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New Trader Rich Trader
- 2nd Edition: Revised and Updated
- Narrated by: K. Foster
- Length: 3 hrs and 16 mins
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New Trader Rich Trader
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Summary
New traders are greedy and have unrealistic expectations; Rich traders are realistic about their returns.
When New Trader awoke bright and early, he could feel his excitement building with every second.
Turning on his computer, he thought about all the hard work that went into building his account; all the hours of overtime at his first job, and delivering pizzas on weekends.
That part of his life was now over. His heartbeat quickened as he typed in his username and password. And there it was, his $10,000 trading account.
He was ready.
How could he not be? He had been trading through simulated accounts for over a year, watched financial news, and followed trading gurus online.
The way he saw it, it was easy....
Follow the journey of New Trader as he learns just how challenging trading can be! Explore psychology, risk management, and methodology in this revised and updated, best-selling classic!
Praise for the first edition of New Trader Rich Trader:
"I love the structure of this book: Steve Burns points out huge differences between winners and losers in every area of the market. Each chapter takes up a pair of opposites, such as 'New Traders try to prove they are right; Rich traders admit when they are wrong.' Dozens of such pairs offer a psychological mirror to serious readers." - Alexander Elder, www.elder.com
"Here is a work that puts the reader in the mind of a fledgling trader who makes all the mistakes then learns from them. Told in an instructive and entertaining narrative, the author takes the reader through the trading concepts with a clarity and ease of understanding. A must read for beginning and intermediate level traders." - Dr. Chris Kacher, co-founder of www.SelfishInvesting.com and co-author of How We Made 18,000% in the Stock Market
What listeners say about New Trader Rich Trader
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Ionut constantin
- 24-02-19
Very good book!
Recommended for new, intermediate and maybe for more advanced trader.Very enjoyable narrator voice.Lots of lessons to learn from it!
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Shah Newaz Choudhury
- 31-12-17
Excellent for new traders
Loved every second, very educational and many golden nuggets received. Recommend new traders to listen to enhance trading experience.
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- LAS
- 06-01-19
Nothing less than astounding
I like that this book makes it feel as if YOU are the New Trader, learning from your mentor — Rich Trader. It’s fun, fresh, thorough and immensely informative. I have also listened to New Trader Rich Trader 2, and about to re-listen.
I recommend this reading for anyone, like myself, that is serious about trading the stock market; and don’t believe in the hype that it is a Get rich quick method to attaining wealth — because it’s not.
I am grateful for the fact that this books teaches and explains, in great detail, the three most important aspects of trading; such as:
.Methodology — Your System
.Psychology — Human Emotions, being Objective rather than Subjective
.Money Management — Trading Capital, Risk vs Reward & Share size.
I could go on and on about its many perks.
My only Con is that while it’s very informative, I shyly hoped for it to be longer. But i guess that’s what the 2nd one is for. :)
This was WELL worth my money.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Richa
- 01-04-22
trading system for new bee
loved it. listened atleast 5 times, make notes as well. so I would highly recommend this book if you are new in market or been trading with losses. this book finally give you the reason for your losses and teach you how to trade.
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Overall4 out of 5 stars
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- kian
- 10-01-18
Good for starters
A very good book for beginers as I found all the highs and lows pointed in this book. I wish I read this book before I started trading.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Anonymous User
- 21-11-22
Very good listen.
Very helpful, shows we're your mindset should be with regards to trading.Helps to see what you should be focusing on and what emotions need to be controlled.
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