The New Market Wizards: Conversations with America's Top Traders - Softcover

Schwager, Jack D.

Softcover

ISBN 10: 0887306675 ISBN 13: 9780887306679

Publisher: Harper Business, 1994

Synopsis

In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager encourages these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.

About this title

From the Inside Flap:

Taps into the minds of trading superstars to reveal the secrets of their astonishing success

You may not know their names, but they are the trading elite—a select group of super-moneymakers whose trading prowess has become the stuff of legend. They are speculators in everything from stocks and bonds to options and commodity futures who make millions—sometimes in a matter of hours—and leave their peers in the dust. In this enthralling sequel to his international bestseller, Market Wizards, Jack Schwager interviews these stars, asking the questions that everyone with an interest in the financial markets would love to know the answers to and receiving the kind of frank, incisive answers that make this book as much a page-turner as its predecessor.

In these absorbing interviews with star performers in the financial markets, Schwager humanizes the mechanics and psychology behind the trading world across a spectrum of financial markets including stocks, futures, currencies, and options by individuals, investment firms, and group-trading computerized "money machines." One trader focuses on market response to news events, another calculates mathematical probabilities—one even cocks an ear to the noise level on the exchange floor. All rank assiduous research, self-confidence, a specific plan, and the courage to cut losses among essentials to success. None consider their trading gambling, but Schwager entertainingly argues that a successful trader needs many of the qualities of a good poker player. Although filled with insights that even professional traders will find valuable, Schwager's text remains entire accessible to the general reader.

• Interviews with spectacular winners across the full spectrum of financial markets, revealing how they do it and what, personally, separates them from the herd
• Superstar traders describe the financial strategies behind their phenomenal successes, as well as the painfully instructive lessons learned from their worst losses
• Throughout, Schwager provides valuable insight and analysis to help put interviewees' responses into perspective

From the Back Cover:

Praise for The New Market Wizards

"Jack Schwager simply writes the best books about trading I've ever read. These interviews always give me a lot to think about. If you like learning about traders and trading, you'll find that reading this book is time well spent."
—Richard Dennis, President, The Dennis Trading Group, Inc.

"Jack Schwager's deep knowledge of the markets and his extensive network of personal contacts throughout the industry have set him apart as the definitive market chronicler of our age."
—Ed Seykota

"Very interesting indeed!"
—John Train, author of The Money Masters

"Successful trading demands longtime experience because it requires firsthand knowledge. If there is a shortcut to this requirement, however, it is in reading about the experiences of others. Jack Schwager's book provides that shortcut. If you find yourself sweating upon occasion as you read, then you're as close to the trading experience as you can get without actually doing it yourself."
—Robert R. Prechter, Jr., Editor, The Elliott Wave Theorist

"Are great traders born or do they acquire their skills on the way up? . . . The New Market Wizards provides some interesting insights."
—The Wall Street Journal

"Provides unique insight into the arcane world of currency trading as well as other fast-moving markets such as options and commodities."
—U.S. News & World Report

"Should be required reading for anyone who selects managers for institutional or even personal portfolios."
—Futures Industry

About this edition

• Publisher: Harper Business
• Publication date: 1994
• ISBN 10: 0887306675
• ISBN 13: 9780887306679
• Binding: Paperback
• Number of pages: 512