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  • The Risk of Trading

  • Mastering the Most Important Element in Financial Speculation
  • By: M. Toma
  • Narrated by: David McCarthy
  • Length: 9 hrs and 13 mins
  • 4.7 out of 5 stars (12 ratings)

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The Risk of Trading

By: M. Toma
Narrated by: David McCarthy
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Publisher's summary

Develop the skills to manage risk in the high-stakes world of financial speculation.

The Risk of Trading is a practical resource that takes an in-depth look at one of the most challenging factors of trading - risk management. The book puts a magnifying glass on the issue of risk, something that every trader needs to understand in order to be successful. 

Most traders look at risk in terms of a "stop-loss" that enables them to exit a losing trade quickly. 

In The Risk of Trading, Michael Toma explains that risk is ever-present in every aspect of trading and advocates that traders adopt a more comprehensive view of risk that encompasses the strategic trading plan, account size, drawdowns, maximum possible losses, psychological capital, and crisis management.

  • Shows how to conduct a detailed statistical analysis of an individual's trading methodology through back-testing and real-time results so as to identify when the methodology may be breaking down in actual trading
  • Reveals why traders should think of themselves as project managers who are strategically managing risk
  • The book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics

Using this book as a guide, traders can operate more as business managers and learn how to avoid market-busting losses while achieving consistently good results.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2012 Michael Toma (P)2012 Gildan Media

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No practical information

I found no practical information and was faced with a buzz word bingo and common sense infos. I was disappointed with this book and would not recommend it.

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