Alexander Elder is a brand that specializes in financial education, offering books, courses, and software to help traders and investors improve their skills and profitability. The brand is founded by Dr. Alexander Elder, a professional trader and former psychiatrist who developed a unique approach to trading that emphasizes psychology, risk management, and technical analysis.
- Alexander Elder started trading stocks in the mid-1960s while still a medical student
- In the 1980s, he left his psychiatric practice to become a full-time trader and educator
- He wrote several best-selling books on trading and investment, including 'Trading for a Living' and 'Come Into My Trading Room'
- He developed the Trading for a Living and Elder-Ray indicators and created the SpikeTrade platform for traders
- He founded the Elder.com website to offer courses, software, and trading tools to investors and traders
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StockCharts is a technical analysis and charting platform that provides tools and resources for traders and investors. It offers a wide range of chart types, indicators, and overlays, as well as scanning and alert features. It also has a library of educational articles and webinars.
A best-selling book that provides a comprehensive guide to trading and investing, covering psychology, risk management, technical analysis, and trading systems. It includes practical examples and exercises to help readers apply the concepts to their own trading.
Another best-selling book that focuses on the psychology of trading, including emotions, biases, and discipline. It also covers market analysis and trading tactics, with case studies and examples.
A trading platform that provides real-time trade signals based on the Elder Impulse System and other indicators. It also includes a community of traders who share ideas and strategies, as well as mentoring and coaching services.
A package of technical analysis and trading tools, including the Trading for a Living software, the Elder-Ray indicator, and various charting and analysis tools. It also includes video and audio tutorials and live webinars.
Alexander Elder's trading philosophy emphasizes three key factors: psychology, risk management, and technical analysis. He believes that successful trading requires a disciplined mindset, a comprehensive understanding of the risks and rewards, and a solid knowledge of chart patterns and indicators.
The Elder Impulse System is a technical analysis indicator that combines several indicators to identify buy and sell signals. It is based on the premise that trends are stronger if accompanied by volume and momentum. The system consists of the impulse line, which shows the direction of the trend, and the histogram, which shows the momentum.
Alexander Elder's books are reasonably priced, with most of them costing around $20-30. His courses and software are more expensive, with prices ranging from a few hundred dollars to several thousand dollars. However, many traders and investors find the investment worth it, as the education can pay off in improved trading skills and profitability.
Yes, Alexander Elder's materials are suitable for beginners as well as experienced traders. His books provide a comprehensive introduction to trading and cover the basic concepts, while his courses and software offer more in-depth knowledge and practical training. He also offers mentoring and coaching services for personalized support.
Alexander Elder's software, such as SpikeTrade and Elder-disk, are designed specifically to incorporate his proprietary trading systems and indicators, such as the Elder Impulse System and the Elder-Ray indicator. They also provide access to his educational resources, such as video tutorials and webinars. Other trading platforms, such as MetaTrader or Thinkorswim, offer a wider range of features and tools but may not incorporate Elder's methods and strategies.