New Trader Rich Trader

2nd Edition: Revised and Updated
Narrated by: K. Foster
Length: 3 hrs and 16 mins
4.5 out of 5 stars (211 ratings)

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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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    4 out of 5 stars
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    4 out of 5 stars

Nuggets of wisdom in a tiny package

I enjoyed this book for it's mentor/protege style and it's simplicity and straightforward approach to trading. There are some solid bits of information here to study, digest, and apply. Trader mindset, learning from mistakes, managing expectations, controlling ego, finding your method, along with other topics. The author gives recommendations of other books to help with this journey. It's a short but solid primer on trading psychology. I also recommend Secrets for Profiting in Bull and Bear Markets by Stan Weinstein.

1 person found this helpful

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Puts trading into perspective

started out slow, but it really lays out the groundwork required for new traders to be successful. Good starting point for perspective traders

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Very well written

Great for anyone learning or trying to sharpen their skills as a trader. Loved it.

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offers perspective

however, being sold a trader educational program at the ended was a poor choice. reduced the quality of the overall book

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This book is a fantastic book

This book has so many fantastic points of view take it in! Highly recommend to anyone.

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very little usable information<br />

the content was very limited unless you have very very very limited trading experience. if you've never traded before then you should listen to it



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Solid advice for the new trader

This audio book is presented using the Socratic dialog format which keeps the listener engaged while dispersing a continual stream of pithy wisdom. The narrator does a fantastic job, so if you only tolerate great readers you will not be disappointed.

Most importantly, the advice is solid and someone about to start trading should take all this advice to heart. Experienced traders probably won't find anything new, but it was enjoyable and I never really get tired of hearing this advice as each time it sinks a bit deeper.

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Nice content and format to help new traders.

Nice content and format to help new traders build a trading system and rules for discipline.

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  • 12-29-18

Superb and invaluable

This content is invaluable to the novice trader. Even more so to the struggling trader who wishes to become consistently profitable. My only gripe is that the Chapters as read out by the narrator do not correspond with the audio book chapters menu. Otherwise superb narration.

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Awesome book for improving mindset of a new trader

The book is written very creatively, the new trader experiencing a wide range of emotions and making discoveries about trading. As he gains experience he keeps visiting rich trader, who gives him advice that shapes him into a successful trader. It is a very realistic approach with good information for traders with less than 2 years experience.

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  • kian
  • 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.

1 person found this helpful

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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.

1 person found this helpful

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  • Ionut constantin
  • 02-24-19

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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  • KAnimations
  • 01-06-19

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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  • Zen & The Art of Trading
  • 05-21-19

Phenomenal Book

Fantastic book for new traders. As a consistently profitable trader who has been through the tumble dryer of market tuition I can really relate to the concepts and story behind this book. You might not learn anything you didn't already know or intuitively understand, but this book drives the core ideas home in a concise and effective manner. Couldn't recommend it more.

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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