluation methods to ensure consistent system performance – Using your portfolio to remove fear and greed from your system – Techniques to analyze risk/reward calculations – and improve your system – Combining systems to meet your trading objectives – Tips for matching your system to your level of capitalization – And many more methods for analyzing and improving your trading performance.Plus, examples, tables, charts, and a full resource guide to help you understand all the profit-packed concepts presented.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Money Management Strategies for Serious Traders by David Stendahl

About Author

David Stendahl

David Stendahl, a leading industry expert, author and speaker, is the co-founder and president of Signal Financial Group. At Signal, David mentors CTAs and CPOs, enabling them to successfully market their services. Previously, David worked for a number of years as a Commodity Trading Advisor (CTA), following a systematic trading style. He has lectured at numerous national and international conferences and written many articles on system evaluation and money management techniques. He is also the author of Profit Strategies: Unlocking Trading Performance with Money Management and the co-author of two additional books, Dynamic Trading Indicators and Computerized Trading. His trading expertise has been featured in a number of educational videos, including The Systematic Trader. David also co-created various performance analysis software packages, including Performance Summary Plus (now incorporated into TradeStation), Portfolio Evaluator and Money Manager.