Trading for a Living

Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance) author: Dr. Alexander Elder rating: ASIN or ISBN-10: 0471592242 binding: Hardcover list price: £47.50 GBP amazon price: £47.11 GBP

Let's review what you could spend £50 on. Here is list of deals on Amazon:

1. Agfaphoto AF5076MS 7 - £49.99 for a 7inch frame that is really good value!
2. Wahl James Martin Steam N Lean Health Grill, Silver / Black - A healthy grill for just £43.82,
3. Waring WMM001U Martini Mixer - Right it is a little more than £50 but it mixes Martini.

Clearly there is many good ways to spend your £50. However what if you could turn this £50 in more money. Wouldn't that be great? You could buy the Martini mixer and the Martini! This actually could be the best possible way to spend £50.00 (the book not the Martini mixer; please pay attention).

Worse case you won't understand the book and won't go waste money on the stock market (just that is worth the £50 trust me). Best case you might actually get something out of the book and make some money on the stock market (finally).

The book covers the psychology of the commun traders, various trading tactics and money management strategies. It covers in details many technical indicators (part of trading tactics) which I am putting in place using Qtstalker (an open source technical analysis software). This was for me the most valuable part by far. I am still going through the study guide; clearly I will have to read the book a third time.

You should definitely buy the study guide. It is really great. You will be able to test your knowledge and understanding of the topics covered in the book. That is when you realize how little the mortals like us understand about the stock market.

Please buy a couple of boxes of pain killer too. This is not an easy reading at all but well worth the pain!

Enjoy and good luck,

Marc.