📚 Who is Alexander Elder?
When psychology meets the art of trading, one name stands out clearly: Alexander Elder. A former psychiatrist who emigrated from the Soviet Union to the United States, instead of settling for a career in medicine, he decided to enter the world of financial markets through the broadest doors.
Elder was not just a successful trader; he was a thinker in market behavior and the first to integrate psychology, technical analysis, and capital management into a comprehensive framework. His deep insight into the psychology of traders made him one of the most prominent authors in this field.
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📗 Book "Trading for a Living"
This book is considered one of the classics in the trading world and is still taught today in many specialized courses and programs.
The book not only teaches you how to read charts but also how to understand yourself first as a trader.
Key highlights include:
Principles of technical analysis in a simplified and profound manner.
Understanding market behavior and crowd psychology.
Strict rules for capital management.
The three-screen strategy: one of the strongest multi-timeframe trading systems.
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Elder does not just give you entry and exit signals; he teaches you how to become a professional trader who relies on himself, controls his greed and fear, and endures in the market over the long term.