All Trading Books

Come Into My Trading Room
A Complete Guide to Trading

You can become a successful trader. It has been done before, and it is being done right now, today, by people around the world. If you enjoy learning, if you are not scared of risk, if the rewards appeal to you, and if you are prepared to put in the work, you have a great project ahead of you.

In Come Into My Trading Room: A Complete Guide to Trading, Dr. Alexander Elder takes you far beyond the three M’s (Mind, Method, Money) of his international bestseller Trading for a Living. He teaches you to manage your money and time, as well as strategy, so that you can enter the markets with confidence and exit with profits. This essential book educates the novice and gives more power to the professional through expert advice, proven trading methods, and something entirely unique–a visit to Dr. Elder’s own trading room. You get to follow him through several actual trades, whose entries and exits illustrate many of the key concepts of this book.

Come Into My Trading Room offers:

• A complete introduction to trading essentials
• An overview of trading psychology, both individual and mass psychology of the markets
• A practical overview of technical analysis, including new indicators and systems
• A step-by-step guide to risk control and money management
• Exact instructions for keeping records and organizing your time
• A visit to Dr. Elder’s private trading room, reviewing several of his recent trades

Be sure to work through the companion volume to this book–Study Guide for Come Into My Trading Room–before you risk a dollar in the markets. The Study Guide features 100 questions and answers and almost 50 charts to test your knowledge. Grade yourself to make sure you know enough about the nine key areas of trading. Work through eight case histories, select entry and exit points, and find out how well you understand what needs to be done in every trade. Use Dr. Elder’s Study Guide to make sure that you can measure up to your competitors and surpass them.

Come Into My Trading Room will help you master a new way of trading stocks, futures, options, and currencies. Unparalleled depth and a wide range of coverage give you the best chance to become the trader you’ve always wanted to be.

User Reviews about Come Into My Trading Room: A Complete Guide to Trading

Every serious trader should read this book. It is the best book I have read about trading. Very useful for me. -- The book is excellent and very useful.

Like this book. Give detailed guidence on begin traders like me. This book was refered as must-haves, and I agree. -- very good book!

I just finished reading this book for the second time and it's awesome. I read it back in 2003 and remember thinking the same thing. In the technical analysis section, I really like how the author not only explained the theory behind each indicator, but also included the formula used to calculate it. This book teaches you how to keep good records and also how to manage your losses using a 2%/6% stop-loss method.

You can tell there was a lot of thought put into this book. It was very well written and everything was explained in detail. The psychology of trading was included in each and every one of the chapters. You learn the thought process of the traders behind the market(s) and also what to think about when creating your own indicators. The author shares two of his personal indicators, "Force Index" and "Elder-Ray" and why they were designed the way they were.

There's a lot that both beginning and advanced traders can learn from this book. The lower reviews that I have read on this book seem to be due to lack of material or applicability for/to day trading. The author does not focus much on day trading in this book, but even though I am not a day trader, I think a lot of the concepts could be applied to any type of trading (day trading included).
-- Excellent Read

Other reviewers have done a good job describing how the first two adjectives listed in the title of my review--"informative" and "enlightening"--apply to Elder's book. I would like to focus on the third adjective: inspiring, because I believe this is a characteristic that differentiates Elder's work from so many other trading books--even the most informative and enlightening of them.

When Elder suggests what sort of books the aspiring trader should read, he insists: "When it comes to books, I avoid those written in bad English. Language is a reflection of thought, and if a guy cannot write clearly, his thinking probably isn't too clear either" (p.31).

This may seem like a strange quote to single out from a book on trading, but it gives you some idea of what sort of writer--and more importantly, thinker--Dr. Elder is: one who brooks no "double-talk," favoring instead straight-forward language without the bells and whistles relied on by inferior writers who need to mask their lack of substance with fancy catch-phrases and cliches.

What this means is that in addition to the valuable information Elder provides, the reader finds in him a model for how the successful trader thinks: CLEARLY. And that is refreshing when there are so many trading books out there that give one the impression they were written into a vacuum rather than, as in Elder's case, to a reader the author communicates with directly and whose intelligence and potential for success he refuses to underestimate.



-- Informative, enlightening, inspiring--provides a glimpse into a profound and perceptive mind that happens to be that of a trader