Price: $52.95
Delve into the minds of today’s top traders and uncover the strategies behind their phenomenal success. In this compilation of engaging interviews, Schwager brings to life the tactics and psychological approaches used in the complex world of trading. He explores a diverse range of instruments including currencies, stock options, commodity futures, and mutual-fund accounts, handled by individuals, investment firms and algorithmic “money machines.”
Each trader adopts a unique approach; some focus on market responses to news events, others employ mathematical probabilities, and one even pays attention to the noise level on the trading floor. They all attribute their success to diligent research, self-confidence, a well-defined plan, and the bravery to cut losses. Few view their work as gambling, but Schwager compellingly argues that the qualities of a successful trader mirror those of a skilled poker player.
While the subject matter may appear niche, Schwager ensures that it appeals to a broad audience. He successfully demystifies the intricate world of trading and even includes a helpful “primer” of technical basics.
These traders may not be household names, but they are the elites of the trading world, making millions, often in a matter of hours, leaving their competitors trailing behind. In this captivating sequel to his international bestseller, Market Wizards, Jack Schwager interviews these stars, posing the questions that anyone intrigued by the financial markets would want to ask. The frank and sometimes surprising responses make this book as much a page-turner as its predecessor.
Key features of the book include:
– Interviews with extraordinary winners across a diverse range of financial markets, providing insights into their strategies and what sets them apart from the rest.
– Superstar traders sharing the financial strategies that fuel their remarkable successes, as well as the valuable lessons learned from their worst losses.
– Revelation that despite their varied methods and personalities, all the top winners attribute diligent research, self-confidence, a specific plan, and the courage to cut losses as the keys to their victories.
– Throughout the book, Schw