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Money Management Strategies for Serious Traders by David Stendahl is a new addition to the money management Forex books listed on my site. The importance of the money management is often underestimated by the traders irrespectively to their proficiency level. What this short book is trying to explain, is the necessity of the integration of the money management principles into your trading system. Money management can’t be left unnoticed, the risk/reward ration and risk/capital ratio should always have some sort of foundation and the clear explanations inside the definition of your trading strategy. David Stendahl offers methodology for developing, testing and improving the money management system and incorporating it with the common trading strategies.
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