Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game by Kathy Lien and Boris Schlossberg
By Lawrence 
Summary: An interesting take on how a very diversified group of traders tackling the forex markets successfully. Not a book of the tall tales on legendary traders, if that is what you are looking for. A very good book for beginners to broaden their perspectives on what works with forex trading. A good read overall.
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Review
Kathy and Boris worked for FXCM for a long period of time in the past that gave them the privilege to get to meet great traders hidden among us all. This book is a collection of the stories and wisdoms from traders coming from all walks of life.
Every one documented in the book have developed their own methods to deal with the forex markets. Unlike a book on legendary traders, which we know are outliers, the examples given in this book are good reference on what can be achieved if we put our minds into the game. It is encouraging to see people with different backgrounds and perspectives on life can all profit from forex by having realistic goals and good game plans.
This book is not a “go-to” book for specific trading setups. It is more an inspirational book telling all non-traders that profit from forex markets is both realistic and very doable. The ideas from these traders varies from reading classic price swing charts to mechanical models. Most important of all, though, is that their insights into the importance of diciplines and good moeny management are consistent among all of them.
This book is a good read and I highly recommend it to those interested in forex trading.
RE: Profiled trader Chuck Hays
“The Commodity Futures Trading Commission said Wednesday it obtained the order from a federal judge in St. Paul against Charles Hays and his company, Crossfire Trading. The agency sued Hays in February 2009, accusing him of soliciting money to invest in stock and crude oil futures and instead taking it for his own benefit. It was a Ponzi scheme in which earlier investors were paid with other investors’ money rather than actual profits, the government says.
Hays pleaded guilty in 2009 to criminal charges of defrauding investors of $21.6 million. He received a nine-year, nine-month prison term.”
Is it something related to this book?