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Rating  - A book for two audiences
The first audience that will find this book useful consists of those new to trading. Elder provides a good overview of technical analysis, with chapters on charting, trendlines, patterns, and some well-known indicators such as MACD, momentum, Stochastics, RSI, etc. He doesn't overwhelm the reader with information and he also provides trading rules.
The second audience, people who have been trading a while and who have survived long enough to know they need to find out some more about psychology, probably won't find those chapters as interesting. But his chapters on psychology, both individual and mass psychology, are very helpful. He identifies what makes a winning versus losing trader and his chapter on risk management is outstanding. He discusses emotion and probabilities, money management, and how the professional trader must look for quality before money. One thing he stresses is that you must learn from your trades--the trade isn't over when the position is closed out. This constant study is what will help you change and improve. He also writes in an easy to understand manner. The only reason I gave this four stars and not five is that this information is that the book is very expensive for what it contains.
Rating  - A trading book that does not offer much
I bought this book 7 years ago when it was one of the bestsellers in the trading book catergory and I am suprise to see today that its still one of the best sellers.
Serious, I don't think I really get a lot out of this book and I don't understand why people are so crazy about it?? One reason I can think of, maybe it is a good book for absolute beginners who has no idea about trading what so ever.
But if you want to learn more about trading, ie. the skill to use, the way to manage your money. You will be very disappointed. Throughout the years, I read a lot of trading books which offer way more than this one.
Rating  - Trading for a living
This is definitely a classic for all time.I wished I had read this book 10 years ago...
Rating - Great for beginners and intermediate traders
This is a great book. Elder covers the psychology of trading and crowd behavior, risk management, and technical analysis. Written for the novice and intermidiate level trader, its all in this book.
Rating - This is a very useful book. ait contains lot of information that you don't want to miss
This is a very good book. There is lots of bright ideas in it. You want to read it many times to take advantage of it completely. After you read this book. Read " What I Learned Losing a Million Dollars"What I Learned Losing a Million Dollars. This is also a great book that you can't afford missing it. You will be able to get prepared for trading successfully after finish reading both books. Best luck trading to everyone.
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Books : Trading for a Living: Psychology, Trading Tactics, Money Management Customer Reviews
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