Thursday, 27 November 2014

The New Market Wizards by Jack Schwager

The New Market Wizards - Jack D. Schwager
I have no idea which book to read when I first started.. but I am reading / have read the following book and think it is great. This is why I am recommending The New Market Wizards: Conversations with America's Top Traders to you. Get it from Amazon.com and have it delivered right to your doorstep.

Sypnosis
In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager encourages these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.

Review
I read this book last year, now I am re-reading it again to gain more insights from many of these successful traders. The book is written in a rather interesting way so I just kept flipping the pages wanting to learn more.

AT's Key Takeaway
Mainly on trading psychology and money management. There are also a couple of good quotes and tips to pick up from this book to motivate you to perform better. It is definitely re-readable as you become more experienced as the content makes more sense when you get more involved in trading. However, if you are looking for a "how-to" guide, then this book is not for you.

Readability: ****

* = boring
** = you can give it a miss
*** = average
**** = excellent read
***** = just buy this book, won't you?


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Financial freedom = Passive Income > Expenses. Always remember that there are two sides to the equation of financial freedom. Beside working on how to improve our passive income through investing, we should never neglect the expenses portion. By striving to improve both side of the equation, we can achieve our financial goals and win in the game of money.

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