"Trading for a Living" is a comprehensive guide on how to succeed in the stock market by understanding market indicators and psychology, and developing a disciplined approach to trading.
The target group for the book "Trading for a Living" is individuals interested in stock trading, particularly those seeking to make it a primary source of income.
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Successful trading requires emotional control, self-analysis, risk management with a focus on long-term survival and growth over immediate profits.
Mass psychology significantly influences financial markets, and successful trading requires independence, emotional control, and understanding of crowd behavior.
Traditional chart analysis reveals the psychology of financial markets, enabling profitable trades by predicting trends based on investor behavior.
In the financial markets, computers and technical indicators are crucial tools that reveal market psychology, helping traders profit from crowd irrationality.
Incorporating time as a hidden dimension in market analysis can provide valuable insights and trading advantages.
Technical indicators like the New High-New Low Index, Traders' Index, Advance/Decline line, and Most Active Stocks indicator translate market behavior into signals for informed trading decisions.
Consensus and commitment indicators reveal market psychology, helping to identify extreme market conditions and potential reversals.
Elder-ray and Force Index are advanced technical indicators that provide insights into market dynamics by assessing the strength of bulls and bears and the force behind market movements.
Technical trading systems utilize multiple timeframes, indicators, trailing stops, channel-based strategies, and volatility-adaptive tools to enhance signal quality and maximize trading opportunities.
"Trading for a Living" by Alexander Elder is a comprehensive guide to the world of trading. It provides a deep understanding of the psychological, analytical, and tactical aspects of trading. Elder emphasizes the importance of discipline, patience, and risk management, and he provides practical strategies to help traders succeed. The book is a valuable resource for both beginners and experienced traders, offering insights into the mindset of successful traders and the tools they use to make informed decisions.
Alexander Elder is a professional trader and a recognized expert in stock trading, futures and options. He was born in Leningrad and grew up in Estonia, where he later entered medical school, before fleeing to the West.
Psycho-Cybernetics is a self-help guide that explores the concept of self-image as the key to achieving success and happiness. It provides techniques and principles for improving one's self-image and utilizing the power of positive thinking and visualization.
"Die Strategien der Turtle Trader" entführt Sie in die faszinierende Welt des Turtle-Tradings. Der Autor, Curtis M. Faith, war der erfolgreichste der Turtles und erzielte für Dennis mehr als 31 Millionen Dollar. Das Buch enthüllt die Details des Turtle-Trading-Systems, einschließlich seiner Regeln und deren Umsetzung. Es beleuchtet zudem die psychologischen Aspekte des Tradings und die Bedeutung des Vertrauens eines Traders in die Erwartungen des Systems.
'The Like Switch' reveals the strategies an ex-FBI Agent used to recruit spies and make friends out of foes and provides guidance on how to use that understanding for interacting with others, making friends and maintaining successful relationships.
"Tradingpsychologie" ist ein äußerst aufschlussreicher Leitfaden zur Psychologie des erfolgreichen Tradings. Das Buch begleitet dich auf dem Weg, die Denkweise eines Traders zu entwickeln, und zeigt häufige Fehler auf, die viele davon abhalten, ihre finanziellen Ziele zu erreichen.
