The New Trading for a Living

“The New Trading for a Living” is a comprehensive guide for traders, offering insights into market trends, psychology, and strategies for successful trading. This book emphasizes a calm and disciplined approach to the markets, focusing on risk management, self-management, and clear trading rules.

The book covers essential topics such as trading psychology, understanding market dynamics and crowd behavior, technical analysis, risk control, and effective record-keeping. It provides practical strategies and techniques, supported by real-life examples and case studies, to help readers make informed decisions and navigate the complexities of the financial market.

Key ideas include the dangers of commissions and slippage, the importance of using limit orders, and the necessity of a trading journal. It also delves into the basics of bar charts, support and resistance levels, and the significance of liquidity and volatility. This book is an invaluable resource for both new and experienced traders looking to improve their skills and achieve sustainable success in trading.