Alexander Elder – trading legend

Alexander Elder is an inspiration to millions of traders around the world. His books and seminars fell in love with the hearts of many stock speculators, and what’s more, many, thanks to Elder, learned about the stock exchange world.
Alexander promotes trading on the stock exchange, because he believes this is the only place where almost everyone can become a financially independent person.

His lectures allowed thousands of bankrupt traders to rise, because they were able not only to realize their mistakes, but also to work on them.

When asked why a successful trader travels around the world giving lectures, and does not sit wrapped in a blanket skimming the cream from the market in silence, Elder confidently asserts that this allows him not to degrade, and he is also pleased to hear praise addressed to him.

Indeed, not every trader can tell himself every week that he needs to take the right approach to risk and keep a diary, but a lecturer who repeats this day after day clearly adheres to these rules. Elder also says about his seminars that he needs them as a daily prayer to the priest, which allows him to maintain faith in God. However, Elder was not always a trader, and his success story is truly stunning.

Alexander Elder was born in the city of Leningrad in 1951 during the former time of the greatness of the Soviet Union. Later, the family left Leningrad, choosing Estonia, where Alexander spent his childhood and youth. At the age of 16, Elder saw his future in medicine, so he entered the medical faculty of the local university in Tartu.

Escape from the Soviet Union

After graduating from medical school, Elder, at the age of 22, received his first job on an international maritime ship as a doctor. As Elder recalls, he hated the Soviet system, its repressiveness and closedness with all his soul. Therefore, when the ship arrived in one of the port towns in Africa, Alexander learned that the embassy of the main enemy, the United States, was located there.

Without thinking twice, Elder fled from the ship, and his friends began to pursue him. When he showed up at the embassy and began asking for asylum among the Americans, they avoided this topic as much as possible and practically handed Elder over to the Soviet soldiers. However, the young man’s persistence convinced the ambassador, so having received 25 dollars in pocket money, he was sent by plane to New York.  

In New York, there was a special “Tolstoy” foundation founded by the writer’s youngest daughter, which began helping defectors from the USSR. In the early stages, the foundation provided enormous assistance in the socialization of Elder.

Studies. Accidental acquaintance with the stock exchange

Alexander was a doctor by profession, so he immediately began to get internships in various clinics. Later he graduated from a psychoanalytic institute and got a job as an editor at a newspaper. After working for a long time, he opens a private practice as a psychologist and begins to see patients (hence the nickname Doctor).

My acquaintance with the stock exchange happened quite by chance. One day Elder needed to move to a neighboring city for professional reasons. In order not to lose his skill, he came to his friend, who had a large private library.

Having taken several textbooks on his profile, in one of them he accidentally came across a book by Engel which was dedicated to trading shares on the stock exchange. The book captivated Alexander so much that he lived and dreamed of a career as a trader.

Once he sold his motorcycle, Alexander had his first free money, so he decided to buy the first shares of KinderCare in his life. Then he was over thirty, and all his friends were actively getting married and having children. The shares of the kindergarten seemed promising to him and he made the right decision, earning his first money.

Company creation

After purchasing his first shares, Elder was physically at appointments with patients, and in the financial markets. Naturally, playing on the stock exchange initially brought only losses, but the successful private practice of a psychologist covered the expenses. However, the moment came when Elder created his own trading strategy and left private practice.

After Elder became successful, he released several books about trading, and also opened the information company Financial Trading Seminars, which was engaged in training stock trading around the world.

Today, Elder continues to travel around the world with his seminars, and is also actively involved in selling software for trading using his methods.