Book Review – Number 7

Filed under: Learn Forex Trading |

Continuing with my countdown of my favorite forex-related books, today I have a book for you that I enjoyed immensely and which has had a big impact upon my trading style. So without further ado… here it is.

 

Number 7: “Market Wizards: Interviews With Top Traders” by Jack D. Schwager

 

Although it is a long read at 458 pages, it is easy to read and is good value for money at just $17. The book reveals how some of the world’s top traders managed to amass millions of dollars every year. It does this through a series of interviews with the world’s top traders. Each chapter gives an introduction to a particular trader, and an edited transcript carried out between the author and the trader follows this. As such, it is a very conversational style and it is very easy to read and accessible.

 

Some of the traders featured in the book include Michael Marcus, who turned his bank of $30,000 into a massive $80 million; Ed Seykota who has made an unbelievable 250,000% return on his accounts in 16 years; and fund manager Michael Steinhardt, who has averaged 30% returns on his fund over a 21 year period.

 

What I really liked about this book is that you feel like you are there, engaged in a conversation yourself with these amazing traders. How can you not learn something about trading when in the presence of such great trading professionals? It is all about having a method and then having the conviction and the discipline to act upon this method – again and again; despite the distractions and the pressures that comes with trading. I highly recommend this book if you are interested in trading and I can assure you that it is a very inspirational and motivational book. So why not go out and get yourself a copy? It is an investment worth making.

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