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Reviewed by Katelyn Hensel for Readers' Favorite
I have to admit that I knew little to nothing about trading accounts when I first approached this book. But, I've been attempting to gain a better financial understanding of my life and my own money, so it seemed like the golden opportunity when I discovered How To Not Blow Up Your Trading Account by Erick Vavretchek.
This book, while short, is an information-packed look into the world of Forex trading. Most people know that there is no holy grail for trading. The gimmicks and get-rich quick kind of ideas are not going to fly for long. In this book, you learn that there is a precise science for money management. People differ in their money practices, and what is best for one person may vary greatly from the person sitting next to them.
This book was very helpful. As someone with little to no experience, I found it very informative and seldom confusing. Things were spelled out so that the layman might understand them. I found it easy to comprehend what was going on, even in places where I have gotten lost in previous books with similar themes and topics. The section in particular that benefited me the most was "Why Traders Lose Money." This stripped-away look into why the majority of traders end up losing their money was both eye-opening and a great help to my understanding of the market.
How To Not Blow Up Your Trading Account is a must-read for those considering the world of Forex trading, or those already involved. I'm very glad I got a chance to read it!