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Avg. Customer Rating:(based on 19 reviews) Sales Rank: 103362 Category: Book
Authors:Kathy Lien, Boris Schlossberg Publisher:Wiley Studio:Wiley Manufacturer:Wiley Label:Wiley Languages: English (Original Language), English (Unknown), English (Published) Media: Hardcover Number Of Items: 1 Pages: 416 Shipping Weight (lbs): 1.3 Dimensions (in): 9 x 6.2 x 1.5
Product Description Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle.
Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game.
Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders-some who focus on equities, others who deal in futures or foreign exchange-and examines the paths they've taken to capture considerable profits.
With this book as your guide, you'll quickly become familiar with a variety of strategies that can be used to make money in today's financial markets. Those that will help you achieve this goal include:
Tyrone Ball: trades Nasdaq stocks almost exclusively, and his ability to change with the times has enabled him to prosper during some of the most treacherous market environments in recent history.
AShkan Bolour: one of the earliest entrants into the retail forex market, he trades in the direction of the major trend, rather than trying to find reversals.
Frank Law: a technician at heart, identifies a trading zone, commits to it, and scales down as long as the zone holds.
Paul Willette: has mastered a method that allows him to harvest some profits right away, while ensuring that he can still benefit from an occasional extension run in his favor.
Review of Millionaire Traders... September 6, 2008 1 out of 1 found this review helpful
Millionaire Traders boosted my motivation and provided some inspiration regarding my Forex trading. The book did not provide any specific trading strategies, the focus was toward the general traits that successful traders share.
Interesting interviews on retail traders August 25, 2008 What makes this book different from books such as Market Wizards are the profiles of the traders interviewed. They are normal retail traders coming from different background and succeeding in their own way. Whether their success will continue in the future remains to be seen, but this book provides an insight on how they reach their current achievements and is useful for people who are still seeking a trading method/lifestyle.
Full of good advice but... June 4, 2008 4 out of 4 found this review helpful
This book is full of good advice offered through the people being interviewed with critiques of what they said and of their trading styles given by the book's authors. Also what markets the interviewees trade in are discussed as well. However the reason for only three stars rests in the fact that this book, rather obviously, must not have had a proofreader. There are instances of words being inadvertently added or left out throughout the book and a particularly annoying and unforgivable instance is when the word "there" is used when the word "they're" is obviously meant. The authors must have been in a rush to get this book to print and out on the shelf. If you find these oversights as irritating as I do you may just want to pass this book up. However I don't think the advice given is enough to redeem this book's abysmal oversight as the advice can be found in other books of much better quality.
Absolute Junk June 2, 2008 3 out of 3 found this review helpful
This book is a waste. Completely inactionable. Worthless. Good story here and there, but does it help you at all? The answer is a resounding no.
solid surface -empty core April 10, 2008 This book has inspiration and will motivate the new trader however the book lacks substance. The writers should have put more understanding into the explanation into what these traders were doing.
I think charts and deeper explainations would be useful as well. Another point I want to make is that the traders are not everyday people. Everday people do not have $150,000 dollars to start trading with and deal with Forex, Futures and Foreign Trade.
The title of this book should be Millionaire TRADERS How Privledged People Are Beating WallStreet Ar its Own Game
Everyday people are people who start out with a couple thousand and come from regular jobs without ever being brokers, working the pits, low financial understand, a housewife, a construction worker, a college or high school drop out etc.
( a Great Trader story is : How I Trade For A Living By Gary Smith Now the guy may not be a millionaire yet but he is close & his book really details how he traded his way up from the bottom. His book details all hiss losses and winnings with detailed information
Some of the stories I was left hanging trying to understand the stradegies of the traders mentioned in this book. The details are very fluffy with no substance to back them up. Any person who would buy this type of book is looking for more than just a success story. I can buy readers digest if thats all I want. I believe most readers would buy this book searching for detailed trading ideas from successful people. I think that this book would have been much more successful if at the end of each interview, the trading stradegies would have been explained in more detail-
For a really detailed trading JOurney with solid substance read Jim Cramer's- Confessions Of A Street Addict that book is solid on top and in the middle
