The New Trading For A Living By Dr. Alexander Elder (Paperback)

"The New Trading for a Living" is a bestselling trading book that has become a modern classic, widely appreciated by both individual and institutional traders around the world. This updated and expanded edition brings time-tested concepts into alignment with the fast-moving markets of today, offering new studies and techniques for the modern trader.

The book advocates for a calm and disciplined approach to trading, emphasizing the importance of risk management and self-management. It provides clear rules for traders to follow and focuses on developing an effective trading system. The updated edition includes templates for rating stock picks, creating trade plans, and assessing one's own readiness to trade.

Key features of "The New Trading for a Living":

1. Risk Management: The book stresses the significance of managing risks in trading, helping traders protect their capital and make prudent decisions.

2. Modern Market Tools: The revised edition includes new studies and techniques that align with the fast-paced nature of today's markets, making it relevant for contemporary traders.

3. Colorful Charts and Clear Comments: All charts in the book are in full color, accompanied by clear comments on rules and techniques, making it easier for readers to grasp the concepts.

4. Knowledge and Discipline: Successful trading is based on knowledge, focus, and discipline. The book provides valuable insights and a systematic approach to navigating modern markets.

5. Money Management: The book helps traders set entries, targets, and stops while mastering money management techniques.

6. Record-Keeping: Establishing a record-keeping system is essential for traders to learn from their experiences and improve their skills over time.

"The New Trading for a Living" has been praised for its clarity of language, practical illustrations, and generous sharing of essential trading skills. It has become a model for the industry and is appreciated by both new and experienced traders alike. By blending classic wisdom with modern market tools, this book elevates traders' understanding and performance, making it a valuable resource for anyone seeking success in the trading world.