Alexander Elder

Background and Career

• Dr. Alexander Elder is a professional trader and author based in New York City.
• He authored 11 books, including the acclaimed "Trading for a Living" and "Come into My Trading Room".
• Elder was born in Leningrad and displayed exceptional academic talent by entering medical school at the age of 16.
• His journey to the United States began when he jumped ship in Africa at 23, seeking political asylum.
• With experience as a psychiatrist, he brings a unique approach to understanding trading psychology. 🧠

Trading Philosophy

• Dr. Elder emphasizes the importance of trading psychology, which he believes is crucial for success in the financial markets.
• He formulated the Elder Impulse System, combining trend following and momentum indicators to identify trade opportunities.
• His techniques encourage traders to focus on money management and risk control rather than mere profit maximization.
• Elder stress the motto: "How much money you make is not as important as how long you keep it." 💰

Teaching and Influence

• He originated Traders' Camps, offering week-long intensive classes for aspiring traders.
• Dr. Elder is a sought-after speaker at various trading conferences, sharing his insights and methodologies.
• His contributions to the trading community have established him as a leading expert in trading education.
• He also collaborates with companies like eSoftrade to develop trading tools and resources for traders. 🎓

Key Contributions and Tools

• The Elder Impulse System uses color-coded indicators to help traders easily identify market trends and momentum shifts.
• The Elder Ray Indicator, based on his oscillators Bulls & Bears Power, assists in identifying market directions and divergences.
• He has developed various educational materials and software reviews that have significantly influenced trading strategies and tools.
• His work has inspired many traders to adopt a more disciplined and psychological approach to trading.