Conversations with America's Top Traders

Taps into the minds of today?s trading superstars to
reveal the secrets of their astonishing success

In these absorbing interviews with star performers in the
financial markets, Schwager humanizes the mechanics and psychology
behind the trading world 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. Though the subject matter is
esoteric, there is much here to attract the general reader, and
Schwager appends a "primer" of technical basics. 

You may not know their names, but they are the trading
elite?a select group of super-money makers whose trading
prowess has become the stuff of legend. They are speculators in
everything from stocks and bonds to options and commodity futures
who make millions?often in a matter of hours?and leave
their peers in the dust. In this enthralling sequel to his
international bestseller, Market Wizards, Jack Schwager interviews
these stars, asking the questions that everyone with an interest in
the financial markets would love know the answers to and receiving
the kind of frank, occasionally bewildering answers that make this
book as much a page-turner as its predecessor.

• Interviews with spectacular winners across the full spectrum of
  financial markets, revealing how they do it and what, personally,
  separates them from the herd


• Superstar traders describe the financial strategies behind
  their phenomenal successes, as well as the painfully instructive
  lessons learned from their worst losses 


• Reveals that, despite their various quirks and differences, all
  the biggest winners rank diligent research, self-confidence, a
  specific plan and the courage to cut losses as the keys to winning
  big


• Throughout, Schwager provides valuable insight and analysis to
  help put interviewees responses into perspective, and he provides a
  technical basics primer at the end of the book