Money Management by Dave Landry

Money Management — as its title obviously suggests, is a book about managing money and risks in the leveraged financial trading and investing. Dave Landry presents a rather short book composed of four main parts, each of them dedicated to one topic: Controlling Risks and Capturing Profits, Rules of the Road, Insights from the Pros, Pro Traders Share Their Lessons. Two advantages this book on money management has compared to other trading books on this topic — it is short (it’s really hard to cover such an extensive topic as money management in about 20 pages) and it’s based on experience of the real traders. Two last parts of the book are in the form of dialogs of the author and some professional financial trader. Money Management by Dave Landry is a good book to get the most important information on the money management before starting trading Forex for real.

Global currency news is the important part of the Forex trading. Knowing latest Forex news is an important advantage that every successful trader should try to exploit.

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