Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management (Paperback)

by Dr. Alexander Elder (Author) "The battle for trading profits is won or lost inside your head..." (more)
Key Phrases: computerized technical analysis, open interest shows, two answers right, New York, Bear Power, John Wiley (more...)

Editorial Reviews

Product Description
An eminent futures trader explores crucial factors in the markets that most experts overlook—time, volume and open interest—and describes little-known indicators to profitably track them. Covers all the popular technical approaches to futures, options and stock markets including Elliott Wave, oscillators, moving averages, Market Logic, point-and-figure charting. Explains why most traders sabotage themselves and how to avoid doing the same.

From the Publisher
An eminent futures trader explores crucial factors in the markets that most experts overlook--time, volume and open interest--and describes little-known indicators to profitably track them. Covers all the popular technical approaches to futures, options and stock markets including Elliott Wave, oscillators, moving averages, Market Logic, point-and-figure charting. Explains why most traders sabotage themselves and how to avoid doing the same.

Product Details

• Paperback: 208 pages
• Publisher: Wiley; 1 edition (March 8, 1993)
• Language: English
• ISBN-10: 0471592250
• ISBN-13: 978-0471592259
• Product Dimensions: 8.8 x 5.8 x 0.6 inches
• Shipping Weight: 9.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars See all reviews (9 customer reviews)
• Amazon.com Sales Rank: #30,014 in Books (See Bestsellers in Books)

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  #51 in	Books > Business & Investing > Investing > Options
  #67 in	Books > Business & Investing > Investing > Futures

Customer Reviews

Most Helpful Customer Reviews

57 of 58 people found the following review helpful:

5.0 out of 5 stars sharpened my trading tools and exposed my blind spots, October 29, 1998

By A Customer

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!

42 of 44 people found the following review helpful:

5.0 out of 5 stars One of the best investments on your way to be a good trader, March 23, 1998

By A Customer

After you done with reading of the Dr. Elder's book "Trading for a Living", please, go through the exercises you'll found in his Study Guide. Without it your work will be incomplete. You'll get a better understanding of the base trading principals that make you investment and trading successful.

65 of 71 people found the following review helpful:

5.0 out of 5 stars Time is $$$. Study this book to make $$$ out of your time., April 6, 1999

By	Scott Gardner "Mac Consultant & Web Developer" (Central IL) - See all my reviews (REAL NAME)

If you've read Magee & Edwards, congratulate yourself (not too much), then READ THIS BOOK! The focus of Trading for a Living is 3-part (as the title suggests): 1. Psychology - individual vs. group; loser vs. winner. 2. Money Management - he who loses less gains more. 3. Indicators and Systems - you may shed tears of joy at Dr. Elder's efficient explanations and abundant analogies to drive each point home. Trading for a Living is a practical, let's get down to it, who, what, when, where, why, and how book. -- One topical group not discussed is Level 2 NASDAQ and Time & Sales analysis. Any suggested readings on this would be greatly appreciated!