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 enlarge | Author: Alexander Elder
Publisher: Wiley
Category: Book
List Price: $75.00
Buy Used: $37.90
You Save: $37.10 (49%)
New (46) Used (36) Collectible (4) from $37.90
Rating:  190 reviews
Sales Rank: 3041
Media: Hardcover
Edition: 1
Number Of Items: 1
Pages: 289
Shipping Weight (lbs): 1.2
Dimensions (in): 9.1 x 6.3 x 1
ISBN: 0471592242
Dewey Decimal Number: 332.645
EAN: 9780471592242
ASIN: 0471592242
Publication Date: March 8, 1993
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Shipping: International shipping available
Condition: * Item in good condition- Typical Used Book and at a great price! * We carefully inspected this * Great customer service * Satisfaction Guaranteed!
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| Customer Reviews:
 Great for beginners and intermediate traders July 15, 2008
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.
This is a very useful book. ait contains lot of information that you don't want to miss June 17, 2008
1 out of 2 found this review helpful
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.
Brutally Honest June 15, 2008
2 out of 2 found this review helpful
A very good book or tape to listen too if you are new to the stock market. Brutally honest and pulls no punches as he explains that the market is a minus sum game designed to take no prisoners. If you are a novice trader than you will benefit from his sage advice.
 Largely A Fairy Tale May 31, 2008
1 out of 3 found this review helpful
"Trading For A Living" is basically divided in two main parts. Part one is focused on the psychology of the trader. It is pointed out that people come into this endeavor full of irrationalities. And some, even after they're wiped out, remain irrational about trading, and come back to lose all over again; this book states that most traders lose and wash out and this certainly is a big understatement.
The second part deals with the technical aspects of trading. Strategies and money management are covered. You won't find the pot of gold here, but it raises one or two critical points that you might develop further with lots of hard work and research. The book is missing the very important topics of win ratio, profit margin and sample size on trading systems. If you want to study and learn technical analysis you better go somewhere else because this book lacks some important details. On the positive side, technical indicators are given ample coverage - but my personal experience with indicators is that they are close to being useless, I'm convinced that they carry no forecasting value. "Trading For A Living" is not going to teach you how to produce profits so you can make a living from trading. That's not what it's about. I saw no proof in this book that the author could make a living off of trading.
 Good Overview May 19, 2008
1 out of 1 found this review helpful
This book gives an overview of investing.
3 M's are covered: Mind, Method, Money (management)
Mind: Individual, Mass Psychology of Investing, and Gurus
covered. The part using the analogy of Alcoholics Anonymous
seems unnecessary.
Method: Basically, Technical Analysis. It's covers major
indicators. Author doesn't seem to believe in Elliot Wave
and Fibonacci (not coveered).
Money: Basically, it's saying "don't risk the whole wad" and
buy little by little. I do feel when the opportunity arises, you
can risk more. Otherwise, you may 'play for long time' but when you
get rich, you're already 80.
Not for the absolute beginner unless you also have other
books or mentors to help you.
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