Essential Math For Traders by Perry J. Kaufman
Do you understand the right way to calculate risk, reward, and the chance of something unexpected happening in the market? Are you sure? Just in case, here is a review of the basic calculations and concepts that every trader should know.
The steady growth of volume in worldwide stock and futures markets during the past twenty years can be viewed as greatly increased competition for proﬁts. An important ingredient for success in this new regime is a better understanding of how risk is important ...