Money and power have always held a hypnotic appeal; just ask U.S. Presidential candidate Donald Trump who is on the cusp of becoming the leader of the free world, despite an almost daily disclosure of alleged scandals and potentially inappropriate public comments. Who would have thought it!

But what do you think actually differentiates the highly successful business billionaires -- the market wizards -- from mere mortals? What traits and characteristics do they share and most importantly, what lessons can we learn from those who achieve impressive financial results within an increasing demanding, competitive and globalized business world.

But don't ponder too long, because in 'The Little Book of Market Wizards: Lessons from the Greatest Traders' Jack Schwager distils 25 years of interviewing the world?s best traders from his four previous books including Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001) and Hedge Fund Market Wizards (2012) to identify the secrets of their success.

The author delves into the psyche, thought processes and practices of highly successful traders, providing insights that any aspiring Bahamian trader should find food for thought in improving their skills and results. 'The Little Book of Market Wizards' describes how market participants can benefit from adopting the traits, behaviors and philosophies of the world most successful operators into their own trading practice. Compelling anecdotes demonstrate the key principles of successful trading which includes:

o That market research should be hard, making the actual trading simple.

o Mental and emotional control is essential whilst winning or losing.

o Managing the risk to minimize the chance of failure.

o Developing confidence and independence as a trader.

o Being patient with winning trades and impatient with losing trades.

o It is not the news, but how the market reacts to that news that matters.

o Learning through mistakes.

Don't think by reading this book you will become a Caribbean clone of Mr Trump - assuming that you would even want to - but if you master these secrets of success then you get my vote.

'The Little Book of Market Wizards: Lessons from the Greatest Traders' by Jack D. Schwager and published by John Wiley & Sons.

Keith Appleton JP, BA (Hons), N.Dip.M, MInstLM has extensive experience within an academic, managerial and strategic leadership role. He is a member of the UK Institute of Leadership & Management and can be contacted at KeithAppleton@Hotmail.co.uk.

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