Alexander Elder – 3 Methods of Successful Trading

Author: Alexander Elder

Alexander Elder, M.D., is a professional trader and a teacher of traders. He is the author of Trading for a Living, considered a modern classic among traders. First published in 1993, this international best-seller has been translated into more than a dozen languages and is being used to educate traders around the world. His Entries & Exits: Visits to 16 Trading Rooms was named a 2007 SFO Magazine Book of the Year.

Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship’s doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with unique insight into the psychology of trading.

3 Methods of Successful Trading

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How to understand about technical analysis: Learn about technical analysis

In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
Behavioral economics and quantitative analysis use many of the same tools of technical analysis, which,
being an aspect of active management, stands in contradiction to much of modern portfolio theory.
The efficacy of both technical and fundamental analysis disputed by the efficient-market hypothesis. Which states that stock market prices are essentially unpredictable.

In the last Article , we had seen an Introduction to trading

I will give brief introduction of each of it , Its your responsibility to take it further and learn it in detail . take this as just a starting point .