Customer Reviews

The Traders

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I read this book when I was about 19 years old and it changed my life. I had no idea what a trader was or what they did. ( I only knew what Stock Brokers did) This book eventually lead me to New York where I actually called Stanley Katz and started working on the AMEX as a market maker clerk. This book is exactly what it says. All the feel of what it's like to be a trader are in here as well as a little history of the various exchanges. My copy is a closely held favorite with various signatures from several people in the book.

The Traders by Sonny Kleinfield is a well-written excursion onto the trading floors of The Merc, The NYSE, The NYMEX, and other financial markets. Although you will not find tips in here to include your trading or investing, this book is an excellent way to spend the afternoon if you ever wondered how and why floor traders endure the chaos in their chosen market. My only quarrel is that this book was originally written in 1983, before computers changed the landscape of the floor. A good read anyways!

Quite an enjoyable read. I picked this up because, as someone who trades commodities electronically and has never visited an exchange, I was interested to read what it's like. This book does a good job of describing it. It gives me a better idea of what goes on "behind the scenes." Perhaps subconsciously this may even help my trading. I would recommend this book.