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Shvoong Home>Books>trading for a living Summary

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trading for a living

Book Review by: vitek     

Original Author: Alexander Elder
      An outstanding book for people aspiring to make a living out of financial markets. The author
reveals secrets of successful trading not only from technical, but also (it is crucial in my opinion), from psychological point of view.        Personally I am inclined more towards psychology of trading, and working of human mind, than of technical analysis, but also I am aware that some readers have more scientific and mathematical minds than I have, and those people would benefit immensely from the main body of this book which contains of chart analysis, computerized technical analysis, stock market Indicators and Trading Systems.     According to the author - successful trading in financial markets is not an easy task, however with proper understanding of its psychology, enough knowledge of market analysis and trading systems, self discipline, and also strictly enforced money management, anybody can make a profit in the long run.              I used to loose money on the markets, and at one point - all of them. After reading "Trading for a Living", and couple other books about trading, also rethinking my behavior and trading strategy, now I am again in the stock market for almost two years continuously. I don't consider myself a tremendous success, but this time I am not a looser, rather somewhat ahead in the game. I highly recommend this book if you struggle in the market, or think of entering money realm in order to make profit.
Published: December 23, 2007

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