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Traders are always interested in how other traders solve the problems of
trading. We look for hints and ideas. We read to find out about new approaches
or just to confirm that what we are doing is on the right track. This book
provides these insights with interviews with eleven Australian traders.
These are all futures or derivatives traders and this brings a particular
flavour to the book. This is particularly so when it comes to money
management, risk control and position sizing.
Several common themes run through every interview. These successful traders
rely on discipline, money management and capital preservation. They have a
thirst for knowledge, and a passion for their task. None of them believe they
have mastered the market, but each of them is a successful trader.
From my perspective these are the important messages in the book. Other
readers will look for clues about trading systems, the use of indicators and
read carefully looking for trading secrets that can be programmed into their
charting or analytical software. There are some interesting ideas, but the
most important information is in the features which unite these traders rather
than in the differences in their specific trading approaches.
This is an interesting book that provides useful insights into the activities
of these traders. It is good to see material that features Australian traders
and Radge has done an excellent job in bringing these together.
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