Price: $52.95
Delve into the minds of today’s top traders and unravel the secrets behind their staggering success. Through engaging interviews with these financial market maestros, Schwager brings to life the complex mechanics and psychological factors at play in the world of trading. The book covers sophisticated instruments like currencies, stock options, commodity futures, and mutual-fund accounts, as handled by individuals, investment firms, and computerized group-trading “money machines”.
One trader analyzes market response to news events, another applies mathematical probabilities, and one even tunes into the noise level on the exchange floor. All of them emphasize diligent research, self-confidence, a clear plan, and the courage to cut losses as key to success. Few liken their work to gambling, but Schwager cleverly argues that a successful trader requires many attributes of a skilled poker player. While the subject matter is intricate, the book is crafted in a way that will captivate general readers, and Schwager includes a “primer” of technical basics for those new to the field.
You may not recognize their names, but they are the trading elite – an exclusive group of high-earning individuals whose trading prowess has become legendary. These are speculators in everything from stocks and bonds to options and commodity futures, who amass millions – often in just a few hours – leaving their peers trailing behind.
In this captivating sequel to his international bestseller, “Market Wizards”, Jack Schwager interviews these stars, posing the questions that anyone with an interest in the financial markets would want to ask. The responses he receives are candid, sometimes puzzling, making this book as engaging as its predecessor.
Schwager’s book offers interviews with incredible winners across the entire financial spectrum, revealing:
– How they achieve their astonishing successes
– The valuable lessons learned from their worst losses
Despite their individual quirks and differences, all the top winners agree on the importance of diligent research, self-confidence, a clear plan, and the courage to cut losses as the keys