Alexander Elder: Biography, Career, and Business Insights

Alexander Elder’s Profile Summary

Company	Self-employed
Position	Trader, Author, and Lecturer.
Source of wealth	Royalties from books and educational content, trading profits from self-employed trading activities, speaking fees.
Also known as	Author, Educator, Psychiatrist.
Age	75
Education	Tartu University, Estonia – medical degree (psychiatry).
Citizenship	United States
Residence	New York City, USA
Family	Information
Website, Social Media	https://www.elder.com/

Alexander Elder’s biography

Alexander Elder is a renowned trader, author, and educator, best known for his work in trading psychology and technical analysis. Born in Russia, Elder trained as a psychiatrist before transitioning into financial markets. His medical background gives him unique insights into the psychological aspects of trading, making him an influential voice in the area of trader psychology. He emigrated to the United States, where he initially practiced medicine before shifting his focus fully to trading. Elder is the author of several bestselling books, including "Trading for a Living," which integrates his psychiatric training with his practical trading experience. He is also a sought-after speaker at conferences worldwide and offers various educational programs and workshops to traders. Elder's work emphasizes the importance of managing emotions in trading, applying technical analysis effectively, and maintaining discipline.

How did Alexander Elder make money?

Alexander Elder makes money in the following areas:

Royalties from books and educational content, trading profits from self-employed trading activities, speaking fees.
What is Alexander Elder net worth?

As of 2025, there is no publicly available and reliable information regarding Alexander Elder’s net worth.

What is Alexander Elder also known as?

Alexander Elder is a renowned author with several bestsellers, including "Trading for a Living", which has become a classic in trading literature. He is also a dedicated educator who conducts seminars, workshops, and week-long Traders' Camps aimed at improving the skills of professional and amateur traders alike. Elder's background in psychiatry gives him a unique perspective on the psychological aspects of trading, which he integrates into his teachings and books.

Prominent achievements of Alexander Elder

Author of "Trading for a Living", a global bestseller, founder of SpikeTrade, creator of the Triple-Screen Trading System, and a sought-after speaker at international trading conferences. He continues to influence traders worldwide through his books, seminars, and trading systems.

What are Alexander Elder’s key insights?

Dr. Alexander Elder’s philosophy emphasizes the importance of psychological control, disciplined methodology, and sound money management. His 3M approach—Mind, Method, and Money—stresses that successful traders must understand their own emotions, follow a reliable trading method, and manage their capital wisely.

Alexander Elder’s personal life

Elder keeps his family life private, and no detailed information is publicly available.

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.