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Item #:
1347254
Trading for a Living: Psychology, Trading Tactics, Money Management 1st Edition
Item #:
1347254
ETB 6456
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Trading for a Living helps you master all three areas essential to successful trading: Mind, Method, and Money
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What Stands Out
Psychological Insights
Explores the mental aspects of trading, helping traders understand and control their emotions, which is crucial for consistent success in volatile markets.
Proven Strategies
Offers actionable tactics and methods drawn from real-life trading experiences, allowing readers to implement effective strategies immediately for better performance.
Comprehensive Guidance
Covers essential money management techniques, empowering traders to safeguard their investments and make informed decisions, catering to both novices and experienced professionals.
Product Details
| Country of Origin | This item will be imported from US |
| Item Weight | 1 lbs (450 grams) |
| What is in the box | Trading for a Living:... For more details, please check description/product details |
Who Should Buy?
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Beginner Traders
Ideal for novice traders seeking foundational knowledge in psychology and practical strategies for trading success.
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Psychology Focused
Perfect for individuals interested in understanding the psychological aspects that influence trading behavior and decision-making.
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Risk Management
Beneficial for traders emphasizing strong money management techniques to minimize losses and maximize profits effectively.
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Advanced Traders
Experienced traders may find the content too basic and not sufficiently challenging for their advanced skills.
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Casual Investors
Individuals looking for quick tips or casual investment strategies may not fully benefit from the in-depth analysis.
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Theoretical Learners
Those who prefer theoretical approaches over practical tactics and psychology may not engage with the book effectively.
Product Description
Trading for a Living: Psychology, Trading Tactics, Money Management 1st Edition
Have any Query? Chat with us
Customer Questions & Answers
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Question:
What is 'Trading for a Living' about?
Answer: 'Trading for a Living: Psychology, Trading Tactics, Money Management' explores the critical aspects of trading, emphasizing the psychological mindset required for successful trading. The book highlights strategic trading tactics, effective money management practices, and the importance of emotional discipline. Readers gain insights into how psychology influences decision-making in trading, making it essential for both novice and experienced traders to understand the mental barriers they may face. -
Question:
Who is the author of 'Trading for a Living'?
Answer: 'Trading for a Living' is authored by Dr. Alexander Elder, a renowned trader and psychologist. His extensive experience in both trading and psychology brings a unique perspective to the book. Dr. Elder combines his knowledge to help readers understand market behaviors and trading psychology, offering valuable lessons from his decades of trading and teaching. -
Question:
What psychological concepts are discussed in the book?
Answer: The book discusses several key psychological concepts, such as self-discipline, emotional control, and overtrading. Dr. Elder emphasizes that a trader's mindset plays a significant role in their success or failure. By understanding personal emotions and biases, traders can develop strategies to combat negative thought patterns that may hinder their performance, ultimately leading to more effective trading. -
Question:
How does 'Trading for a Living' approach money management?
Answer: 'Trading for a Living' dedicates a significant portion of its content to money management principles. Dr. Elder proposes practical techniques for managing risk and capital allocation to protect trading assets. This includes setting stop-loss orders, calculating trade size, and understanding the importance of adhering to a well-defined trading plan, which helps traders minimize losses and maximize profits. -
Question:
Is this book suitable for beginner traders?
Answer: Yes, 'Trading for a Living' is very suitable for beginner traders. Dr. Elder introduces fundamental concepts alongside advanced strategies, making it accessible for all skill levels. Beginners will particularly benefit from the foundational trading principles and psychological insights that can help them build a solid trading framework and approach the markets with confidence. -
Question:
What kind of trading tactics are covered in the book?
Answer: The book covers a variety of trading tactics, including technical analysis, chart patterns, and trend identification. Dr. Elder explains these tactics in detail, providing actionable strategies that traders can implement in real-market situations. Whether you are day trading or engaging in long-term investments, the tactics discussed serve to enhance decision-making and improve performance. -
Question:
Does the book provide practical examples?
Answer: Yes, 'Trading for a Living' includes numerous practical examples to illustrate key concepts. Dr. Elder shares real-life trading scenarios, allowing readers to relate theoretical knowledge to actual market behavior. These examples promote understanding and retention of the strategies discussed, making them easier for traders to apply in their own trading experiences. -
Question:
Can the skills learned apply to various markets?
Answer: Absolutely! The skills taught in 'Trading for a Living' can be effectively applied across various markets, including stocks, commodities, and forex. Dr. Elder’s principles on trading psychology and tactics are universal, enabling traders to adapt and thrive in different market conditions. This versatility makes the book a valuable resource for anyone looking to enhance their trading skills, regardless of the market they operate in. -
Question:
How can I improve my trading psychology using this book?
Answer: 'Trading for a Living' offers several strategies for improving trading psychology. Dr. Elder encourages self-reflection and the development of a structured trading routine that incorporates emotional awareness. By identifying personal trading triggers and establishing clear guidelines for trading behavior, readers can build resilience against the emotional fluctuations that often accompany trading. -
Question:
Where can I buy 'Trading for a Living: Psychology, Trading Tactics, Money Management 1st Edition'?
Answer: You can buy 'Trading for a Living: Psychology, Trading Tactics, Money Management 1st Edition' on Ubuy in Ethiopia. Ubuy offers a convenient platform to obtain this informative book, ensuring you have access to valuable trading insights and strategies at your fingertips.
Budgeting & Money Management Editorial Review
Despite being an old book, "Trading in the Zone" by Mark Douglas still holds relevance in the trading world today. The book is a study guide focused on helping readers understand the mindset of traders based on price action, setting stops, defining risk per trade, and more. While some readers may find the book to be a long read, it is still regarded as a valuable resource that can be read over and over again.
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Pros
- Valuable resource for understanding trade psychology and setting stops
- Straight to the point and informative
- Great quality product and arrived on time
Cons
- Outdated for modern trading
Product Price History
Important information
- Limitations : For products shipped internationally, please note that any manufacturer warranty may not be valid; manufacturer service options may not be available; product manuals, instructions, and safety warnings may not be in destination country languages; the products (and accompanying materials) may not be designed in accordance with destination country standards, specifications, and labeling requirements; and the products may not conform to destination country voltage and other electrical standards (requiring use of an adapter or converter if appropriate). The recipient is responsible for assuring that the product can be lawfully imported to the destination country. When ordering from Ubuy or its affiliates, the recipient is the importer of record and must comply with all laws and regulations of the destination country.
- Not all the products listed on Ubuy are for sale, as Ubuy is a global search engine. Products are subject to export/trade regulations.
ETB 6456
Order now and get it around Monday, June 29
This item is not restrict in my country.(Please click on above link if this item is not restrict in your country, So our team will review and allow.)
QTY:
Secured transaction
Ubuy works hard to protect your security and privacy. Our advanced payment security system ensures confidentiality by encrypting your information during transmission using AES (Advanced Encryption Standards) and SSL (Secure Socket Layer) protocols. Your payment details are 100% secure as we do not share your payment details with third party sellers.
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Features & Benefits
- Master Mind, Method, and Money for successful trading
- Discipline your mind, learn to read market behavior
- Learn to use computer analysis to find good trades
- Develop a powerful trading system
- Find the trades with the best odds of success
- Discipline your money and learn to manage your trading accounts