- 1 What is Forex trading and how did it become so popular?
- 2 George Soros
- 3 Bill Lipschutz
- 4 Andrew Krieger
- 5 Stanley Druckenmiller
- 6 Bruce Kovner
- 7 Paul Tudor Jones
- 8 Joe Lewis
- 9 Michael Marcus
- 10 Ed Seykota
- 11 Michael Steinhardt
- 12 Honorable mentions
- 13 What can be learned from the success of some of the best Forex traders?
- 14 Can you become one of these success stories?
Forex trading is a field that has developed rapidly over the years. Many people have managed to accumulate a huge profit with the help of trading, but it is not easy to do so. We all love and appreciate the field of Forex, but not all of us have what it takes to become one of the best traders in the world, but those who have are proving to us every day that Forex can be a way to success.
Today, we are going to talk a little about the top 10 best Forex traders in the world and the stories of them. All these people, who have managed to make a living with Forex, are some of the greatest minds in the world of Forex, who are willing to take the risk, fight hard, and show the world that they know exactly what they are doing.
Read through the list carefully, maybe you can also become like one of the stories that we are going to be talking about today!
What is Forex trading and how did it become so popular?
Before we say the names of Forex traders who did amazing things with their hard work, let’s discuss the field of Forex a little bit and learn what it really is about. Forex exchange, simply, is a process of changing one currency into another. According to recent data, the average of daily Forex trading volume is as high as $5,1 trillion. This huge number and success of the field offer traders access to a huge trading market, which can be very rewarding.
For some time, Forex trading was not really available to everyone around the world. However, as modern technology further developed, the internet gave Forex a place where it could thrive. For many years, people had to call brokers directly to make moves, now, it can be done in a few seconds.
In the 21st century, all you need to be a successful Forex trader is appropriate knowledge, internet connection, and some type of device that you can connect to the internet. Because of such accessibility, many people have started Forex trading and many of them have become very successful.
However, for the best Forex trader in the world, the age of the internet was not needed, they became successful in the field way before it got accessible for traders around the world, and below, we will be discussing everything about them.
George Soros, a Hungarian-American billionaire investor, and philanthropist are considered to be one of the most successful people in the history of Forex trading. Although not a lot of people have heard about him as one of the top 10 forex traders in the world, the things that he managed to do through trading are still very impressive even today.
Soros is known as “the man who broke the Bank of England” because of his short sale of $10 billion worth of pounds sterling, which ended up making a $1 billion profit during the 1992 Black Wednesday UK currency crisis. During his lifetime, Soros was a very active philanthropist, according to the official data, he has donated as much as 32 billion of dollars to the organization, Open Society Foundation, which gives out scholarships and grants to students and organizations around the world.
Being one of the best traders in the world, he has many of his theories that can be used by Forex traders around the world. George Soros is known for his support of progressive liberal political views, because of which he has been a subject of huge criticism from the society. Many even have formed different types of theories about him, claiming that he controls the world, and many other things unimaginable.
At the time when Soros got his billion from his short position in pounds sterling, Britain was part of the Exchange Rate Mechanism. This meant that if the pound weakened beyond a certain level against German Mark, the government should have intervened.
What Soros did was that he successfully predicted several circumstances, including the high level of British interest rates, and also, the unfavorable rate at which the UK had joined the ERM, which left the Bank of England in a very vulnerable position.
The thing that we can learn from Soros is that sometimes if you really do believe in yourself, it is worth taking a risk. After all, by taking a huge risk, he became one of the best Forex traders in the world, and it is almost impossible to talk about the best Forex traders without mentioning the name of this very controversial figure.
How did Soros become so successful?
Born in Budapest, Soros has survived one of the most dangerous times in the history of Europe, the Nazi Germany-occupied Hungary and emigrated to the UK in 1947. There, he graduated from the London School of Economics and continued studying philosophy. As he began his career, he used everything that he knew to become successful. He used his knowledge in philosophy, while also focusing on the economy and became a financial giant who has influenced many of the changes not only in the economy of the world but also in societies around the world.
George Soros has begun his business career by working at various merchant banks in the UK, and then, in the USA. Soon, he started his first hedge fund, Double Eagle, in 1969. The money that he got from this, helped him to establish Soros Fund Management, his second hedge fund, in just one year. Double Eagle was renamed to Quantum Fund and was the principal firm Soros advised.
Soros has formulated an application of Karl Popper’s General Theory of Reflexivity to capital markets, which he claims shows a real side of asset bubbles and fundamental value of securities. Because of the way Soros has influenced the world of finance, and as well as other fields, we included him at number one position of our list of the top 10 Forex trader in the world.
How possible is it to use Soros’ tactics for Forex trading?
The real thing when it comes to Soros’ success is that he knew what he was doing, he was sure and confident and he ended up being one of the most successful people in the world. We believe that the best that you can learn from the world’s one of the most successful Forex traders is that you need to always believe in yourself, you need to be confident enough to take the risk and you need to know enough about the market to be successful.
Maybe you do not agree with everything that Soros stands for, however, the greatness of his tactics is inevitable, and we, as beginners in the world of Forex, can learn a lot from his steps.
We can not talk about the best Forex traders in the world without mentioning one of the greatest minds on the market, Bill Lipschutz. We decided to give him our second place, because of the hard work and dedication that he has put in Forex trading. Other than being one of the best-known Forex traders in the field of Forex, Lipschutz is co-founder and Director of Portfolio Management at Hathersage Capital Management.
Born and raised in Farmingdale, New York, Lipschutz was a very good student in the school, math being one of his favorite subjects. After studying Fine Arts at Cornell University, he enrolled in business classes and earned an MBA in finance from Johnson School of management.
Throughout his career, he has worked at many places, including Salomon Brothers, where he was the principal trader and one of the leaders of the Forex Department. With his colleagues, he formed a team of traders and came up with a plan for learning currency trading. In 1990, he left the position and went to work as the President and CEO for the North Tower Group, founded Rowayton Capital Management, and did his best to popularize the field of Forex.
Why is Lipshutz work important for FX trading?
Bill Lipshutz is in our list of top ten Forex traders in the world because of the dedication that he had for Forex trading. Many say that he has changed the field, by coming up with many different strategies and offering his knowledge to everyone else. However, his decisions were not always right. He is a great example of someone who makes mistakes, learns on those mistakes, and finally became someone who is looked up by many people.
By combining his knowledge in many different fields, Lipshutz was able to bring a lot of success to the company that he worked for, the Salomon Brothers. With his help and hard work, the company was able to earn $300 million per year! This and many other reasons make Bill Lipshutz one of the greatest Forex brokers around the world.
Often called the Sultan of Currencies, this great mind describes the Forex market as very psychological fields, and he believes that market perceptions help determine price action as much as pure fundamentals. As he believes, being a successful trader in Forex does not depend on being right, it depends on how often are you wrong. As he says, while traidng Forex, risk management is very important, saying that your trading size should be chosen to avoid being forced out of your position if your timing is inexact.
According to Bill’s trading philosophy, you, as a trader, should take things one trade at a time. Unlike many others who would tell you to open two or three positions at the same time, Lipschutz says that time plays a very big factor in a trade because it limits the trader’s ability to take advantage of other opportunities.
Can you be successful by following Lipshutz’s trading tactics?
Out of the best Forex traders in the world, Lipshutz is probably one of the only ones that openly talks about his tactics and tries to share it with the world. We believe that by following his strategy, you can be a very successful Forex trader. Especially, if you listen to what he has to say about the risks of Forex trading.
It is very important, however, to make sure that you can also bring something new to his strategies. Everything that he did worked for him because it was his own, he was confident in what he was doing, and he did not hold back. You need to do the same. Try to learn as much as you can about the field of Forex, and you will be able to come up with a strategy that will work perfectly for you.
As Bill says, the best way to approach Forex trading is by having a passion for it. As he believes, if you really want to be a successful Forex trader, you need to stop thinking about winning money, but rather on making your traidng experience better.
Andrew Krieger, or Andy Krieger, is a very famous Forex traidng, many times referred to as a currency trading genius, is another great mind to our list of top Forex traders in the world. Being one of the most aggressive Forex traders the world has ever seen, has already spent more than 30 years in the world of Forex. He is best known for his 1987 Black Monday strategic move that broke the New Zealand Central Bank, where he made over $300 million in one day for his employer, Bankers Trust.
One of the most successful Forex traders in the world, Andy has worked for many companies around the world. He started his carer with a company, Salomon Brothers, while later moving to Bankers Trust. Later, he joined Soros Fund Management and worked there for a short period of time. Soon, he founded Northbridge Capital Managment Inc. and Krieger & Associates Ltd.
How did Krieger start Forex trading?
While young, Krieger was a very normal kid, he loved playing, cereal, and going outside. As he grew up, he developed a love and affection for the trading market, he started studying at Wharton School of Business, which put him on the path to becoming one of the top traders in the world.
Soon after, Krieger started working with some of the most well-known companies on the market, which has lead to him coming up with some of the greatest Forex trading strategies ever known to people. He is considered to be one of the most aggressive Forex brokers on the market, and it works perfectly for him, and because of such traits and love for the field of Forex, we have named him as the third person on the list of our top ten Forex traders. What he did with the Bank of New Zealand is considered to be one of the biggest events in the history of Forex trading, his strategy worked perfectly, and as it is reported, after leaving the company, Krieger was able to take 3 million US dollars with him because of the success with the Bank of New Zealand.
Should you use Krieger’s tactics for trading?
As good as it might sound, aggressive trading is not something that beginners should do. It takes a lot of time and dedication to be good at aggressive trading and we believe that it would be better for you to focus on the experience first. We believe that there are many different types of traders on the market, and something that works for others, might not work for you.
So, make sure that you are comfortable with what you are doing, that is probably one of the most important parts of Forex trading. There is nothing as important as being able to confidently trade with the strategy that works for you perfectly. Krieger is someone who enjoys taking risks, he is not afraid of losing, because he believes that he can learn more that way. There can be a lot to be learned from his experience, but probably the most important part is the confidence that he has.
While talking about Forex top traders, we can not continue without mentioning one of the greatest minds in the history of Forex, American investor, hedge fund manager, and philanthropist, Stanley Druckenmiller. Stanley has a very successful history of working for some of the best-known companies on the market, including the George Soros company, Quantum Fund, which Stanley managed money from 1988 to 2000.
Druckenmiller has noted many times that Soros is his mentor, and with the things that Stanley learned from Soros, he was able to establish a reputation in his own right, by successfully managing billions of dollars for his own fund, Duquesne Capital. Stanley, very easily, is one of the best day traders in the history of Forex trading.
Because of such a successful and great history that he has, we are naming him among our Forex best traders. We believe that by learning about his strategies and life, you will be able to learn more about the whole field of Forex trading and the opportunities that even those with the least experience can have if they are at the right place, at the right time.
How did this master-mind start Forex trading?
Stanley is someone who was born in a middle-class family, without any outstanding feature or fortunes, which makes his success story even more interesting for many traders around the world. Being born in Pittsburgh, Pennsylvania, Stanley had to change his household many times because of the divorce of his parents. In 1975, he graduated from Bowdoin College, where he opened a hot dog stand. While studying Ph.D., he had to drop out to start working as an oil analyst for Pittsburgh National Bank.
Because of his life, Druckenmiller is known to be a huge success story, that has influenced a lot of young traders to work on their dreams. He is best known for paying the market with the German Mark, the money that was getting devalued daily because of the political pressure on the Berlin and the destruction of the wall. What Stanley did was that he opened a position of several million dollars, and bought the currency at a higher price than it was available on the market. Later, Soros also made him increase the position several times a little later, as a result, the made a 60 percent return on the investment and made the first Billion dollars.
What can we learn from Mr. Druckenmiller?
Stanley is one of the biggest success stories in the world of Forex. He started out from just a regular young kid from a family with not so much of money and managed to become one of the greatest minds in the world of Forex by working hard and focusing on the experience, rather than money.
This is something that we believe is very important for the best Forex traders. We believe that if you love the field so much that the experience and knowledge are enough, you will be able to go very far. Druckenmiller is one of those people who proved that it does not matter where you come from and what your background is, as long as you are willing to work hard on yourself, you are good to go.
Druckenmiller is known to be a top-down investor, who’s moves are very similar to the ones of George Soros. This includes holding a group of stocks long, group os stocks short, and uses leverage to trade futures and currency. In 2019, he held large positions in Microsoft, Abbott Laboratories, Salesforce.com, Delta Airlines, American Airlines, etc.
Bruce Kovner is an American investor, hedge fund manager, and philanthropist. He also is a chairman of CAM Capital, which he established in 2012 to manage his investment, trading, and different types of activities. Kovner is another member of our list of the top 10 Forex traders, and the reasons for that are a lot.
Born in 1945 in Brooklyn, NY, Kovner made his first trade in 1977, at the age of 32. What he did was that he borrowed against his personal credit card to buy soybean futures contracts and netted $20,000 profit. Then, he joined Commodities Corporation as a trader, booking millions in profits, and gaining a solid industry reputation.
In 1983, he founded Caxton Alternative Management, transforming it into one of the most successful hedge funds with more than $12 billion in assets around the world. Although he started his career pretty late, Bruce is still among one of the top Forex traders in the world because of his smart moves and dedication to the world of Forex.
How did Bruce Kovner start out his career?
Kovner started his investment career pretty later in his life. He has talked about risk management a lot and says that it is important to be able to think about the risks, and although he did not do so at the beginning of his career, today he is a huge supporter of it. As a trader under Michael Marcus at Commodities Corporation, not part of Goldman Sachs, Kovner made millions and gained widespread respect as one of the greatest Forex traders in the world. Later in life, he managed to establish many different types of corporations.
Kovner is also well-known for his philanthropy career, he has supported everything between Insitute for Justice, Innocence Project, Centurion Ministries, and many others.
How can we use Kovner’s trading experience?
Like many other traders on our list, like, for example, Soros, Kovner also uses macroeconomic fundamentals to trade. However, unlike others, he also is an active user of technical analysis and he uses them to execute his trades. A great thing that can be learned from the trading tactics of Kovner is that we should always do our homework good.
He is known to always be up-to-date with the movements on the market, he also studies the market as well as he can and focuses on the changes that can happen in the world of Forex and reasons why they happen. He is considered to be one of the most respected people in the world of finance, he was actually included in the Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame along with people like George Soros, Leon Levy, Alfred Jones, and many great names.
The life and career of Kovner show that it is never late to do the thing that you want to do so badly. There are many chances that you might have in life, and it does not matter how old you are, how much time you have already spent doing something else, as long as you feel like you can do it, you should try your best to do it.
As Kovner has shown us, in addition to confidence and luck, it is very important to have enough knowledge about the field. Try to look for as many information sources as you can, the internet is full of them. The knowledge that you have in Forex trading is never enough, and especially if you want to become one of the best, you should focus as much as you can.
Paul Tudor Jones
Another person that we have to mention in this list is Paul Tudor Jones. American billionaire hedge fund manager and philanthropist are known for establishing Tudor Investment Corporation, and the Robin Hood Foundation, which focuses on poverty reduction. He owns a degree in economics from the University of Virginia, he was also accepted at Harvard Business School but decided not to attend.
Jones built his career by being a person with the biggest return on investments. Everything has started to move even faster in 2013, when he made a bet with big capital against the Japanese Yen, following a bit of short-selling, he eventually ended up have a 20 percent return rate, making him one of the richest Forex trading in the world.
In this list of the most famous Forex traders, Jones owns its position for being one of the most successful traders on the market. Because of the smart moves and huge risks that he has taken, the world has appreciated Jones’ career a lot. He is one of those Forex traders who can be a great example that you can be successful at any age, and the only thing that matters is the ability to keep growing.
How did Jones become so successful?
Being one of the richest day traders alive today, with a net worth of $4,5 billion, Jones actually started his career as a clerk on the trading floor. In October 1987, when the markets were crashing, Jones managed to profit by 62 percent, and he did it by only holding short positions. He managed to earn $100 million that year for his company.
In 1988, at the age of 33, The Wall Street Journal dedicated a front-page to Jones, calling him “the most-watched, most-talked-about man on Wall Street.” In 2019, Reuters has described him as one of the giants and reported that Jones is considered a legend among macro traders.
Why is Jones such an important figure among the top forex trader?
Because of the smart moves and dedication, Jones is considered to be one of the best traders around the world. He was able to use his courage, love towards trading, and knowledge and became one of the greatest on the market. He did so by making sure that he would know exactly what he was doing, why he was doing, and he managed to use some of the worst periods of the financial history for his own good.
This is something that is very inspiring and intimidating about Jones. Even at the hardest of times, he was able to successfully maintain his business, and even more, he managed to profit from it. There are many great Forex traders, but Jones has something very different from every single one of the traders on the market, and that is his trading style.
We believe that by following the tactics and strategies and Jones had, there is a lot that can be learned. Jones is one of the most successful figures on the market, and he has proved many times that he is not someone to be underappreciated. Also, with his dedication and hard work, we can learn that if we put our minds to something, there is a big chance that we can succeed as well.
For those who are just starting out in the field of Forex, Jones can be a great example of how to take risks. However, most importantly, he shows us that we should not be stuck in one place and we should keep going, no matter how successful our work seems to be for a certain company.
When hearing this name, regular people will think about one of the best boxers of all time, but people who love trading will start thinking about one of the top currency traders in the history of Forex. Joe Lewis, a British businessman, and investor, now lives in New Providence in the Bahamas, to avoid paying huge taxes. According to the Sunday Times Rich List of 2019, Lewis has a net worth of £4.358 billion.
Born in a Jewish family, Lewis left school at age of only 15, to help his father’s West End catering business. Soon, as he started running the business, he decided to expand in by selling luxury goods to American tourists, later, he sold the business to make his initial wealth.
As he sold the family business, he moved into currency trading in the 80-90s, resulting in his move to the Bahamas where is noa tax exile. In 1992, he teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism, the event known as the Black Wednesday, made him very wealthy, and some people even claim that he made even more than Soros.
Lewis continues to be a very active Forex trader even today and makes a huge profit with his profession.
Why is Joe Lewis among the best traders Forex?
There are many reasons why we decided to put Joe in our top 10 list, however, one of the biggest reasons for that seems to be the fact that he has worked very hard to be at the place where he is today. Lewis started from nothing and ended up being one of the people who define the Forex trading.
We believe that he is one of the best examples for beginners around the world, Lewis knows the importance of taking risks, but he also knows very well that one needs to be ready to take the risk. His hard work and dedication to the world of trading show us that you can be very successful if you focus on the experience and not only on the money that you get.
Although he is trading very actively even today, he also worked very hard to become successful in many other fields. As of today, Lewis is a very successful businessman who owns many different types of companies, such as restaurants, cafes, hotels, and many others.
From his experience, we are able to tell that as long as we are ready to put our 100 percent into the thing that we are doing, there is a huge chance that we can be successful. Forex trading is a very risky field, and something taking those risks is not worth it. That is why the knowledge of the market is so important. In Forex trading, something that can make you really successful is the information that you have about the market, currencies, and the reasons why the price of them might change.
Although Marcus does not have as much money as others in this list, we have decided to name him as one of the top Forex traders not because of his earnings, but because of his very successful trading experience. Marcus began his trading career pretty long time ago, in 1972. What he did was that he bought plywood futures with his life savings, which was just $7,000. President Nixon, in the same year, had frozen the prices of some commodities, but the futures contracts rallied sharply, which increased Marcus’ stake from just $700 to $12,000. Soon after, in 1973, he turned $24,000 into $64,000.
Michael is known to be a trader who likes to take his time, he is not one of those people who can not wait to get money. He is more determined to make every move without mistakes, which makes his trading strategy very successful. He is one of those Forex traders who only make moves when he is sure of the outcome.
Marcus at some point was one of the biggest Forex traders around the world. In the 80s, he held positions on the German Mark in the amount of $300 million. However, because of the fact that this type of success needed him to be on the market 24/7, he was very unhappy. He even divorced his wife, which lead to him leaving the market for the greater good. As he says, today, the Forex market has changed a lot, and he believes that by taking time for his own self, he can be a lot happier.
Why is Marcus an important figure for Forex traders?
Michael Marcus is a great example for everyone that no matter how successful you are, there might be some problems that come with success. He teaches us that we need to know when to stop, success in the Forex market is good, but for many people, there are other things too.
For some traders, the Forex market is everything, for some – there are other things that matter as well. To be the best Forex trader, you do not need to be one of them. Marcus has proved that it is very important to know when to stop, and although he was one of the most successful and probably, even talented Forex traders, he decided to take his time for his own self.
How did Marcus start trading?
Marcus was able to make his dreams come true with the help of Ed Seykota, from whom he learned money management laws. The two met while Marcus was working as an analyst. Seykota himself is a commodities trader, who in 1992 gathered a list of traders, with whom he discussed their emotions while trading. Seykota was concerned that many traders often allow their emotions to overcome their logic, which can be very dangerous for traidng. Seykota is known to be one of the people who helped the field develop a lot. Some of his greatest students, other than Marcus, included those like Dean Giordano, Jason Russell, Patrick Dougherty, and others.
With the knowledge that Marcus had from Seykota, he actually went on to teach others everything that he knew about traidng. One of the greatest traders that he was a mentor to is Bruce Kovner. The experience of Marcus and others like him proves once again that you can go very far if you have enough knowledge about the field of Forex. So, if you want to become someone like Marcus, start learning as much as you can right now. There are many online classes that you can find, try to understand the logic behind trading and work as hard as you can.
Seykota comes at the ninth place for our best Forex traders. Originally being an Electrical Engineer, he became a very successful commodities trader very early in his life. He was one of the people who pioneered a computerized trading system for a company that he was working for. Later, he decided to start trading on his own and became of the best-known names in the world of Forex.
Although he does not trade currencies, his experience in the world of trading and the people that he has raised makes him one of the most important figures in the world of Forex. Seykota is known to have a very defined set of technical and mental rules for trading that works perfectly for him. A great thing about his life is that he always trade to keep a low profile and only a handful of people knew about him before Jack Schwager’s book, Market Wizards.
Why are rules important according to Seykota?
Seykota has proved many times that by having a guideline and some type of a set of rules that you can follow, trading can become a lot easier. We also believe that having a trading strategy is very important, that is why we always encourage you to learn as much about Forex trading as possible. The more you know, the easier it will be for you to come up with a strategy that can work perfectly for you.
Ed Seykota is a huge believer in rule, everything he does is based on a very strict traidng rules he has outlined for himself. This is how he manages to stay calm even when things are not going well for him. However, he also said many times that sometimes, you need to break the rules, according to him, the greatest talent is to know when you need to break the rules.
For Forex trading, it is very important to use everything that you now, even if it does not have anything to do with trading. That is why so many people with diverse backgrounds are becoming so successful in Forex trading. Being able to combine your knowledge of different fields can make you one of the most successful traders around the world, so never say no to the opportunity to learn something new.
Seykota became very popular in the world of trading after Jack Schwager devoted a whole chapter to him in a book called Market Wizards. In the book, the writer tells us that Seykuta is easily one of the best traders of our time. Seykota is also known for having many students who have influenced the growth of the field of Forex, notably Michael Marcus, about whom we have already talked.
How can we use Seykota’s experience for future trading?
There are many things that we can learn from this great man. First and foremost, Seykota teaches us the importance of knowledge and rules. Once you have mastered the field of Forex, you should try to come up with some type of strategy that works better for you. It is very important to have a strategy because you never know what can go wrong during trading and having a plan that you can follow even when you feel the most scared is something that can make your experience a lot safer.
The only way to have a successful trading strategy, however, is to learn more about the field. Try to look at the statistics of currency prices, see their history of how they change, etc. and you will be able to better understand the field of Forex.
The last person that we are going to talk about is Michael Steinhardt, one of the best Forex brokers in the world. Michael Steinhardt is an American investor, hedge fund manager, and philanthropist. In 2014, he was referred to as the ‘Wall Street’s greatest trader’ by Bloomberg, and according to Forbes, his net worth is at $1,1 billion as of 2018.
Steinhardt started his career while working for the mutual fund Calvin Bullock and the brokerage firm Loeb, Rhoades & Co. His father was actually his first investment client, who was giving Steinhardt envelopes stuffed with cash to put in the stock market giving him a chance of becoming one of the greatest Forex traders of all time.
He is a very legendary figure in the world of Forex, he holds a record of 24 percent compound growth of 28 years, which is never seen anywhere in the world. He is also a very active philanthropist and owns many different types of organizations that help people all around the world. In 2008, he was also included in Institutional Investors Alpha’s Hedge Fund Manager Hall of Fame, along with people like Bruce Kovner, George Soros, Paul Tudor Jones, and many others.
How did Steinhardt start his career?
One of the biggest names from our list of top 10 best Forex brokers, Steinhardt started his career at the Wall Street, where he worked at Calvin Bullock and Load Rhoades & Co for several years. He worked as a researcher and analyst for as long as seven years, after which he did an investing job.
Steinhardt is known for making long-term investments, but he is also not afraid to take some risks. He has shown the world of Forex that it is very important to be able to see the risks and try to overcome them, however, ignoring them is never right. Steinhardt has become one of the greatest Forex traders around the world and his legacy is very much appreciated by Forex traders around the world.
What can we learn from this master-mind?
Steinhardt is a great example of how important it is to know when and how to make moves. He is one of the few people on the market who has the ability for wait for as long as it is needed for future gain. Known for his trading style, Steinhardt changed the way people see Forex trading.
He has proved that as long as you are enjoying what you do, the chances of having huge wins are also a lot bigger. Steinhardt started learning about the field from a very early age, and that once again proves the importance of knowledge. So, if you decide to follow the steps of this great mind, do not forget to look for ways to learn more about the field of Forex.
We have already talked about 10 best Forex traders around the world, but the list simply can not stop here. We also want to tell you a little more about the Forex traders that might not be as famous as those that we have discussed in this list, but they still managed to leave their mark on the trading market.
The first one in honorable mentions that we want to talk about is Urs Schwarzenbach. Schwarzenbach, UK-based Swiss financier, with an estimated net worth of £978 million, is one of the most successful traders around the world. He is a man who set up Interexchange, the largest Foreign Exchange dealership in Switzerland. With the success of the exchange, he was able to buy well over 300 million of property in the UK, Australia, Morocco, Zurich, and many other countries around the world.
Today Urs is known for traidng with his own fund, as he says, it gives him the ability to take risks that he would otherwise not take. He is one of those people who like to take the risk, however, the knows when and why to take those risks and it shows in his success.
We also want to talk a little about Richard Dennis, who is a commodities speculator, once known as the Prince of the Pit. He started trading in the 70s by borrowing $1,600 and reportedly making $200 million in about ten years. However, he did not have a successful run in 1987, when futures trading funds under his management had significant losses. Because of this, he even retired for several years, he is also known to be very active in Democratic and Libertarian political views, he also actively fights against drug prohibition.
Dennis has published many op-ed articles in the New York Times, The Wall Street Journal, and the Chicago Tribune. He is a president of the Dennis Trading Group Inc. and the vice-chairman of C&D Commodities. Because of his legacy, he is regarded to be one of the most successful Forex traders in the world and is very appreciated among Forex traders.
What can be learned from the success of some of the best Forex traders?
We dedicated this list to the 10 best Forex traders around the world, people who have worked very hard to come up with plans, strategies, and tactics to make trading more successful. With their help, the whole trading market has become even more successful and well-known around the world.
These people show us that it is very important to make sure that you know as much as you can about the field of Forex, there are many people who dedicate their lives to learning everything about it and as result, they are able to become one of the bests. However, their stories also show us that it is very important to know when to stop, we can learn from them that in life, the most important thing is to do what you love the most.
Sometimes, taking risks is not worth it, and the best way to tell if you are doing the right thing by taking a risk is to know the market as well as you possibly can. Many of the best Forex traders that we have talked about have stopped trading at some point in their lives to make sure that they would not lose everything that they have worked so hard for.
In addition, as a beginner, you should never forget that the trading should give you a good experience, that you will enjoy. Try to control your emotions and work hard on a strategy that you can use even when you are the most nervous about something.
Can you become one of these success stories?
We have talked about some of the best Forex traders in the world, who, just like you and me, started from nowhere. So, if you work hard enough, if you follow the stories of these great minds, you can have the chance to become one of the most successful Forex traders around the world.
The most important thing is to know as much as you can about the field of Forex, learn the market, try to understand the logic behind the movements on the market, know when to stop, and take risks only when they are actually worth it. We believe that stories of these some of the best Forex traders around the world can help and inspire you to be even more interested in the world of Forex.