The New Trading for a Living by Alexander Elder (Author)

Publisher: MANAGEMENT SCIENCES

Availability: In Stock
SKU: 51545
Number of Pages: 304

Rs.690.00

Rs.995.00

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Description
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Description

"The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management" by Alexander Elder offers a comprehensive guide to mastering the complexities of trading in financial markets. Dr. Elder combines years of experience with practical insights into the psychological aspects, disciplined approaches, essential trading tools, risk management strategies, and effective trade execution methods required for success in trading.

Key Points:

Psychology: Understanding the psychological aspects of trading, including emotional control and decision-making under pressure, is crucial for consistent profitability.
Discipline: Maintaining strict discipline in following trading rules and strategies helps mitigate risks and enhances long-term performance.
Trading Tools and Systems: Proficiency in using technical analysis tools, chart patterns, and trading systems is essential for identifying opportunities and executing trades.
Risk Control: Implementing effective risk management techniques, such as position sizing and setting stop-loss orders, protects capital and minimizes losses.
Trade Management: Developing skills in trade execution, including entry and exit strategies, and adapting to market conditions optimizes trade outcomes and profitability.

Conclusion: "The New Trading for a Living" equips traders with the knowledge and tools necessary to navigate the volatile world of financial markets with confidence and competence. By focusing on psychology, discipline, trading tools, risk control, and trade management, Alexander Elder provides a robust framework for achieving sustainable trading success.

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Writer ✤ Alexander Elder (Author)

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