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Trading for a Living

Elder, Alexander

Elder explains several indicators, the psychology of trading, money management and the importance of trading systems in a very straight-forward and simple manner. This is a great book for beginners, and those wishing to refine their trading methods. Elder’s premise is that successful trading is based on three M’s: Mind, Method, and Money. Traders tend to underestimate the importance of individual psychology and money management – much to their detriment. All three components are necessary in order to trade successfully.

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Trading For A Living

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