Study Guide for Trading for a Living

Submitted by Book Library on 12 May, 2010 - 23:05

Trading for a Living with Companion Study Guide (Specially Priced Leather Bound Edition). The bestselling trading book of all time, Dr. Alexander Elder's Trading for a Living is now bound with the companion Study Guide in a handsome leather edition no trader should be without.

Focusing on the three critical areas of Mind, Method, and Money, Dr. Elder helps professionals master new approaches to trading stocks, currencies, futures, and options. A clear understanding of the three M's will help you discipline your Mind, master the best Methods for trading the markets, and manage Money in your trading accounts so that no string of losses can kick you out of the game.

Dr. Elder's revolutionary Trading for a Living has won international acclaim and helped hundreds of thousands of traders bring their skills to new levels. The accompanying Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management adds more than 200 questions, charts, and assessments that pinpoint the reader's strengths and weaknesses as a trader, and helps measure improvement and growth.

Positive Review of Book

Sometimes I read a book and think I understand its author's ideas... but 2 weeks later only vaguely recall what i read. Dr Elder's STUDY GUIDE did a fantastic job of exposing my blind spots. Each of its questions is referenced to a specific chapter in the book. He shows you charts and puts you into trading situations, then asks, what will you do? He tells you not only what answers are correct but why they are correct and why others are wrong! The self-rating scales at the end of each chapter showed me exactly where I stood and what I needed to do next. A great follow-up to TRADING FOR A LIVING!

Negative Review of Book

What is your learning style? If you don't trust that you know something until you've taken a test, this book can help. It does an excellent job of pulling out the key topics and quizzing you on them. There are no 'silly' questions here only the important stuff. On the other hand, if you like to read and underline, then return to the text when you are actually 'doing' the activity, then this book is probably a waste of money. One nit complaint: some of the labeling of chart features is a bit unclear. Since it is sometimes tough to tell which letter goes with which feature, answering some questions is difficult, even when you know the material.

Author Biography

Alexander Elder, M.D., is a professional stock trader, living in New York. He is the author of Trading for a Living, Come Into My Trading Room and Entries & Exits, best-selling and well known among traders. First published in 1993, these books have been translated into Czech, Chinese, Dutch, French, German, Greek, Japanese, Korean, Polish, Portuguese, and Russian. He also wrote Rubles to Dollars a book about the transformation of Russia.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship’s doctor, he jumped a Soviet Union ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with a unique insight into the psychology of trading. Dr. Elder’s books, articles, and software reviews have established him as one of today’s leading experts on trading.

Table of Contents

  • Trading--The Last Frontier.
  • The Odds Against You.
  • INDIVIDUAL PSYCHOLOGY.
  • Fantasy Versus Reality.
  • Self-Destructiveness.
  • Trading Lessons from AA.
  • Winners and Losers.
  • MASS PSYCHOLOGY.
  • What Is the Market?.
  • The Market Crowd and You.
  • Managing Versus Forecasting.
  • CLASSICAL CHART ANALYSIS.
  • Support and Resistance.
  • Trendlines.
  • Chart Patterns.
  • COMPUTERIZED TECHNICAL ANALYSIS.
  • Moving Averages.
  • The Directional System.
  • Williams %R.
  • Relative Strength Index.
  • THE NEGLECTED ESSENTIALS.
  • Volume-Based Indicators.
  • Herrick Payoff Index.
  • STOCK MARKET INDICATORS.
  • New High-New Low Index.
  • PSYCHOLOGICAL INDICATORS.
  • Consensus Indicators.
  • NEW INDICATORS.
  • Elder-Ray.
  • TRADING SYSTEMS.
  • Triple Screen Trading System.
  • Channel Trading Systems.
  • RISK MANAGEMENT.
  • Money Management.

Discover more Trading books at BookofTrading.com!

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!