Prop Trading Secrets

This book collects 13 interviews with proprietary traders who make their living from the markets. It is by Kathy Lien, managing director of FX strategy at BK Asset Management, and Etienne Crete, a full-time trader and the founder of Desire to Trade. Its subtitle promises to show how individual traders are using proprietary trading to reach financial freedom.

The interviewees include veteran traders with more than ten years in the markets and winners of various trading championships. Also featured are newer prop traders who use approaches such as funded accounts to trade other people's money.

Readers get a thorough introduction to the different kinds of prop trading, including funded trader programs. The interviews also cover how to get started, trading methodologies, specific tips and the most useful indicators of price movement. They also look at what the best prop traders have in common and what sets them apart from everyone else.

The book is written with new traders in mind, and for anyone with an interest in proprietary trading.