Forex is one of the fastest growing industries with great financial potential and many success stories. This market operates 24 hours a day and its daily volume exceeds $ 5 trillion, making it the largest, most liquid and most popular market in the world.
Nowadays anyone can access it and become an investor thanks to technological advances. All you need to get started is a good internet connection and an online forex trading broker.
One of the most powerful brokerages in the forex market is RCPro.com
Here we learn more about the most famous forex traders in the world and their success stories.
. Michael Steinhardt
According to the current Forbes ranking, he is a billionaire. Steinhardt is best known for managing to maintain an average annual growth rate of 24% for 28 years using all sorts of financial instruments such as forex, stocks, bonds, long and short options.
– Joe Lewis:
He’s currently on Forbes’ billionaires list. But what happened to him? He started his trading career at a young age, but one trade in particular made him one of the best in the business.
“We are swimming against the current. We are not proud of our positions.”
Urs Schwarzenbach, a Swiss investor, was born with the spirit of a genius trader. At the age of 24 he started trading the foreign exchange market and, after many successful deals, founded his own company “Intex Exchange”. He became known around the world when his company generated hundreds of millions of Swiss Francs (CHF) in profits.
. Paul Tudor Jones
Paul Tudor Jones is one of the most vibrant personalities in the industry and a true inspiration. He is an American investor and hedge fund manager well known for his macro trading and continued success in the forex market.
. Andrew Krieger
Krieger made history with the kiwi fruit.
Well, history in the forex world wasn’t made by trading kiwi, but rather the New Zealand dollar (NZD), commonly known as kiwi. Analyzing the course of Black Monday, he found that the NZD was undervalued and therefore decided to do a strong short sell. This transaction resulted in a profit of $ 300 million.
5- Michael Marcus:
To be a successful trader you must be brave because courage is your investment and your capital is your mind
The deal that gave him the highest success rate was during Ronald Reagan’s presidency when he bought positions in the Deutsche Mark and turned his starting capital from $ 30,000 to $ 80 million. Many industry analysts refer to him as the largest foreign exchange trader in the world, alongside the banks.
– Bill lip protection:
Bill Lipschutz is a master at forex trading. He quickly turned that amount into $ 250,000. While this was the trading that made him a guru in the world of forex trading, he continued his passion for other massive achievements.
– Stanley Draken Miller:
Most of the people in the market are looking for profits and traditional action. Liquidity moves the markets. “
Stanley Printmiller was born in Pittsburgh, Pennsylvania on June 14, 1953 and began his career with the Bank of Pittsburgh in 1977. After carefully observing the D-Mark cycle, he found that the German currency was very low, so this was a great opportunity to make a purchase. It was the long position in the Deutsche Mark against millions that made him one of the most successful traders in the world.
– Bruce Kovner:
Bruce Kovner, an investor from Brooklyn, New York, made his first deal at the age of 32, which turned out to be the most successful. Since buying soybean futures contracts him brought in a profit of $ 23,000. Imagine receiving $ 3,000 on a MasterCard credit card and one day you decide to use it to buy soybean futures contracts and become one of the most famous traders in the world.
– George Soros:
George Soros (born György Schwartz) was born on August 12, 1930 in Budapest, Hungary. If you are a trader or a budding trader, this name should be checked out and studied already. He is known as “The Man Who Broke the Bank of England” for his memorable short sale in 1992. His £ 10 billion short sale made $ 1 billion in profit in just one day. This bet on the British currency not only earned him world fame, but also forced the British government to withdraw the British pound from European foreign currencies.