Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game by Kathy Lien and Boris Schlossberg

Summary

An interesting take on how a very diversified group of traders tackling the forex markets successfully. Not a book of the tall tales on legendary traders, if that is what you are looking for. A very good book for beginners to broaden their perspectives on what works with forex trading. A good read overall.

Book Information

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Written by Kathy Lien and Boris Schlossberg

Rating

Review

Kathy and Boris worked for FXCM for a long period of time in the past that gave them the privilege to get to meet great traders hidden among us all. This book is a collection of the stories and wisdoms from traders coming from all walks of life.

Every one documented in the book have developed their own methods to deal with the forex markets. Unlike a book on legendary traders, which we know are outliers, the examples given in this book are good reference on what can be achieved if we put our minds into the game. It is encouraging to see people with different backgrounds and perspectives on life can all profit from forex by having realistic goals and good game plans.

This book is not a “go-to” book for specific trading setups. It is more an inspirational book telling all non-traders that profit from forex markets is both realistic and very doable. The ideas from these traders varies from reading classic price swing charts to mechanical models. Most important of all, though, is that their insights into the importance of diciplines and good moeny management are consistent among all of them.

This book is a good read and I highly recommend it to those interested in forex trading.