Regardless of whether you are new to trading Forex or an old hand at the currency markets, you are probably going to share one key aspiration:
How can I become more successful at trading?
One way to improve is to learn from the absolute most successful Forex brokers on the planet.
You are about to find out what the best Forex traders on the planet have in common and how those qualities helped them to make tremendous profits:
Discipline—the capacity to recognise when a trade is bad and along these lines minimise losses.
Risk control—having a solid understanding of a trade’s risk/reward.
Courage—the willingness to be unique from the rest of the traders most of the time.
Astuteness—judging how perceptions are modeling market trends.
The world’s top Forex traders
1. George Soros
George Soros, born in 1930, started his career at Singer and Friedlander in London in 1954 after escaping from Hungary who was occupied by Germany, during World War II.
He worked at more than one financial companies until the point when he set up Soros Fund Management in 1970. The corporation generated more than $40 billion in profits over the most recent five decades.
He became famous in 1992 as the trader who broke the Bank of England, making a profit of $1 billion after after short selling $10 billion in British pound sterling (GBP). It is cause that he holds the record for being the individual with the highest earnings in one day.
On Sept. 16, 1992 the U.K. pulled back the currency from the European Exchange Rate Mechanism after failing to keep the required trading band because of Soros’ trade, solidifying a day well known as Black Wednesday in history.
This staggering exchange is a feature of his profession and established his title of one of the best dealers ever. Soros is right now one of the top wealthiest people on the world, ocupying place #186 with 8 billion dollars.
He once told the Wall Street Journal “I’m only rich because I know when I’m wrong”. The statement demonstrates two of his strengths: discipline and courage.
2. Stanley Druckenmiller
Stanley Freeman Druckenmiller is an American financial specialist, speculative stock investments director and philanthropist.
He is the previous executive and leader of Duquesne Capital, which he established in 1981.
He shut the fund in August 2010 because he felt unfit to deliver high returns to his clients.
At the time of closing his company had over $12 billion in assets.
He acquired income for 1 billion dollars by betting on the German Mark.
Druckenmiller precisely monitored the situation of the German Mark and comprehended that the German currency was underestimated, and saw an opportunity for purchasing.
At initially, Druckenmiller set a long position in German Marks for a multi-million sum, but then, Soros influenced him to increase the sale by 2 billion German Marks. This trade brought about 60% profit for the Quantum Fund.
In 2009, he was the most charitable man in US.
3. Andrew Krieger
Andrew Krieger quickly gained a notoriety for being one of the most aggressive traders in the word, and had the full support from the board of Bankers Trust(the company where he worked).
Along these lines, he had a trading limit of $700 million, instead of a more typical $50 million limit.
In the wake of Black Monday, Andrew Krieger became convinced that the New Zealand dollar was vulnerable, and adopted an approach to taking advantage of this.
Since he had an enormous trading limit and then could utilize high leverage on top of this by trading currency options – as high as 400:1 – he was capable to bring a stunning amount of money to bear on the Kiwi dollar.
The task brought about 300 million dollars in income for the Bankers Trust.
But just a year later, Krieger leaves the organization because he got a reward of just 3 million dollars for the income he acquired on Black Monday.
Do You Want to Trade Forex?
VorteXz Forex Trading Signals are 100% FREE (LIST OF BROKERS HERE)
Just contact us, and you will convince yourself!
