Buy The New Trading For A Living by Dr. Alexander Elder (paperback)


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The New Trading For A Living

“The New Trading for a Living” is a comprehensive guide to trading written by Dr. Alexander Elder. First published in 1993, this updated edition offers traders of all levels valuable insights and strategies for navigating the dynamic and ever-changing world of financial markets.

At its core, “The New Trading for a Living” emphasizes the importance of developing a disciplined and systematic approach to trading, grounded in sound principles of risk management, technical analysis, and psychology. Dr. Elder draws on his years of experience as a trader, psychiatrist, and educator to provide readers with practical advice and proven techniques for achieving success in the markets.

The book covers a wide range of topics, including:

  1. Market Analysis: Dr. Elder introduces readers to various methods of market analysis, including technical analysis, fundamental analysis, and sentiment analysis. He explains how to interpret price charts, identify trends, and recognize patterns that can help traders make informed trading decisions.
  2. Trading Systems: Dr. Elder discusses the importance of having a well-defined trading system and provides guidelines for developing and testing trading strategies. He explores different types of trading systems, such as trend-following systems, countertrend systems, and breakout systems, and offers insights into how to optimize them for maximum effectiveness.
  3. Risk Management: Dr. Elder emphasizes the importance of risk management in trading and provides practical tips for protecting capital and minimizing losses. He discusses position sizing, stop-loss orders, and other risk management techniques that can help traders preserve capital and manage risk effectively.
  4. Psychology: Dr. Elder explores the psychological aspects of trading and explains how emotions such as fear, greed, and overconfidence can impact trading performance. He offers strategies for maintaining emotional discipline, overcoming common psychological pitfalls, and developing the mindset of a successful trader.

“The New Trading for a Living” is not only a comprehensive guide to trading but also a roadmap for achieving long-term success in the markets. Dr. Elder’s clear and engaging writing style, combined with his wealth of knowledge and experience, make this book an invaluable resource for traders of all backgrounds and experience levels. Whether you’re a novice trader looking to learn the basics or an experienced trader seeking to refine your skills, this book offers practical advice and timeless wisdom that can help you achieve your trading goals.

SKU: SKU1011
Categories:, ,
Weight0.3 kg
Dimensions12 × 2 × 8 cm


Book Author

Alexander Elder





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