Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance Editions)

Trading for a Living: Psychology, Trading Tactics, Money Management (Wiley Finance Editions) Customer Review: Excellent
This is the book that got me started in trading (I actually read the UK version, 'Financial trading') and it should be compulsory for beginning traders.

You will progress as a trader far quicker if you read this book, simply by avoiding the pitfalls that most of us go through and which are described in detail by Dr Elder.

While a fellow reviewer complained that 60% of the book is on technical indicators and that the author appears repetitive, I believe this helped me greatly (and probably helped that reviewer too). The reason I say this is because at the end of a comprehensive read of this book you have the fundamentals of trading (technical and psychological) absolutely drilled into your mind. Given Dr Elder's background as a psychiatrist it does not suprise me that he reinforces these concepts so often.

Unlike many average trading books that receive five stars this (and the author's other book, 'Come into my trading room') genuinely deserve maximum praise and both should be read before and during your trading career; independent or company supported.