Sunday, 5 October 2014

Review of the Market wizards


I first read this book awhile go and remember the value it had. So this week I have reread it so I can provide a review for you, the readers!

The book Market Wizards by Jack D. Schwager is a Finance classic. Everyone in the trading world seems to have read it. It is the recorded conversations that Schwager had with the most successful traders in the world in the late 1980s. He speaks with 15 traders and one psychologist about their views on trading under several different topics. He talks with most of the traders on their particular method to being successful.

However, the message that came across in the book was there is more then one successful methods to making money. Each person is different and could deal with different amounts of risk and return, and thus required different strategies. This realization allowed me to stop searching for a holy grail strategy but instead work on my own strategy. This book is very well recommended to anyone interested in finance or trading, as it is a very good starting point for further research.

Enjoy reading!