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The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)
Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.
The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)
Item #: 9397009

The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)

Item #: 9397009

€ 56

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Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.
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What Stands Out

Comprehensive Approach
Combines essential elements of trading psychology, discipline, and risk management, providing a holistic guide for both novice and experienced traders to enhance their trading skills effectively.
Practical Tools
Offers practical trading tools and systems that facilitate strategy implementation, helping traders to make informed decisions and optimize their trading processes in varying market conditions.
Expert Insights
Written by acclaimed experts, it delivers valuable insights into behavioral finance, empowering traders to build mental resilience and disciplined approaches for sustained trading success.

Product Details

Discover the secrets of successful trading with 'The New Trading for a Living' book. Improve your psychology, discipline, trading tools, risk control and trade management. Purchase now at Ubuy, your Ireland.
  • Revised and expanded edition of the best-selling trading book of all time
  • Teaches a calm and disciplined approach to the markets with emphasis on risk management
  • Includes templates for rating stock picks, creating trade plans, and rating readiness to trade
  • Features new full-color charts with clear comments on rules and techniques
  • Provides insights and a systematic approach to modern markets for both new and experienced traders
  • Helps overcome barriers to success, develop stronger discipline, and master money management
Publisher Wiley
Publication date October 27, 2014
Edition 1st
Language English
Print length 304 pages
ISBN-10 9781118443927
ISBN-13 978-1118443927
Item Weight 1.98 pounds (900 grams)
Dimensions 7 x 0.9 x 9.9 inches (17.8 x 2.3 x 25.1 cm)

Who Should Buy?

Suitable For
  • Aspiring Traders

    Individuals looking to start trading will gain essential knowledge on psychology and risk management.

  • Current Traders

    Experienced traders can refine their strategies and improve emotional discipline to enhance trading performance.

  • Self-Disciplined Learners

    Those who value structured learning will benefit from well-defined tools and systems presented in the book.

Not Suitable For
  • Seasoned Professionals

    Experienced traders may find fundamental concepts redundant for their advanced trading strategies.

Product Description

The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)

Have any Query? Chat with us

Customer Questions & Answers

  • Question: What topics does 'The New Trading for a Living' cover?

    Answer: The book covers essential topics such as psychology, discipline, trading tools and systems, risk control, and trade management. These elements are crucial for anyone looking to improve their trading strategies and maintain a disciplined approach. It provides insights into the mental aspects of trading and strategies to manage emotions, which can greatly affect trading decisions.
  • Question: Who is the author of 'The New Trading for a Living'?

    Answer: 'The New Trading for a Living' is authored by Dr. Alexander Elder, a well-respected figure in the trading community. His expertise in psychology and trading systems provides readers with a comprehensive understanding of the market. Dr. Elder's unique perspective combines psychological insights with practical trading advice, making it valuable for both newcomers and experienced traders.
  • Question: How can this book help improve my trading discipline?

    Answer: The book emphasizes the importance of discipline in trading, offering techniques to develop a disciplined mindset. By outlining strategies for consistency and emotional control, it guides traders on how to stick to their plans even during challenging market conditions. Learning to adhere to strict trading rules can ultimately lead to improved performance and better decision-making.
  • Question: What are the key trading tools mentioned in the book?

    Answer: Key trading tools discussed in 'The New Trading for a Living' include various indicators, charts, and trading systems that aid in decision-making. Understanding these tools helps traders analyze market trends and make informed trades. The book explains how to effectively utilize these tools to optimize trading strategies and enhance overall trading performance.
  • Question: Is 'The New Trading for a Living' suitable for beginners?

    Answer: Yes, 'The New Trading for a Living' is suitable for both beginners and experienced traders. It breaks down complex concepts into understandable segments, making it accessible for those new to trading. The foundational knowledge provided is ideal for building a strong trading background, while advanced tips benefit seasoned traders aiming to refine their strategies.
  • Question: What is the importance of risk control discussed in the book?

    Answer: Risk control is a fundamental theme in 'The New Trading for a Living' as it helps traders protect their capital. The book outlines various risk management strategies to minimize losses while maximizing potential gains. Implementing effective risk control measures ensures that traders can navigate market volatility without jeopardizing their financial stability.
  • Question: Can I apply the principles from this book to day trading?

    Answer: 'The New Trading for a Living' presents principles that are applicable to day trading, such as developing a strategy, understanding market psychology, and maintaining discipline. The techniques shared can help day traders make quick, informed decisions while managing risks effectively. The emphasis on psychological preparedness is particularly beneficial for the fast-paced nature of day trading.
  • Question: What are real-life applications of the trading systems mentioned?

    Answer: The trading systems outlined in the book can be applied in various market conditions. For example, readers can implement these systems in stock trading, forex, or options markets. By understanding and practicing the systems, traders can adapt them to their unique trading styles, thereby increasing their chances of success across different trading scenarios.
  • Question: How does psychology influence trading according to the book?

    Answer: The book highlights that psychology plays a critical role in trading success. Traders often experience emotions like fear and greed, which can lead to impulsive decisions. Understanding these psychological triggers is key to developing a disciplined approach to trading. Techniques shared in the book help readers recognize and manage their emotions to make rational decisions.
  • Question: Where can I buy 'The New Trading for a Living' in Ireland?

    Answer: You can purchase 'The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management Wiley Trading 1st Edition' from Ubuy in Ireland. Ubuy offers a convenient platform for buying this essential trading guide, ensuring you can start enhancing your trading skills promptly.

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