Jan 23, 2008

Van Tharp:Money management




Perhaps the greatest secret to top trading and investing
success is appropriate money management. I call it a
“secret” because few people seem to understand it,
I including many people who’ve written books on the topic.

Some people call it risk control, others call it
diversification, and still others call it how to “wisely” invest your money.

However, the money management that is the key to top trading and
investing simply refers to the algorithm that tells you “how much” with
respect to any particular position in the market.

Rapidshare.

1 comment:

Warren said...

According to Dr. Van K Tharp trading is basically 60% psychological, 30% money management and 10% trading system. You will have to manage your money properly and invest in proper places if you want to make money and achieve financial freedom.