Trading for a Living - Elder Alexander
Soviet-born author and practicing psychiatrist Elder (director, Financial Trading Seminars, Inc.) shares his learning over the years as a professional trader and expert in technical analysis and his principle of understanding the three Ms (Mind, Method, Money), which will strengthen the discipline required to be successful in trading. He explores crucial factors in the markets that most experts overlook, including time, volume, and open interest, and describes little-known indicators to track them profitably. In addition, he covers many of the more technical approaches to investing in futures, such as factoring in the meaning from the Elliott Wave, oscillators, moving averages, Market Logic, and point-and-figure charting. His unique viewpoints in this overly saturated genre explain his particular view that most traders sabotage themselves, while offering tips for others to avoid doing the same. The narration by Richard Davidson soundly guides the listener through this highly specialized work that, although first published seven years ago, remains recommended for university libraries supporting a finance and business curriculum.

The author, a psychiatrist, talks about how human nature intersects with the investment world. Narrated with over-the-top gravitas start to finish, the program warns the listener to keep a close eye on emotion and to do the homework required to understand the many variables in the market. The author's knowledge of technical trading methods is also outstanding, and he is most effective when blending this expertise with his insights about human nature. Presenting the big picture without over-simplifying, he helps serious students stand back from the fray when making investment decisions. This title is an outstanding integration of the technical language of economics and the language of emotion familiar to a broader range of listeners.

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