Market Wizards

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(as of Aug 30, 2025 08:07:10 UTC – Details)

Introduction to Market Wizards

The world’s top traders reveal the secrets of their phenomenal success. How do the world’s most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural born virtuosi―Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets.

Features of Market Wizards

Market Wizards features interviews with superstar money makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more. It tells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who’s averaged 30 percent returns every year for the past twenty-one years, and the T bond futures trader who parlayed $25,000 into $2 billion in a single day.

Pros of Market Wizards

The book provides a unique insight into the minds of successful traders, offering readers a chance to learn from their experiences and strategies. It emphasizes the importance of developing a trading methodology that fits one’s personality and the need for proper mental attitude in achieving trading success. The interviews with top traders provide a wealth of information on various trading strategies, risk management, and market analysis.

Cons of Market Wizards

Some readers may find the book’s focus on individual traders’ stories and strategies less relevant in today’s markets, which are increasingly dominated by algorithmic trading and quantitative analysis. Additionally, the book’s emphasis on the importance of human behavior and market psychology may not be directly applicable to traders who rely heavily on technical analysis and automated trading systems.

Relevance of Market Wizards in Today’s Markets

More than thirty years have passed since the first edition of Market Wizards was released. Despite the changes in the markets and the growing role of algorithmic trading, the book remains highly relevant today. The underlying core principles that lead to trading success, such as solid methodology and proper mental attitude, stay the same. The book’s author, Jack D. Schwager, believes that every conclusion he reached about the factors important to trading success in the first edition remains equally valid today.

Publisher Information

Market Wizards is published by Wiley, with a publication date of February 7, 2012. The book is available in English, with 512 pages, and is part of the Market Wizards series. It has an ISBN-10 of 1118273052 and an ISBN-13 of 978-1118273050. The book weighs 1.3 pounds and has dimensions of 6 x 1.5 x 8.9 inches.

Customer Reviews

Market Wizards has an average rating of 4.7 out of 5 stars, based on 3,577 customer reviews. The book is ranked #9,494 in Books, #3 in Futures Trading, #4 in Commodities Trading, and #11 in Stock Market Investing. Customers praise the book for its insightful interviews with top traders, its emphasis on the importance of mental attitude and trading methodology, and its wealth of information on trading strategies and risk management.