Alexander Elder – The New For a Living-Study Guide (2014)

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Test your trading knowledge and skills – without risking any money

You may read the best trading book, but how much of that knowledge will you retain a week later? This is why you need this Study Guide for The New for a Living. It'll give you a firmer grasp of the essential trading rules and skills. This Study Guide, based on the bestselling trading book of all time, was created by its author to help you master the key points of his classic book.

The Study Guide's 170 multiple-choice questions are divided into 11 chapters, each with its own rating scale. They cover the entire range of trading topics, from psychology to design, from risk management to becoming an organized trader. Each question is linked to a specific chapter in the main book, while the Answers section functions like a mini-textbook. It doesn't just tell you that A is right or B is wrong – it provides extensive comments on both the correct and incorrect answers.

This Study Guide also contains 17 charts that challenge you to recognize various trading signals and patterns. Everything is designed to help you become a better trader.

The Study Guide and The New for a Living are designed to work together as a unique educational tool. The Study Guide for The New for a Living is a valuable resource for any trader who wants to achieve sustainable market success.

The best-selling trading book of all time – updated for the new era

The New for a Living update is a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader.

This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system.

The New for a Living expands upon the original to become an even more valuable resource:

  • Overcome barriers to success and develop stronger discipline
  • Identify asymmetrical market zones, where rewards are higher and risks lower
  • Master money management as you set entries, targets, and stops
  • Use a record-keeping that will make you into your own teacher

Successful trading is based on knowledge, focus, and discipline. The New for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.


Dr. Alexander Elder is a professional trader, a teacher of traders, and a practicing psychiatrist. He is the founder of Trading Seminars, Inc. and — both of which provide educational services to traders worldwide. Dr. Elder is the author of three bestselling trading books, Trading for a Living, Come Into My Room, and Entries and Exits, which have collectively sold over 250,000 copies. for a Living was translated into 9 languages and Come Into My Room was named "book of the year" by Barron's in 2003.

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