Study Guide for Trading for a Living. Psychology, Trading Tactics, Money Management.

Autoren

• Alexander Elder

Parameter

• Finanzen
• Ökonomie
• Sachliteratur
• Wirtschaft

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Successful trading relies on three M's: Mind, Method, and Money. This guide helps you master these areas by teaching you how to become a calm trader, profit from market behavior, and utilize technology to identify promising trades. You'll learn to develop a robust trading system, pinpoint trades with the highest success odds, and determine entry and exit points, set stops, and take profits. It emphasizes the importance of discipline in your mindset, effective trading methods, and sound money management to withstand losses without exiting the market. To enhance your understanding, a companion volume is available, featuring over 200 multiple-choice questions and 11 rating scales designed to sharpen your trading skills. For instance, one question addresses market dynamics, explaining that markets rise when buyers outnumber sellers, and how this reflects the ongoing struggle between bulls and bears. Understanding these principles is crucial, as every price change signifies the balance of buying and selling activity. Ultimately, this guide equips you with the knowledge and tools necessary to navigate the trading landscape successfully.

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• Sprache: Englisch
• Erscheinungsdatum: 1993