{"product_id":"the-risk-of-trading-mastering-the-most-important-element-in-financial-speculation-hardback-9781118100837","title":"The Risk of Trading; Mastering the Most Important Element in Financial Speculation (Hardback) 9781118100837","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Risk of Trading\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eMastering the Most Important Element in Financial Speculation\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMichael Toma (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118100837, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 19 April 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e23.6 x 16 x 2.3 cm, 0.404 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"\u003ci\u003eThe Risk of Trading\u003c\/i\u003e is a call to arms for the trader who either keeps no trading journal at all or simply records profit and loss. Metrics are critical to success.\" (\u003ci\u003eSeeking Alpha\u003c\/i\u003e, May 2012)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eDevelop the skills to manage risk in the high-stakes world of financial speculation\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Risk of Trading\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eMost traders look at risk in terms of a \"stop-loss\" that enables them to exit a losing trade quickly. In \u003ci\u003eThe Risk of Trading\u003c\/i\u003e, 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eShows 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\u003c\/li\u003e \u003cli\u003eReveals why traders should think of themselves as project managers who are strategically managing risk\u003c\/li\u003e \u003cli\u003eThe book is based on the author's unique 'focus on the risk' approach to trading using data-driven risk statistical analytics\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eUsing 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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface vii\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Principles of Risk Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Foundations of Risk Management 3\u003c\/p\u003e \u003cp\u003eChapter 2 Five Steps in the Risk Management Process 11\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Managing and Measuring Risk 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 Predictive Analytics Using Quantitative Analysis 63\u003c\/p\u003e \u003cp\u003eChapter 4 Statistical Edge and Its Impact on Risk 71\u003c\/p\u003e \u003cp\u003eChapter 5 Embracing a Culture of Analytics 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Qualitative Elements of Risk 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 6 The Human Element: Psychological Risks of Trading 147\u003c\/p\u003e \u003cp\u003eChapter 7 Preparing for Risk and Loss 161\u003c\/p\u003e \u003cp\u003eChapter 8 Business Risk Management for Traders 181\u003c\/p\u003e \u003cp\u003eBibliography 201\u003c\/p\u003e \u003cp\u003eIndex 203\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52472077943064,"sku":"9781118100837","price":38.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118100837.jpg?v=1785716208","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-risk-of-trading-mastering-the-most-important-element-in-financial-speculation-hardback-9781118100837","provider":"Freshly Printed Books","version":"1.0","type":"link"}