| PRODUCT DETAILS | | Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio) |  | |
Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio)
Three compact disks -- approximate running time: 180 minutes. Helps to discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts. Will help you to master: individual psychology; mass psychology; classical charting; neglected essentials; psychology indicators; trading systems; risk management.
Manufacturer: Penton Overseas
Price Range: $11.55 - $18.95
 Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio)
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| User Reviews |  | Interesting point of view
rating: 5
I found this book very interesting. Author is a psychologist and analyses the market crowd's behavior from a psychological point of view. I read only 65 pages yet, but already have many interesting advices to use in my trading.
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great chapters on psychologie
rating: 5
The book has 3 parts, psychologie, technical analyses and moneymanagement. This is a great book for beginners with technical analyses, but an even better book for the parts on psychologie and money management witch are the basics for every trader. No matter how good youre system is, if youre mind and money management are not in balance you will loose anyway. A must reed for every trader imho.
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A book for two audiences
rating: 4
The first audience that will find this book useful consists of those new to trading. Elder provides a good overview of technical analysis, with chapters on charting, trendlines, patterns, and some well-known indicators such as MACD, momentum, Stochastics, RSI, etc. He doesn't overwhelm the reader with information and he also provides trading rules.
The second audience, people who have been trading a while and who have survived long enough to know they need to find out some more about psychology, probably won't find those chapters as interesting. But his chapters on psychology, both individual and mass psychology, are very helpful. He identifies what makes a winning versus losing trader and his chapter on risk management is outstanding. He discusses emotion and probabilities, money management, and how the professional trader must look for quality before money. One thing he stresses is that you must learn from your trades--the trade isn't over when the position is closed out. This constant study is what will help you change and improve. He also writes in an easy to understand manner. The only reason I gave this four stars and not five is that this information is that the book is very expensive for what it contains.
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A trading book that does not offer much
rating: 2
I bought this book 7 years ago when it was one of the bestsellers in the trading book catergory and I am suprise to see today that its still one of the best sellers.
Serious, I don't think I really get a lot out of this book and I don't understand why people are so crazy about it?? One reason I can think of, maybe it is a good book for absolute beginners who has no idea about trading what so ever.
But if you want to learn more about trading, ie. the skill to use, the way to manage your money. You will be very disappointed. Throughout the years, I read a lot of trading books which offer way more than this one.
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Trading for a living
rating: 5
This is definitely a classic for all time.I wished I had read this book 10 years ago...
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Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Audio)
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