The New Market Wizards

by Jack D. Schwager
★★★★ 4.5/5 Essential
493 pages1992$18Trading PsychologyBiographies & Memoirs
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The sequel maintains the extraordinary quality of the original. New interviews with traders like William Eckhardt, Monroe Trout, and Stanley Druckenmiller provide fresh perspectives on risk, methodology, and the psychological demands of trading. Slightly below the original only because some interviews overlap thematically with the first book. The Eckhardt interview on the difference between being right and making money is one of the best chapters in any trading book.

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Start with the original Market Wizards if you haven't already, then continue with Unknown Market Wizards for interviews with lesser-known but equally talented traders. See all three ranked on our Best Trading Books of All Time list.