The Complete Trading for a Living: The Legendary Approach to Trading with the Companion Study Guide [Hardcover]

Alexander Elder (Author)

Book Description

ISBN-10: 0470040947 | ISBN-13: 978-0470040942 | Publication Date: June 1, 2006

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 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.

Now these two books are available together in one beautifully bound volume, worthy of a place of honor in every trader’s library.

Sold separately, Trading for a Living and the Study Guide retail for $120. Add them both to your business library at this special low price in this deluxe edition, available only to Amazon.com customers for a limited time.

Editorial Reviews

About the Author

Alexander Elder, M.D., is a professional trader, based in New York City. He is the author of Trading for a Living and the Study Guide for Trading for a Living, considered modern classics among traders. First published in 1993, these international best sellers have been translated into Chinese, Dutch, French, German, Greek, Japanese, Korean, Portuguese, Polish, Russian, and Spanish. His Come into My Trading Room was named a 2002 Barron’s Book of the Year. He also wrote Rubles to Dollars: Making Money on Russia’s Exploding Financial Frontier; Straying from the Flock: Travels in New Zealand; and Entries & Exits: Visits to 16 Trading Rooms.
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 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 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.
Dr. Elder is the originator of Traders’ Camps—week-long classes for traders. He is also the founder of the Spike group, whose members are professional and semi-professional traders. They share their best stock picks each week in competition for prizes among themselves. Dr. Elder continues to trade, conducts webinars for traders, and is a sought-after speaker at conferences in the United States and abroad. Readers of this book are welcome to request a free subscription to his electronic newsletter by writing or calling:
elder.com
PO Box 20555, Columbus Circle Station
New York, NY 10023, USA
Tel. [phone]; fax [phone]
e-mail: [e-mail]
website: www.elder.com

Product Details

• Hardcover: 512 pages
• Publisher: Wiley (June 1, 2006)
• Language: English
• ISBN-10: 0470040947
• ISBN-13: 978-0470040942
• Product Dimensions: 9.1 x 6.4 x 1.4 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 4.9 out of 5 stars  See all reviews (22 customer reviews)
• Amazon Best Sellers Rank: #155,455 in Books (See Top 100 in Books)

More About the Author

Alexander Elder, M.D., is a professional trader, based in New York. He is the author of several best-selling books: Trading for a Living, Come into My Trading Room, Entries & Exits, and Sell and Sell Short (all with Study Guides). He also wrote Straying from the Flock: Travels in New Zealand. Dr. Elder taught psychiatry at Columbia University. His experience provides him with unique insight into psychology of trading.

Dr. Elder is a sought-after speaker at conferences and the originator of Traders' Camps - week-long classes for traders. He is the founder and co-director of SpikeTrade - a trading website.

Customer Reviews

Most Helpful Customer Reviews

39 of 42 people found the following review helpful:

5.0 out of 5 stars Use this book at least once a week, January 9, 2007

By 

A. Kennedy "AdotKennedy" (USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: The Complete Trading for a Living: The Legendary Approach to Trading with the Companion Study Guide (Hardcover)

I am a forex trader and have been loking for a book that would give me information that not only focused on stock. Being an 80% technical analysis based trader, I really found the book to be useful. It really broke down the various technical indicators I already knew about, and introduced a few I had heard of before but wasn't really familiar with. Also I like the fact that Elder cites other trading books and a few non trading books. This is helpful if you want to know more about a certain topic. I think the books greatest strong point is the study guide. I helps you internalize how different candlestick patterns and other chart patterns, which really helps when you need to make decision quickly and accurately. I recommend this book for beginning traders or seasoned veterans alike. Its principles can be applied to any behicle you can trade with a chart (i.e. stocks, commodities, futures, and forex)

35 of 38 people found the following review helpful:

4.0 out of 5 stars Review of:, August 14, 2007

By 

Fred Hausman (Grand Rapids, MI) - See all my reviews
(REAL NAME)   

This review is from: The Complete Trading for a Living: The Legendary Approach to Trading with the Companion Study Guide (Hardcover)

I generally agree with the previous reviews, however there is one major caveat I need to make, which is not necessarily a criticism of the book, but rather the information provided by the website where I purchased it. On Amazon.com, under the "Product Details" section, it lists "Publisher: Wiley (June 1, 2006)", giving one the impression it was originally published in 2006. However, the book itself shows the copyright date as 1993! There is a preface written by Dr. Elder in February 2006 included as part of the Special Edition, which may be where the confusion lies. I don't believe any other updates have been made to the main text. I purchased the book fully believing it was only a year old, and was a bit miffed to see the actual copyright date.

While I feel the technical analysis described in detail by Dr. Elder is still valid, the book shows its age in Chapter 4-Computerized Technical Analysis. One quote states: "A computer helps you process more information". (Really, tell me more about these computers, did you call them?) He also seems a bit archaic when he suggests that you can use pencil and graph paper to calculate and record your own moving averages. How quaint.

Again, this is only a minor distraction from a good, thorough review of technical analysis (and not really Dr. Elder's fault), but for those looking for current, computer-based, short-term-trading strategies, you may wish to buy something more updated, using Dr. Elder's book as more of a general reference.

14 of 15 people found the following review helpful:

4.0 out of 5 stars A very useful step-by-step guide to trading, August 13, 2007

By 

Y. D. MEDEIROS (RS, Brazil) - See all my reviews
(REAL NAME)   

This review is from: The Complete Trading for a Living: The Legendary Approach to Trading with the Companion Study Guide (Hardcover)

This book is brilliant. Mr.Elder has a very clear and objective style of thinking and writing. He doesn't want to be a market guru. He reveals that there is no mistery, no magic, no secrets to become a professional trader. Everything is explained and cleared before starting the technical lessons. Individual and mass psychology, technical analysis, indicators, risk management (the best insight of the book).

I rated this 4 stars because I personally believe that Mr. Elder's book Come Into My Trading Room: A Complete Guide to Trading is better than this one. It took some years to him to write it and his on trading method has improved, althought it is still based on the triple-screen (described very deep on TRADING FOR A LIVING).

Hope it can be so useful to you as it is to me. I strongly recommend. It works for all markets.