By Don Guy
In this book, the author introduces the reader to a money management system that he claims can be used to maximize profit and minimize losses not only in forex markets but also in trading stocks, commodities, binary options and almost any other market. The idea behind the system is so universal that, according to the author, it can even help you win at roulette!
In this book, Don Guy gives readers the information that they need to employ a money management system that he devised to make his own forex trading profits more consistent. The system aims to manage risk, increase profits and reduce losses.
It is natural to be suspicious of any system that guarantees a trading profit, and, to be fair, the author does not guarantee anything, but his claims are bold, implying that this system will work for anyone, doing any kind of trading – so is this a fair claim, or not?
It is certainly fair to claim that money management is a key principle in successful trading, perhaps more important than any individual technique or strategy, and the author does seem to have developed a well-researched system that has been tested and shown some solid results. Whether those results would continue to be consistent in real-life situations, across a wide range of markets, is not so clear. They may be, but the examples in the book do not emphatically prove it.
It’s important to note that this book will not teach you how to trade in any practical sense. It focuses exclusively on money management. The technique discussed also has limitations. It will work best with high-win, high-risk trades, and will be best employed by more experienced traders who have already developed a strong money mindset and a high level of discipline.
Format: Kindle and Paperback
Print Length: 72 pages
Publisher: Roulette Trader
Publication Date: October 17, 2016