Bernstein, is the president of a Chicago commodity advisory firm specializing in cyclic analysis, forecasting and personal psychology for traders in a notoriously precarious market--the buying and selling of contracts for future delivery of crude oil, pork bellies, eggs, grain, Treasury bonds and foreign currencies.
He does not deal here with actual Board of Trade operations or even with the many trading systems because, he notes, the trading system is no better than the trader who uses it. Instead, through eight interviews with successful participants in a business that can generate millions in gain or loss overnight, Bernstein emphasizes the importance of such essential trader characteristics as studiousness, persistence, courage and decisiveness. Clearly the guide is not designed as a vade mecum for beginners, but it is a useful commentary for those already engaged in sophisticated investment activity.
According to Jake Bernstein, great traders are created, not born. Those who lack discipline, persistence and self-confidence lose the never-ending challenge of trading profits. But those who survive the battle by using the tools of the masters enjoy the fruits of consistent success.
Here is an opportunity to learn from some of the best-known international traders ever: a legend in his own time.
