ISBN:0471225347Book Description
The trading bible for the new millennium
In A Complete Book of Trading, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr. Elder takes readers from the fundamentals to the secrets of being a successful trader--identifying new, little known indicators that can lead to huge profits.
A Complete Book of Trading educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. A Complete Book of Trading reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization--with the goal of turning anyone into a complete and successful trader.
By showing traders how to combine the elements of mind, method, and money, A Complete Book of Trading gives readers the knowledge and insight to enter the market with confidence and exit with profits. Unparalleled depth and a wide range of coverage will keep all levels of traders engaged, informed, and returning to A Complete Book of Trading again and again.
Dr. Alexander Elder (New York, NY) is a professional trader, technical analysis expert, and practicing psychiatrist. He is the founder of Financial Trading Inc., providing intensive trading camps to traders all over the world. Elder's first book Trading for a Living (Wiley: 0471592242) and the companion study guide have sold over 160,000 copies./p>
Reviews From AMAZON.COM
Investor's seal of approval
I got this book for my dad for his birthday and he loves it. He's been investing and playing the stock market for over a year, and he says that this is one of the best books he's read on this topic. Highly recommended!
Good for beginners and intermediate level investors.
This is a very useful book to introduce the concept in planning and strategy level. A common mistake in margin trading from the beginners is too much orders on hand. Dr. Alexander Elder demonstrates a good way to show the rules. The plan of how to allocate the capital and limit the potential risk when the market trend goes to opposite direction is very important. I would highly recommend this book to the beginners in margin trading.