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Find experienced traders willing to share their knowledge. The markets are a never-ending source of lessons. Successful traders prioritize capital preservation above all else. Customers appreciate the interviews in the book, noting they are honest and well-structured, with one customer specifically praising the Seykota interview.

Market Wizards: Interviews with Top Traders

Resist the urge to overtrade during quiet market periods. Treat trading as a business, not a personal crusade. Trading success is as much about mental discipline as it is about market knowledge. “I became a winning trader when I was able to say, ‘To hell with my ego, making money is more important.'”

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Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Jack Schwager is a renowned expert in futures and hedge funds, known for his acclaimed financial books. “I really liked this series of books. It is interviews with succesful trades on their successes and failures as traders and their basic philosophies…” Read more “…Through a series of in-depth interviews with some of the most successful traders of the 20th century, Schwager provides invaluable insights into…” Read more Customers find this book an excellent resource for new traders, filled with wisdom throughout and providing useful insights into successful trading strategies.

He is also an advisor to Marketopper, an India-based quantitative trading firm. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. On Sunday night, however, the market opened lower.

“Love this book. Every serious trader should read it, it’s informative and entertaining.” Read more Customers find the book filled with wisdom throughout, providing valuable information on different market strategies. “…Lots of good advice for newbie and experienced traders alike. Easy read and captivating.” Read more At the time, the stock market was approaching the high end of a long-term trading range, and for a variety of reasons, I expected the rally to fail and was positioned on the short side of stock index futures. The growing role of algorithmic trading may have eliminated some market inefficiencies as sources of profitable strategies, and it may even have impacted the efficacy of some trading systems, but I don’t believe it has changed fundamental market behavior. Has trading fundamentally changed with the rise of the quants and algorithmic traders?

Why one Wall Street bear says he still sees a 12% correction for stocks in the 2nd half of 2025

This disciplined approach allows them to weather losing streaks and stay in the game long enough for their winning strategies to pay off. “…While this book was originally published in the late 1980s, it is timeless….” Read more Customers have mixed opinions about the book’s content, with some finding it timeless and noting it holds up well after 30 years, while others consider it somewhat dated. “…This book is a great confidence builder in the way of the stories tod by Jack….” Read more

Market Wizards: The Next Generation: The world’s top young traders reveal how they beat the market

• I was prepared to cover most of my position when the market opened on Sunday night.
• This time around, he plans to do 12 interviews, including with some subjects who have been featured before.
• “These very successful traders that are interviewed all have a few qualities in common and should be taken seriously on how to think of trading….” Read more

Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business. Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success.

The book’s exploration of traders’ mindsets and decision-making processes is particularly praised, making it a classic in the field of trading literature. While some find certain interviews less engaging, most consider it essential reading for aspiring traders. While maintaining consistency, traders should continuously refine their strategies based on changing market conditions and new information. Successful traders develop a unique approach that gives them an advantage in the markets.

Taleb, former derivatives trader, author of The Black Swan, and professor, market wizards series NYU-Poly Have the interviews you did for Market Wizards informed your own trading practices? Different readers will find different things in the book important. Which trader interview in the book has been the most popular?

• “…Highly recommended for its rich content and engaging interviews.” Read more
• Jack Schwager is adding another installment to his popular “Market Wizards” collection, the author told Business Insider.
• Maintain a list of potential trades that meet your criteria but aren’t quite ready for execution.
• Consider how different market participants (e.g., retail investors, institutions, central banks) are likely to respond to various scenarios.
• Taleb, former derivatives trader, author of The Black Swan, and professor, NYU-Poly

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In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. This book will feature interviews with a variety of traders who achieved phenomenal financial success during the glory days of the Internet boom. Many successful traders use both technical and fundamental analysis to inform their decisions. Customers find the book inspirational, providing excellent insight and confidence-building content, with one customer specifically noting how it sheds light on the personal traits of successful traders. “These very successful traders that are interviewed all have a few qualities in common and should be taken seriously on how to think of trading….” Read more “This book is filled with gems of wisdom from some of the best traders the market has ever seen. Recommended read for any trader.” Read more

What is the significance of discipline in trading as discussed in Market Wizards, Updated?

“A bit old, but it is still a good book to read, especially for people working in the financial industry.” Read more “…Ed Seykota interview is just terrific! The book gave me so many ideas on trading. The best part of the book is that interviews are absolutely honest….” Read more “…Great read and very insightful as to what goes on in the mind of the world’s best traders.” Read more “…It is worth listening to over and over again. It has practical advice and teachable strategies a new trader can adopt into their beginning trading…” Read more “Very informative about how different traders became very successful using their own tactics and system….” Read more

Customer reviews

His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series ( ).Schwager is a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com). There are dashes of humor and revelations about the human side of trading throughout.The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their trading process. He has extensive experience in portfolio management, hedge fund advisory, and futures research. Market Wizards is highly regarded as a valuable resource for traders, offering insights from successful professionals. Successful traders focus on making a few high-quality trades rather than constantly being in the market.

Consider how different market participants (e.g., retail investors, institutions, central banks) are likely to respond to various scenarios. Major trends often begin with a fundamental change in supply/demand dynamics or a shift in market psychology. Understand market dynamics.

I was prepared to cover most of my position when the market opened on Sunday night. The market initially sold off sharply in response―”perfect,” I thought of my trade―but by the end of the day, it nearly recovered the entire loss, ending the week near the recent high. The interview and writing process has helped solidify in my own mind the principles that are important to trading success.

What’s Market Wizards, Updated: Interviews with Top Traders about?

“…on their successes and failures as traders and their basic philosophies to trading. I definitely recommend reading if you are into trading.” Read more Customers praise the traders featured in the book, describing them as consistently profitable and providing valuable insights into their strategies. “This is a very good book, the only draw back is that the interviews are in the context of the markets as they were in and before 1990, when the book…” Read more Customers find the book highly readable, describing it as a must-read for serious investors and new traders, with one customer noting it’s worth listening to multiple times.