Trading for a Living: Psychology, Trading Tactics, Money Management
Published on Sabtu, 30 November 2013
16.15 //
Forex Books
From Library Journal
Soviet-born author and practicing psychiatrist Elder (director,
Financial Trading Seminars, Inc.) shares his learning over the years as a
professional trader and expert in technical analysis and his principle
of understanding the three Ms (Mind, Method, Money), which will
strengthen the discipline required to be successful in trading. He
explores crucial factors in the markets that most experts overlook,
including time, volume, and open interest, and describes little-known
indicators to track them profitably. In addition, he covers many of the
more technical approaches to investing in futures, such as factoring in
the meaning from the Elliott Wave, oscillators, moving averages, Market
Logic, and point-and-figure charting. His unique viewpoints in this
overly saturated genre explain his particular view that most traders
sabotage themselves, while offering tips for others to avoid doing the
same. The narration by Richard Davidson soundly guides the listener
through this highly specialized work that, although first published
seven years ago, remains recommended for university libraries supporting
a finance and business curriculum.DDale Farris, Groves, TX
Copyright 2001 Reed Business Information, Inc. --This text refers to the Audio CD edition.
Copyright 2001 Reed Business Information, Inc. --This text refers to the Audio CD edition.







Professional traders already have the knowledge and experience to know which trading techniques and trading systems could be profitable and which trading techniques and trading systems should be avoided, but professional traders are not looking for a new trading technique or trading system (because they are already trading correctly). New traders do not have the knowledge and experience to know which trading techniques and trading systems could be profitable and which trading techniques and trading systems should be avoided, and new traders are exactly the traders who are looking for a new trading technique or trading system (and even worse new traders are often still looking for the holy grail of trading).

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