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Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game »

Book cover image of Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game by Kathy Lien

Authors: Kathy Lien, Boris Schlossberg
ISBN-13: 9780470452547, ISBN-10: 0470452544
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: March 2010
Edition: (Non-applicable)

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Author Biography: Kathy Lien

KATHY LIEN is the Director of Currency Research at Global Forex Trading, a Division of Global Futures & Forex, Ltd. She is responsible for providing research and analysis, including technical and fundamental research reports, market commentaries, and trading strategies. Prior to joining GFT, Lien was the chief strategist of DailyFX.com and an associate at JPMorgan Chase. Lien has written for Active Trader, Futures, and SFO magazines and is frequently quoted on CNBC, Bloomberg, Fox Business, and Reuters. She is also the author of Day Trading the Currency Market as well as Day Trading and Swing Trading the Currency Market, Second Edition, both of which are published by Wiley.

BORIS SCHLOSSBERG is the Director of Currency Research at Global Forex Trading, a Division of Global Futures & Forex, Ltd. He is a weekly contributor to CNBC's Squawk Box and a regular commentator for Bloomberg radio and television. His daily currency research is widely quoted by Reuters, Dow Jones, and Agence France Presse newswires, and appears in numerous newspapers worldwide. Schlossberg has written for publications like SFO magazine, Active Trader, and Technical Analysis of Stocks and Commodities. He is also the author of Technical Analysis of the Currency Market, published by Wiley.

Book Synopsis

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 of whom focus on equities, while others 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. Here are four of the many strategies that will help you achieve this goal:

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

Table of Contents

Preface VII

Acknowledgments IX

Chapter 1 The Art of Trading 1

Chapter 2 The Man Who Buys Crashes Dana "Dan" Allen 9

Chapter 3 The 100-Pip Trader Rob Booker 37

Chapter 4 Rags To Riches Hoosain Harneker 77

Chapter 5 The Wisdom of Experience Franki Law 107

Chapter 6 The Treasure Hunter Indi Jones 129

Chapter 7 The News Junkie Roland Campbell 179

Chapter 8 The Great Adapter Tyrone Ball 209

Chapter 9 Surfing For Profits Ashkan Bolour 245

Chapter 10 The All-American Trader Paul Willette 273

Chapter 11 Fx Family Values Marcelino Livian 307

Chapter 12 Man Versus Machine Steven Ickow 325

Chapter 13 Getting Started in Trading 347

Index 355

Subjects