Alexander Elder was born in 1951 in Leningrad. I moved with parents to Estonia later. There I graduated from the Tartusky medical university and I gained the diploma as a psychiatrist. In 22 years Alexander worked as the doctor at a vessel from which he ran away to the USA. According to someone else's documents Alexander Elder I got over to New York, there, where dreamed to get since the childhood. Having been granted political asylum, it began to work as the psychiatrist in New York and to teach at the Colombian university.
Having oriented in Wednesday absolutely new to, he became interested in operations on the stock exchange and started making investments in actions and options.
For today doctor Elder — the professional exchange trader, the owner and the director of own company Financial Trading Inc. which is one of the leading firms on training of stockbrokers. Here write special literature, develop the software, give lectures and seminars for all who wishes to learn market laws. Doctor Elder advises and conducts educational programs in the USA, Asia, Australia, Europe and in Russia.
His initial profession — psychiatry helped to understand the exchange Aleksandra Elder.
Its books help to deal not only with price schedules, they help to perceive more adequately the events at the exchange, whether you earn money or you are in a minus. Mental health is very important for work at the exchange as only the person with steady mentality there can achieve the real success.
Therefore doctor Elder also prefers the technical analysis to the fundamental. The last is a little interesting to it as, according to Alexander Elder the majority of important news "leaves a shadow" on schedules still before they become known in the market. The essence that the informed large players manage to make a number of transactions and it already starts being reflected in trading volumes and quotations. The knowing trader using the technical analysis, is capable to understand about what schedules signal it and therefore will react even before other players preferring to trace news.
Alexander Elder's main councils:
1 . To look for the broker with the minimum commissions.
2 . Develop the system of trade focused on rather rare transactions, and open them during the periods of low volatility.
3 . Business needs to be done by accurately made technique.
4 . To analyze the emotions.
5 . To get the diary of your exchange trade with justification of the reasons of opening and closing of transactions.
6 . For success it is necessary is economical to address with money. The professional exchange trader watches the capital. Don't risk all money! Risk small percent of the capital on each transaction.
7 . If you aren't sure, whether it is worth remaining in the transaction, remove profit and look at a situation with a fresh pair of eyes, from outside.
8 . The real professional exchange trader is unperturbable — both at a prize, and at loss.
9 . Success in trading can be achieved, only being engaged in it as serious business.
10 . Realize the bent to self-wrecking. It is necessary to be responsible for all consequences of the behavior including failure, instead of to complain of bad luck and to accuse others.
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