The best-selling trading book of all time—updated for the new eraThe New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.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 world’s best-selling trading book (17 languages)
Dr. Alexander Elder’s journey from psychiatry to tradingshowcases the profound impact of psychological understanding on financialsuccess. His innovative strategies, such as the Triple Screen Trading Systemand the Elder-Ray Indicator, have equipped traders with tools to navigate thecomplexities of the alexander elder market. Through his educational initiatives and enduringinfluence, Dr. Elder continues to shape the landscape of trading, empoweringindividuals to achieve financial independence. His books, including The New Trading for a Living are international bestsellers among private and institutional traders, translated into 17 languages. In 1988, Dr. Elder founded Elder.com, initially known asFinancial Trading Seminars, to provide education for serious traders. Thecompany has achieved significant milestones under his guidance, includingproducing webinars and ebooks for traders.
Alexander Elder
They provide a rich stream of market commentary and educational features, answer questions from Members and share their own trades. Take your trading to the next level by joining Dr. Elder’s private webinars, or watch professionally produced videos with Dr. Elder and other masters. «You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody. This is the life of a successful trader.»
- Dr. Alexander Elder’s journey from psychiatry to tradingshowcases the profound impact of psychological understanding on financialsuccess.
- In the harsh world of trading there exists an island of intelligence, kindness and sharing – SpikeTrade.
- It emphasizes risk management along with self-management and provides clear rules for both.
- Dr. Elder is also the originator ofTraders’ Camps—week-long classes for traders—and the founder of SpikeTrade, aworldwide group of traders.
- They provide a rich stream of market commentary and educational features, answer questions from Members and share their own trades.
Welcome to a unique community of serious traders
This psychological insight becamea cornerstone of his trading philosophy, influencing his strategies andteachings. In the harsh world of trading there exists an island of intelligence, kindness and sharing – SpikeTrade. Our members help each other become better traders by sharing trading ideas and other information.
Alexander Elder’s Followers (
Dr. Elder is also the originator ofTraders’ Camps—week-long classes for traders—and the founder of SpikeTrade, aworldwide group of traders. His books, including The New Trading for aLiving, have been translated into 17 languages and are internationalbestsellers among private and institutional traders. Dr. Alexander Elder’s multifaceted career exemplifiesresilience, innovation, and a relentless pursuit of knowledge, making him arevered figure in the world of trading and investing.
- This psychological insight becamea cornerstone of his trading philosophy, influencing his strategies andteachings.
- Our members help each other become better traders by sharing trading ideas and other information.
- Upon settling in New York City,he practiced psychiatry and taught at Columbia University, leveraging his medicalexpertise to delve into the psychological aspects of trading.
- At 75, he remains actively involved in educatingtraders through his proprietary Traders’ Camps and the SpikeTrade group, wherehe mentors aspiring traders and seasoned professionals alike.
Our members help each other become better traders by disclosing trading ideas and other information. Their trades are open to all Members, allowing you to follow their reasoning, ask them questions, and track their picks and orders in real-time. In addition to a wealth of knowledge he brings a great personal warmth and teaching ability. Whether your meeting is designed for billion-dollars money managers or retail brokerage clients, Dr. Elder will engage and energize your group. At 16, he began medical studies in Estonia, and by 23, whileserving as a ship’s doctor in Africa, he defected from the Soviet Union,seeking political asylum in the United States. Upon settling in New York City,he practiced psychiatry and taught at Columbia University, leveraging his medicalexpertise to delve into the psychological aspects of trading.
His emphasis on tradingpsychology, disciplined strategies, and comprehensive systems continues toguide traders worldwide. At 75, he remains actively involved in educatingtraders through his proprietary Traders’ Camps and the SpikeTrade group, wherehe mentors aspiring traders and seasoned professionals alike. Dr. Elder’s background in psychiatry provided him with aunique perspective on the psychological challenges traders face. He emphasizedthe importance of understanding one’s emotions, maintaining discipline, anddeveloping a structured approach to trading.