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Customer Reviews for: Trading for a Living: Psychology, Trading Tactics, Money Management

Rating 5 out of 5 - highly informative and entertaining
This review applies to the audio CD. This book stands out as perhaps the single best trading guide I've come across to date. It sounds great, and the author keeps things interesting from start to finish by inserting personal anecdotes and darkly humorous metaphors to emphasize his points, which are complimented nicely by the melodramatic delivery of the reader. Though the age of the written work shows (it repeatedly references antiquated trading tools such pencils, rulers, and telephones), nearly all the advice offered is still highly applicable in today's trading world. It tops my list of recommendations for beginning traders.

Rating 5 out of 5 - Complete
This is one book that everyone interested in trading should read. It gives excellent information about the proper mindset needed for successful trading. Then goes into a detailed explanation of the best TA indicators to use, how they work and rules on how to use them, well written just meat no fluff. Finally it finishes off with an excellent money management section. I have read many trading books but own only a few, this is one of them!

Rating 5 out of 5 - Good book for any trader
Very good read on trading in the markets. One of the best!

Rating 5 out of 5 - An Honest and Complete Look at Trading
I have a confession to make. I have been trading stocks since I was 13 years old. In between classes while my friends would head for the lavatories to smoke cigarettes, I would head to the pay phones to talk with my broker.

I am older now. Along the way, I have read many books on trading. This is, perhaps, one of the best. Dr. Alexander breaks the art and science of trading into three pillars:

* Psychology
* Market analysis and trading systems
* Money management.

The key to winning the trading game is to win the battle within your mind. Dr, Elder, himself a practicing psychiatrist, explains how to develop discipline and to avoid the traps caused by emotional trading.

Second, he shows how to identify good trades using charts and computerized indicators. In remarkably clear and concise language, he explains the indicators and how to combine them to develop your own trading system.

Finally, he discusses importance of money management. The successful trader manages risk. Dr. Elder lays down the rules for limiting it.

After reading this book, there is no doubt in my mind why this book has achieved the lasting success it has. All traders, both novices and experts, will benefit from reading it.

Rating 5 out of 5 - a masterpiece
This book is a masterpiece. When it describing the losers, I thought it was talking about me in person. Great book for a beginner. It gives you rules, just follow them, and you will be fine. Don't miss it, that's a free advise.

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Customer Reviews for Wiley,0471592242,9780471592242,0471592242,332.645

Books : Trading for a Living: Psychology, Trading Tactics, Money Management Customer Reviews

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