Free Download The Mathematics of Money Management. Risk Analysis Techniques for Traders by Ralph Vince
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The Mathematics of Money Management by Ralph Vince. Methods of Risk Analysis for Traders
An explanation
Every trader in the stock, futures, and options markets follows a set of dubious guidelines and presumptions. Are you putting your career at danger for your own?
The Mathematics of Money Management, which is incredibly user-friendly and straightforward, replaces the subjective decision-making processes that many traders and serious investors rely on with exact mathematical modeling.
It gradually reveals effective methods for developing and applying fundamental money management formulas that optimize prospective rewards for the amount of risk you are taking on.
These formulas are based on contemporary portfolio theory and the laws of chance. With them, you may calculate the prospective gains and losses of any trade choice and get the most growth for the risk you have chosen.
You’ll make a decision fast:
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Which marketplaces and amounts to deal in
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When to make changes to an account’s balance
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How to maximize income by reinvesting trade gains
The missing component in contemporary portfolio theory that connects optimal f to the optimal portfolio is provided by the Mathematics of Money Management.
Contents Table
The methods of empirical research.
Features of Salutary Techniques and Fixed Fractional Trading.
Normal Distribution Parametric Optimal f.
Other Distributions and Parametric Methods.
Overview of the Parametric Approach to Multiple Simultaneous Positions.
The Derivation of the Efficient Frontier and Correlative Relations.
The Portfolio Geometry.
Risk control.
Appendices.
List of references and recommended reading.
Index.
Details about the Author
Concerning the writer RALPH VINCE is a consultant for computer trading systems who creates trading methods for traders, advisors, and software providers using computerized futures, options, and stock markets. His book, Portfolio Management Formulas: Mathematical Trading Methods for the Futures, Options, and Stock Markets (Wiley), has received a lot of praise.
