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  • Trading for a Living

  • Psychology, Trading Tactics, Money Management
  • By: Alexander Elder
  • Narrated by: Richard Davison
  • Length: 2 hrs and 58 mins
  • 4.5 out of 5 stars (164 ratings)

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Trading for a Living

By: Alexander Elder
Narrated by: Richard Davison
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Publisher's Summary

A hundred-thousand investors have turned to this best-selling guide for mastering successful trading by Dr. Alexander Elder, a professional trader, a world-classs expert in technical analysis, and a practicing psychiatrist. He believes that successful trading is based on three M's: Mind, Method, and Money. Trading for a Living helps discipline your Mind, shows you the Methods for trading the markets, and show you have to manage Money in your trading accounts.

Trading for a Living will help you master:

  • Individual pyschology: How to become a disciplined trader
  • Mass psychology: Know when to join the crowd and when to leave it
  • Classical charting: Identify support and resistance, place stops
  • The neglected essentials: Read volume, open interest, and time cycles
  • Psychological indicators: Profit from contrary opinion theory
  • Trading systems: Learn about the Triple Screen trading system
  • Risk management: All about stops and profit targets
    •
    ©1993 Alexander Elder (P)2000 Penton Overseas, Inc.
    Investing & Trading Personal Finance Elder Trading
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    What listeners say about Trading for a Living

    Average Customer Ratings
    Overall
    • 4.5 out of 5 stars
    • 5 Stars
      108
    • 4 Stars
      37
    • 3 Stars
      12
    • 2 Stars
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    Performance
    • 4.5 out of 5 stars
    • 5 Stars
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    • 4 Stars
      34
    • 3 Stars
      11
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    Story
    • 4.5 out of 5 stars
    • 5 Stars
      76
    • 4 Stars
      25
    • 3 Stars
      11
    • 2 Stars
      9
    • 1 Stars
      1

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    Audible.com.au reviews

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    • Overall
      5 out of 5 stars
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    Profile Image for Jayme

    a really good book. i learnt even more after my IP

    a really good book. i learnt even more after my IP course. highy recommend this to anyone. Mindset and emotions

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    2 people found this helpful

    • Overall
      4 out of 5 stars
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      4 out of 5 stars
    Profile Image for Anonymous User

    Important sections from the book are missing

    The things I found most poignant in the book didn't make it to the audio.

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    1 person found this helpful

    • Overall
      5 out of 5 stars
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    Profile Image for Anonymous User

    Great .. still relevant

    I found the explanation of market psychology very interesting . Good trade system ideas and risk management

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    • Overall
      4 out of 5 stars
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    Profile Image for Anonymous User

    Trade Management

    Overall it was a good listern if you are new to trading. Gives you basics in how the market operates and things you should know and things not to do when starting out.

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    • Overall
      4 out of 5 stars
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    Profile Image for Anonymous User

    review

    the only problem is sometimes it would been nice to have a picture of the charts or what talking about but a audio can't do that
    apart from that great book .

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    • Overall
      3 out of 5 stars
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      3 out of 5 stars
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      3 out of 5 stars
    Profile Image for Ali

    Pretty basic, general suggestions

    The author lists a number of recommendations without scrutinizing them in detail. Things that everybody knows, but its the details and reasoning behind trends and trading and how a trader may reflect to them that is improtant to me.
    In the end of chapter 3, he mentions some books, particularly on Fibonacci numbers, which I liked.

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    1 person found this helpful

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      1 out of 5 stars
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    Profile Image for sashko

    Outdated

    Some good ideas in here and some great turns of phrase but overall it's targeted to total beginning traders and makes a lot of outdated points

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    • Overall
      3 out of 5 stars
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      2 out of 5 stars
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      3 out of 5 stars
    Profile Image for Jason Willson

    Reasonable rule reinforcement

    I finished this book feeling a little disappointed. Was I looking for the shortcut to improving my trading? Probably. A point made by the book. It reinforced a number of practical points and good sense rules that you can find elsewhere... Don't expect silver bullets but some practical psychological advice; open mind and reflection required!

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    2 people found this helpful

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      2 out of 5 stars
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      1 out of 5 stars
    Profile Image for Catherine

    Over Promised

    I thought this book would be helpful to master your emotions while trading. Unfortunately it was of no help.
    I also thought there would be more of the authors story and you could glean insights from his experience. But no.
    The text is very absolute full of “shoulds” and “need to’s” I found this style tiresome and autocratic.
    Its very much aimed at technical traders and ignores the news and other fundamentals.
    I listened to about two thirds waiting for something but then it’s only 3 chapters long. So now I’m in search of a more informative book.

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    In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.