Market Wizards: Interviews with Top Traders

ANNOTATION

A noted financial expert interviews the world's most successful traders.

FROM THE PUBLISHER

A bestselling classic (more than 200,000 copies sold in hardcover and paperback) that delves into the minds of some of the world's most successful traders.

Author Biography: Jack D. Schwager is the director of Futures Research and Trading Strategy at Prudential Securities, Inc. Author of the bestselling Market Wizards and A Complete Guide to the Future Markets, he is a frequent seminar speaker.

SYNOPSIS

How do some of the world's most successful traders amass millions of dollars in a year--or sometime sin hours? Are they masters of a priceless wizardry or simply the very lucky winners in a random market lottery that allows only a few players to become fantastically wealthy? What are the secrets of their unheard-of successes?

After interviewing top traders in a variety of markets, market expert Jack D. Schwager concludes that while method undoubtedly accounts largely for trading success, no one approach is used by all, or even most, of the traders interviewed. Some are technicians, monitoring price action. Others are fundamentalists, trying to forecast future price levels based on what they know of a market, an industry, or a company. Some act largely on personal initiative and intuition, while still others rely completely on automated systems.
Even more interesting in Schwager's finding that, as great a role as method plays, it must be accompanied by the "proper" mental posture--a notion that surfaces frequently in the interviews. The secret seems to have more to do with personal attitude than with approach. What mental disciplines, what emotional responses, what intangible personal ingredients make these tip traders so mysteriously effective? What enables them to work financial magic while so many others walk away losers?

Market Wizards allows the reader to delve into the minds of these professional traders. It explains the very elements of their success...different approaches used in different markets, trading rules that each of them adhere to...personal advice for other traders.

Understand what it takes to become a successful trader. Hear it in the very words of the Market Wizards.

FROM THE CRITICS

Martin W. Zweig

One of the most fascinating books ever written about Wall Street.

Martin W. Zweig

One of the most fascinating books ever written about Wall Street.

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