In these absorbing interviews with star performers in the financial markets, Schwager ( Market Wizards ) humanizes the mechanics and psychology behind billion-dollar daily world trading in such sophisticated instruments as currencies, stock options, commodity futures, and mutual-fund accounts 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. Few consider their work gambling, but Schwager entertainingly argues that a successful trader needs many of the qualities of a good poker player. Though the subject matter is esoteric, there is much here to attract the general reader, and Schwager appends a "primer" of technical basics.
Copyright 1992 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
"...they are the most highly readable investment books you will find...you'll find them riveting and fun..." (Shares, 10 October 2002) --This text refers to an out of print or unavailable edition of this title.See all Editorial Reviews
Was incredible...on my shelf permanently and plan to re-read it many times.Published 12 days ago by Bill
After reading both Market Wizards and The New Market Wizards I see there is more potential in trading for me. Read morePublished 2 months ago by Wantingtotrade
Schwager's "New Market Wizards" is worth your time if you are interested in learning about the financial markets' participants and their various investing styles.Published 3 months ago by PDW
The last part of the book is esp new and interesting that teaches us to use NLP and hypnosis techniques to get away from the negative feelings in losing streaks and regain... Read morePublished 5 months ago by Charles Chui