Trading for a Living

Description

Alexander Elder’s ageless classic in trading education, Trading for a Living combin
es technical analysis, risk administration, and trading psychology into one strong handbook. This book teaches profitable and sustainable trading, not only how to trade.
Psychiatrist-turned-professional trader Dr. Elder emphasizes on the psychological and emotional side of trading. He contends that mastering your own actions and emotions is the key component of good trading. By means of psychological insights and real-world examples, he guides traders toward disciplined behavior, avoidance of emotional judgments, and creating orderly trading strategies.
Three fundamental pillars of trading success—Mind, Method, and Money—formulate the framework of the book. “Money” emphasizes risk management and capital preservation; “Mind” addresses trader psychology and self-control; “Method” concentrates on technical indicators and chart reading skills. Trading for a Living distinguishes itself from other essentially technical books with its all-encompassing approach.
Elder stresses the need of journaling and self-evaluation in order to always grow as a trader and presents helpful instruments as the Triple Screen Trading System and the Force Index. His practical and straightforward style makes even difficult subjects understandable for novices and provides depth for more seasoned traders.
Trading for a Living provides unchanging ideas applicable across all markets, regardless of your trading style—day trading, swing trading, or investor seeking to hone his edge. Now accessible online in Pakistan, Alpha Readers Club, your reliable source for communicating material by renowned author Alexander Elder, may help you to own this indispensable handbook.