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

The New Market Wizards: Conversations with America's Top Traders
Publisher: Collins | ISBN: 0887306675 | edition 1994 | File type: PDF | 512 pages | 10,9 mb

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.

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