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Publisher's 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

©2017 Stolly Media, LLC (P)2017 Steve Burns & Holly Burns

What members say

Average Customer Ratings

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  • Nick CM
  • Santa Cruz, CA USA
  • 06-02-18

Good material, worth a read (listen)

Practical advice on avoiding common mistakes, such as trading without a plan and through emotion rather than objectives. As a new trader, I could identify with the trader fictionalized in this book and found that he was asking questions and making mistakes similar to mine.

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Superb!!!

Great book on trading! Very surprised at the amount of knowledge packed in the short book. Great addition to my library!! Loved it!

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New Trader Basics

I've recently gotten into trading a couple months ago, I was recommend this. very helpful book. I'd recommend to those looking to learn basics from a professional trader.

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I enjoyed it.

Easy to listen to. Good lessons throughout. I'd recommend it to any new or struggling trader.

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  • Mohi
  • 01-10-18

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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  • Shah Newaz Choudhury
  • 12-31-17

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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  • Anonymous User
  • 04-04-18

Highly recommended for new traders

Those that are new to trading or considering giving up trading because they aren’t “winning” will benefit from listening to this audio book.

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  • Alberto
  • 01-15-18

quick and insightful read

ideal for new trades who want to avoid the most common mistakes of the rookies. recommended if you're starting your trading career or if you're struggling to succeed