Alexander Elder

SBM

Newbie
8 0
Hi, i am just getting started on spread betting and am thinking about buying Elder's "Come into my trading room" but do i need to have read "Trading for a living" first?

Thanks
 

mikamisun

Newbie
3 0
After reading Elder's 2nd book it was interesting to see just how much he had learned in the years between, and how much he had altered his trading settings. Proof that the market is forever moving and one must adjust ones methods to keep up with the changes as time goes by.
 

seguna

Well-known member
266 9
Elder Books

I've been reading Elder's book CIMTR and a few months on, I haven't finished it yet after been told I wouldn't be able to put it down. So far I've gleaned some fascinating insights on trading psychology and it has helped to focus my thoughts on what is needed for successful trading. It's certainly a worthwhile book but I'm not convinced there's enough in it to help you build a sound trading system you can actually trade with confidence.

rgds
S
:)
 

darrenf

Well-known member
481 3
I've found with most books on trading that I learn a few "nuggets" from each book I read and end up disregarding a lot of what is said.

I have read CIMTR and thought it was a good practical book overall. I too learned most from the psychological parts of the book, but the actual trade set up's etc did nothing for me. That doesn't make it a bad book, just that it's not really the type of trading set up's that I look for.

If I get a "nugget" or two from each book I read, then I consider it a worthwile purchase.

The most recent book I bought was trading in the zone by Mark Douglas which for the most part was very heavy going, and seemed to repeat the same thing over and over. However, the nuggets (and several of them for me) were all in the last couple of chapters.

Don't expect too much from books as there are many ways of trading, and one persons methods may be no good for you individually. You will find that you don't agree with much of what is written. My take on this is read as many books as you can, learn a little from each one and apply it to your own strategy, that is within your own comfort zones etc, whether a beginner trying to put a strategy together, or experienced looking to make improvements.

Read as much as you can, learn from it, apply the "nuggets" to your own trading.
 

seguna

Well-known member
266 9
Books

I agree with DF.

Read as much as you can, take what's useful and drop the rest. I've found though, it takes a while and bit of reading, experience and exposure to sift out the personally irrelevant.

SBM,
it is this background of comprehensive reading and research that will give you the foundation to go forward with confidence. I am always amazed by how much I don't yet know and what I find out as I continue to learn. Beware of short cuts and get rich quick approaches going forward - they abound throughout this industry and they never fulfill their promises.
 

darrenf

Well-known member
481 3
Seguna

it is this background of comprehensive reading and research that will give you the foundation to go forward with confidence. I am always amazed by how much I don't yet know and what I find out as I continue to learn.

Quite right mate. In fact, that's just made me realise I haven't bought a book for a couple of months now- off to Global Investor right now!!
 

BBB

Experienced member
1,071 3
Darrenf - Are GI reliable? I ordered a book (my first from them) from them 3 weeks ago and still no sign. Another member from this board ordered the same book from Amazon in the USA and it came in 6 days.
 

seguna

Well-known member
266 9
GI

Was the book in stock? I've made contact with GI before (though I did not buy) and their telephone support was certainly very good.
 

BBB

Experienced member
1,071 3
Yes. In fairness it did say 10 days delivery - but even if they meant 10 business days, they still have had a long enough time.

I guess it could be Royal Mail at fault.
 

darrenf

Well-known member
481 3
BBB

Always had reliable service from GI. Most books generally arrive within a couple of working days. (Most of the books I have ordered have been immediate dispatch).

The only time I've had to chase up was one case where I ordered a book that had a week or two delivery time on it. It hadn't arrived by the specified time so I emailed them. prompt response saying it had been dispatched the day before. Book turned up on my doorstep the next day.

If your'e having trouble, drop them an email. I'm sure they will respond promptly.

Darren
 

BBB

Experienced member
1,071 3
I gave them a call. Book still in the States!! Said they will chase it. They do seem very friendly and helpful which is a big plus, and unusual these days.
 

Simon

Active member
133 1
BBB said:
They do seem very friendly and helpful which is a big plus, and unusual these days.

Yep, most of the time you're expected to feel privileged for being given the opportunity to part with your cash.
 

Orion

Active member
103 0
Over the years I've always found Harriman House in Petersfield(Global Investor) ultra efficient, friendly, courteous, professional and a delight to do business with - a rarity in this day and age.
 

seguna

Well-known member
266 9
Okay, okay so GI are really great and their exceptional service is delightful and rare.

Now can we please progress the debate?

Heehee...

;)
 
 
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