The long awaited book The New Trading for a Living:
Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade
Management (Wiley; October 2014; Hardcover and e-book; $80;
ISBN: 978-1-118-44392-7)updates a modern classic, popular worldwide
among both private and institutional traders. In it, Dr. Alexander Elder
brings his time-tested concepts in gear with today’s fast-moving
markets, adding new tools and techniques for the modern trader.
The New Trading for a Living teaches a calm and disciplined
approach to the markets. It emphasizes risk management along with
self-management and provides clear rules for both. It provides templates
for rating stock picks, creating trade plans, and testing one’s
readiness to trade.
All charts in this book are new and in full color, with clear comments
on rules and techniques. The clarity of this book’s language, its
practical illustrations and generous sharing of the essential skills
have made it a model for the industry – often imitated but never
duplicated. Both new and experienced traders will appreciate its
insights and the calm, systematic approach to modern markets.
The New Trading for a Living expands upon the original to become
an even more valuable resource, exploring how to:
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Overcome barriers to success and develop stronger discipline
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Identify asymmetrical market zones , where rewards are higher and
risks lower
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Master money management as you set entries, targets and stops
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Use a record-keeping system that will make you into your own teacher
Successful trading is based on knowledge, focus, and discipline. The
New Trading for a Living will lift traders’ skills to a higher level
by sharing classic wisdom along with modern market tools.
To help readers test their trading knowledge and skills – without
risking any money - Dr. Elder has created a companion volume The
Study Guide for The New Trading for a Living. A person may read
the best trading book, but how much of that knowledge will he or she
retain a week later? This Study Guide for The New
Trading for a Living will help readers get a firmer grasp of the
essential trading rules and skills.
The Study Guide’s 170 multiple-choice questions are divided
into 11 chapters, each with its own rating scale. They cover the entire
range of trading topics, from psychology to system design, from risk
management to becoming an organized trader. Each question is linked to a
specific chapter in the main book, while the Answers section functions
like a mini-textbook. This Study Guide also contains 17
charts that challenge readers to recognize various trading signals and
patterns.
The New Trading for a Living and The Study Guide for
The New Trading for a Living are valuable resources for any
trader who wants to achieve sustainable market success.
Contact the publicist:
Melissa Connors
Publicity Manager
mconnors@wiley.com
201-748-6834