Risk Management Books

Do you have any suggestions for risk management articles, books, or research papers for someone wishing to improve their comprehension and use of risk management in trading?

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You don’t need a book to tell you how to protect your account by limiting risk exposure to maybe 1% of your account per trade, and a maximum open trades not exceeding 5%.

Of course, you could move up or down on your risk exposure depending on your account size. This is what I call learning how not to lose money.

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Van K Tharp
Trade Your Way to Financial Freedom
SuperTrader

buy them second hand on eBay or Amazon at 1/4 list price. These are quite deep - not recommended for a beginner. These two books changed my entire outlook on risk management, in trading and in my professional life as a management consultant

Enjoy

what a great question on an under-discussed subject :sunglasses:

if people only paid more attention to this, and less to trying to “copy a system that just works”, the success-rates would be much, much higher :slight_smile:

risk-management books for forex traders:-

first choice: “The Mathematics of Money Management” by Ralph Vince

second choice: “Profitability and Systematic Trading” by Michael Harris

third choice: “Trade Your Way to Financial Freedom” by Van Tharp

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I appreciate your response, but I wish it were as simple as you say.

Nice to have you here. :heart_eyes:

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