Best books by Alexander Elder

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Alexander Elder is a well-known professional trader, consultant and stock trading expert. Author of numerous articles and books on the subject. Published in 1993, Elder's work en titled "How to play and win on the stock exchange" became an international bestseller (translated into 12 languages) and went through several editions. In the professional environment, the book received great recognition. But this is not the only work of a trader that is worthy of attention. The article will present the best books of Alexander Elder. So let's get started.

How to play and win on the stock exchange

This most popular work of a trader has already been mentioned above. According to Elder, success in the stock game depends on three factors: methods, psychology, and risk control. At the beginning of the book, Alexander shows that the keys to success lie in psychology. The trader teaches how to develop discipline and avoid emotional traps. Then tells the algorithmfinding profitable deals using charts, computer indicators and other analysis tools. Based on this information, readers will be able to develop their own system by combining different methods. And in the end, Elder will teach you how to properly manage funds on a brokerage account.

Being a successful trader, Alexander not only reveals the secrets of his skill, but also offers 200 exchange problems with solutions. Trading methods on futures, stock, currency and other markets are presented in a very accessible form. Readers will learn how to achieve success in the stock market, save money during failures and significantly increase capital on profitable trading sessions. Few books on trading can teach such things. Let's move on.

Trading with Dr. Elder

In this work, Alexander interprets the three factors of success (methods, psychology, risk control) much broader than in the bestseller described above. Elder reveals the secrets of time management, money management, teaches trading strategies and helps traders exit trades with profit.

The process of reading a book can be compared to visiting a doctor's personal office. As if you are sitting in a chair, and Alexander gives instructions that will be equally useful for both beginners and professionals. The author tells traders how to analyze all stages of a trade based on the key concepts presented in the publication.

Alexander Elder's book will help you master everything you need to make a profit in the financial markets: placing stop losses, tradingsystems, risk management, technical indicators, psychology of the crowd and the stock trader. It contains specific instructions for the organization of work in the market and the maintenance of accounts. By fixing on paper (or in a computer text editor) their profitable and losing trades, everyone will be able to learn not only from victories, but also from defeats. The diaries of six transactions given by the author will allow you to see the course of his thoughts and understand the algorithm for making decisions about selling or buying.

The edition of this book also includes a problem book with one hundred questions with detailed answers. Each of them is tied to a specific chapter and allows readers to determine the current level of knowledge before trading on the exchange. And scales for self-assessments will show the degree of mastering the key aspects of trading.

Fundamentals of stock trading

This book by Alexander Elder examines the work in the financial markets from the very basics to the professional level. Describes in detail about the construction of indicators. Alexander pays special attention to the interpretation of the market from the standpoint of the psychological interaction of traders. The doctor also introduced the "Three Screens" system.

This trading book perfectly describes what goes on in the mind of a trader and how he solves the problems that arise in front of all market participants. Therefore, it is worth taking all the ideas listed in it and adapting them to your own trading style.

Trading. First steps

This book by Alexander Elder is more aimed at beginners. If you apply enougheffort and become a professional, you can work and live in any country in the world. There will be no office routine and no reports to the boss. But many beginners see trading in the financial markets only as an external attraction and do not realize what hard discipline and hard work the exchange requires.

Elder's book "Trading: First Steps" addresses the key questions: "Who can become a successful speculator?" The materials of the publication will help readers evaluate their makings of trading in financial markets. If they are revealed, then you can confidently enter the exciting world of exchange transactions.

Entries and Exits: 15 Master Classes from Professional Traders

The name says it all. The book presents the stories of fifteen traders. Each stock trader talks about two of his transactions: profitable and unprofitable. Well, Elder himself comments in detail on their entries and exits.

And this is not a lecture style, but a clear demonstration of decision-making by professionals. The publication will be useful for both beginners and established traders.

How to take profits, limit losses and profit from falling prices

This is one of the last books by Alexander Elder. Feedback from readers about it is very positive. The publication is dedicated to opening a short position (short sale) and closing a deal (sale). Any professional trader should know exactly when to end a trade.

Short selling allows you to make money on falls. And this is an extremely important skill in times of instability and crises. If a trader knows how to sell short, then he practically doubles his chances of success.