The foreign exchange market is a global decentralized or over-the-counter
market for the trading of currencies. This market determines the foreign
exchange rate. Forex trading is one of the fastest growing industries with
massive financial possibilities and a lot of successful stories. This
marketplace operates 24 hours/day and its daily volume exceeds $5 trillion,
making it the biggest, most liquid and popular market in the world!
Nowadays, anyone can have access to it and become an investor. Thanks to
the advancement in technology, all you need to get started is a good
internet connection and an online Forex broker. Of course, successful
stories begin and end only with prime online brokers, such as one of the
leading Forex companies on this competitive market Royal capital pro Let’s
find out more about the top 10 most successful Forex traders in the world
and their stories.
1. George Soros
George Soros was born on August 12th, 1930 in Budapest, Hungary. If you’re
a trader or an aspiring trader, then this name should already ring a bell
to you. He is known as “the man who broke the Bank of England” due to his
unforgettable short trade back in 1992. His short sell of 10 billion pounds
sterling brought him earnings of 1 billion dollars in just one day! This
bet against the United Kingdom’s currency not only did it bring him
worldwide fame, but the government of the United Kingdom was forced to
withdraw the Pound Sterling from the European Foreign Exchange.
2. Bruce Kovner
Bruce Kovner an investor from Brooklyn, New York, made his first trade at
the age of 32 and it turned out to be the most successful one, as his
purchase of soybean future contracts brought him a $23,000 profit! Imagine
having $3000 on your Master Card credit card and one day you decide to
purchase soybean future contracts with it and become one of the most
famous traders in the world.
3. Stanley Druckenmiller
Born in June 14th, 1953 in Pittsburgh, Pennsylvania, Stanley Druckenmiller
started his financial career in 1977 at the Pittsburgh bank. After an
exhaustive monitoring of the German Mark course, he realized that the
German currency was extremely undervalued; therefore, it was a great
opportunity to make a purchase. The long position in German Marks for a
multi-million sum was the one that made him one of the most successful
4. Bill Lipschutz
Bill Lipschutz is the master of Forex trading! He began trading forex in
college after inheriting $12000 from his grandmother’s death. He quickly
turned that sum into $250,000! Even if this was the trade that made him a
guru in the Forex trading world, he continued his passion with other
5. Michael Marcus
The trade that brought him the loudest success happened during Ronald
Reagan’s presidency when he held positions in German Marks and turned his
initial $30,000 into $80 million. People from this industry call him the
largest currency trader in the world, along with banks.
6. Andrew Krieger
Made history with Kiwi. Well, he didn’t make history in the forex world by
trading kiwi, but the New Zealand Dollar (NZD), commonly known under the
nickname ‘kiwi’. He analyzed the course of Black Monday and noticed how
undervalued the NZD was, hence, he decided to place a strong short sale.
This trade resulted in 300 million dollars in earnings.
7. Paul Tudor Jones
Paul Tudor Jones is one of the most vibrant personalities from this
industry and a true inspiration. He is an American investor, hedge fund
manager, widely known for his macro trading and the continual successes he
had on the Forex exchange market.
8. Urs Schwarzenbach
Swiss investor was born with the mind of a genius trader. He started
trading on the Forex market at the age of 24 and after a numerous
successful trades he started his own company: Intex Exchange. He became
famous worldwide once his company obtained hundreds of millions of Swiss
Francs (CHF) in earnings.
9. Joe Lewis
Joe Lewis against the Mexican Peso Nowadays, he’s still on the Forbes list
of billionaires. He started his trading career from a young age, but one
trade in particular made him one of the best in the industry. In 1994,
Mexico was in a bad financial state making the value of the Mexican Peso to
decrease. Fortunately, Joe Lewis saw the opportunity after rigorously
analyzing the market and made a short sale against the Mexican Peso and the
results, we can still see them nowadays.
10. Michael Steinhardt
Another Forbes billionaire, Steinhardt is known for having managed to
maintain a 24% compound annual growth rate for a period of 28 years by
using all possible financial instruments, such as: Forex, stocks, bonds,
long and short options.
Considering the stories of the top 10 most successful forex traders in the
whole world, success and profit come with a lot of hard work, risks,
information and a lot of courage. Don’t be afraid to try it! The first step
is to find the right online broker for your needs and after that, you
either go big or go home!