Dr. Alexander Elder
Alexander Elder, M.D., is a professional trader, living in New York. He is the author of "Trading for a Living" and the "Study Guide for Trading for a Living", considered modern classics among traders. First published in 1993, these international best-sellers have been translated into Chinese, Dutch, French, German, Greek, Japanese, Korean, Polish, and Russian.
He also wrote "Rubles to Dollar"s (a book about the transformation of Russia) and Come into my my trading room in 2002.
Dr. Elder was born in Leningrad and grew up in Estonia, where he entered medical school at the age of 16. At 23, while working as a ship’s doctor, he jumped a Soviet ship in Africa and received political asylum in the United States. He worked as a psychiatrist in New York City and taught at Columbia University. His experience as a psychiatrist provided him with a unique insight into the psychology of trading. Dr. Elder’s books, articles, and software reviews have established him as one of today’s leading experts on trading.
Books by Alexander Elder:
Come Into My Trading Room
A Complete Guide to Trading (Hardcover)
Elder 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.
Trading for a Living
Psychology, Trading Tactics, Money Management
A Complete Book of Trading educates the novice and fortifies the professional through expert advice and proven trading methodologies. This comprehensive trading guide provides a complete introduction to the essentials of successful trading; a fresh look at the three M's, including a proven, step-by-step money management strategy; and an in-depth look at organizing your trading time. A Complete Book of Trading reviews the basics of trading stocks, futures, and options as well as crucial psychological tactics for discipline and organization--with the goal of turning anyone into a complete and successful trader.
Study Guide for Trading for a Living
An eminent futures trader explores crucial factors in the markets that most experts overlook—time, volume and open interest—and describes little-known indicators to profitably track them. Covers all the popular technical approaches to futures, options and stock markets including Elliott Wave, oscillators, moving averages, Market Logic, point-and-figure charting. Explains why most traders sabotage themselves and how to avoid doing the same.
Rubles to Dollars: Making Money on Russia's Exploding Financial Frontier
The new book describes the potential for profiting by investing in post-Soviet Russia, although "if you have less than $100,000 to invest in Russia, you are pretty much limited to mutual funds" (the one he mentions, Lexington Dialog Troika, lost about 80 percent of its value in September 1998). Unfortunately, the Russian market has collapsed since he finished writing. The first half of the book describes Russia's investment environment, which while entertaining seems misleading in many places. The second half describes Russian financial instruments and is more useful, providing a summary difficult to find elsewhere. Recommended only for academic libraries with an interest in the Russian economy.